After closing on a $102.5 million loan earlier this year, Cymbal DLT Companies is breaking ground on the multifamily housing project at 20775 NW 17th Ave. in Miami Gardens. Cymbal DLT, led by Asi Cymbal and Hector Torres, will be joined by Miami Gardens city officials and community leaders to mark the occasion.

The new project aims to address South Florida’s affordability crisis with a 341-unit Class A apartment complex that will center its 11 buildings around a sculpture-filled lake to maximize views and encourage outdoor activities. The project will feature many of the same amenities of Cymbal DLT’s luxury residential towers, including world-class architecture, art, wellness and sustainability, but rents will be roughly 50% less than comparable newly constructed buildings in Downtown Miami and Fort Lauderdale.

In an effort to drive community engagement, Cymbal DLT is launching a public naming contest in partnership with The New Tropic, where locals will have the opportunity to submit their suggestions for the name of the new housing project. Submissions will be accepted starting November 16 during the groundbreaking ceremony through November 23, and voting will take place the following week. A committee composed of Cymbal DLT executives and city leaders will deliberate and choose the winner, who will receive the grand prize of two VIP Suite tickets to a Miami Heat home game. To make a submission, community members can visit https://thenewtropic.com/contest/. 

WHEN: Groundbreaking Ceremony: Wednesday, November 16, 2022, 10 a.m. - Noon 

Naming Contest: Wednesday, November 16 – Wednesday, November 23, 2022

WHERE: 20775 NW 17th Ave. Miami Gardens, FL 33056

WHO: Asi Cymbal; Chairman, Cymbal DLT Companies, Hector Torres; CEO, Cymbal DLT Companies, Miami Gardens city officials