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MIAMI—Defying the naysayers, Downtown Miami is officially thriving as a 24-7 neighborhood, attracting condo buyers from around the world to the city’s urban core. Now, Newgard Development Group is breaking ground on the first condominium to rise from the dirt in Miami’s Central Business District since the 2008 economic downturn.

Newgard and The Tilia Family of Companies commemorated the groundbreaking of Centro, a 352-unit loft-style condo tower, on Thursday. The site of the 37-story mixed-use condo tower is located at 151 SE 1st Street.

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