Whichever unit you choose, you’re guaranteed finishes and amenities of the highest-standard. Each residence will also offer unparalleled views of downtown or Biscayne Bay. Each unit offers light, open, and airy feel punctuated by 10-foot ceilings, minimal interior walls, and spacious layouts. Residences range from 1 to 2 bedrooms and from 500 to 1,173 square feet. The sleek and visually-striking Centro combines substance and style with its diverse assortment of floor plans, spanning 350 loft-style residences across 37 floors. Not only does Centro offer a convenient location, but it will redefine modern loft living like no other condo. As indicated by its name, the ambitious new high-rise will be located at the heart of the Miami’s vibrant urban core of Downtown. The Tallas and Gerber are affiliated with Los Angeles-based Cochise Capital.Centro is one of the most exciting new developments in South Florida. The buyers were entities tied to Richard Gerber, Brett Talla and David Talla. This month, Habitat Group sold the newly built eight-story, 34-unit building at 39 Northwest Seventh Avenue in Little Havana for $15 million. Last month, Aimco’s spinoff Air Communities scooped up the bayfront, 296-unit Watermarc at Biscayne Bay on the northeast corner of North Bayshore Drive and Northeast 21st Street in Miami’s Edgewater for $211 million.Įmerging Miami neighborhoods also are attracting attention. In downtown Miami, Long Island-based Lions Group NYC and Miami-based Fortis Design + Build want to build the 57-story M Tower with 675 units on the site of a public garage at 65 Southwest Second Street. High demand for apartments in the Miami area has led to skyrocketing rents, as well as investment sales and development activity. Harbor now owns a total of seven multifamily properties spanning 1,500 units in Miami-Dade County, according to the release and the company’s website. Harbor also has been spreading outside Miami’s urban core, paying $50 million in April for the seven-story 275 FontaineParc at 275 Fontainebleau Boulevard in western Miami-Dade. In March, the company bought the two ParkLine Miami apartment towers at Brightline’s downtown station for more than $400 million, marking a record deal for a single-asset multifamily property in South Florida since at least 2018. Richard Litton Jr., has been betting heavily on Miami-Dade County’s multifamily market. Harbor, led by Chairman and CEO Jordan Slone and President T. It had paid $20.2 million for the site in 2014.īroadstone at Brickell is in the care of Scottsdale, Arizona-based Alliance Residential Company, although state corporate records also tie the entity to New York-based Clarion Partners. Seller Broadstone at Brickell developed the 24-story building with a clubhouse and pool on a 1.9-acre lot in 2017, according to records. The deal breaks down to about $496,000 per unit. The Norfolk, Virginia-based real estate investment and management firm bought the 372-unit Miro Brickell at 251 Southwest 11th Street, according to a Harbor news release. ![]() Less than five months after scooping up a pair of downtown Miami rental towers in a record deal, Harbor Group International bought a Brickell multifamily property for $184.5 million. with the Miro Brickell apartment tower (Harbor Group International, Google Maps)
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