After closing on a $102.5 million loan from Related Fund Management earlier this year, Cymbal DLT Companies is breaking ground on the multifamily housing project at 20775 Northwest 17th Avenue 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 groundbreaking ceremony will take place on November 16.
Credit: Jo Palma + Partners Corporation
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 designed by Jo Palma + Partners 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.
Credit: Jo Palma + Partners Corporation
Credit: Jo Palma + Partners Corporation
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I mean, the structure is pretty for an apartment complex. Unfortunate that 40% of the land area is used for surface parking rather than a garage but I get it, they were on a budget for budget housing.
What is the contact info for leasing and eligibility?