Cove Miami is set to unfold in South Florida. The high-rise multi-family community will offer 116 homes on a 1.05-acre lot, requiring close to 500,000 square feet of new construction.
According to the South Florida Business Journal, the 40-story tower’s units will measure 1,200 square feet to 2,500 square feet. There will be two-bedroom to four-bedroom layout plans available. The smallest units start at $1.3 million, while the larger ones will hover around $3.5 million. The community will not offer short-term leasing options, so it’s easier to cultivate a community.
The venture will measure 40 stories.
Communal amenities at Cove Miami include a children’s play area, rooftop bar, swimming pool with cabanas, and private dining room. SB Development has partnered with Hazelton Capital Group on the venture. The pair purchased the parcel for about $12 million in 2021.
OneWorld Properties is the sales and marketing team. Kobi Karp Architecture is the architect, and Dieguez Fridman is the interior designer. Construction is expected to start in the second quarter of 2024 and last 18 months. It’s unclear whether the general contractor will have to demolish any pre-existing structures before breaking ground.
An aerial view of the site, per Google Earth.
Cove Miami will be located at 456, 480, and 496 Northwest 29th Street, Miami, Florida, 33127, in Miami-Dade County.
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