Urban 301 Madeira LLC, an Aventura-based firm, recently secured a $59 million loan for a residential project. Dubbed “301-341 Madeira” by Coral Gables city records, the complex would measure nine stories above grade and offer 145 apartments.
The Commercial Observer reports that of those 145 apartments, nine would be ground-floor, live/work units. The 100-foot-tall building would host a fourth-floor amenity deck, featuring a swimming pool, fitness center, and residents’ lounge.
The complex will measure nine stories.
There would also be 227 parking spots (about 1.5 per unit) and a 5,270-square-foot public park. City records report that the 1.43-acre build site currently hosts four apartment buildings erected in the 1920s, along with two mid-century buildings. Those structures would be demolished prior to the start of construction.
As noted, Urban 301 Madeira LLC is the developer. It received the $59 million loan from City National Bank of Florida. Behar Font & Partners is the architect. Florida YIMBY recently reported on Merrick Parc and the Julia Residences, just two projects in the architect’s pipeline. Our sources indicate that the firm presently has 36 active projects totaling $2.4 billion.
The project would occupy a 1.45-acre site.
Despite what the name suggests, 301-341 Madeira would occupy the 1.45-acre plot at 301 to 335 Madeira Avenue, Coral Gables, FL, 33134, in Miami-Dade County.
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Would love to see some retail go into the North Ponce avenues.
Where do I get information on floor plans and pre-construction prices?