Developers Recieve Master Permit For ‘The Standard Residences’ At 3100 NE 1st Avenue In Midtown Miami
Developers Recieve Master Permit For ‘The Standard Residences’ At 3100 NE 1st Avenue In Midtown Miami
Developers Recieve Master Permit For ‘The Standard Residences’ At 3100 NE 1st Avenue In Midtown Miami
Hospitality and real estate pioneers Rosso Development, Standard International, and Midtown Development have closed on a $45,045,000 construction loan from Bank OZK for the highly anticipated The Standard Residences, Midtown Miami, located at 3100 Northeast 1st Avenue. A JLL Capital Markets Debt Advisory team, led by Managing Director Brian Gaswirth and Associate Jimmy Calvo, represented the developer.
New construction permits have been filed for The Standard Residences, a 12-story mixed-use development planned for 3100 Northeast 1st Avenue in Midtown, Miami. Designed by Arquitectonica with interiors by Urban Robot Associates and developed by Rosso Development under the RM Dev Ventures LLC alongside Midtown Development, the project comprises 228 residential units, 34,000 square feet of amenities, and 11,000 square feet of ground-floor retail. Residences will be delivered move-in ready while simultaneously allowing flexible short-rental programs with 30-day minimum stays up to 12 times per year. An existing garage next door will be utilized for parking purposes. Cavossa Management Inc. is listed as the project’s general contractor. Naturalficial is the landscape architect.
Rosso Development and Midtown Development reveals interiors for the first ever The Standard Residences, a 12-story mixed-use development planned for 3100 Northeast 1st Avenue in Midtown, Miami. Designed by international architecture firm Arquitectonica with interiors by Urban Robot Associate, the project will yield 228 move-in ready residences while simultaneously allowing flexible short-rental programs with 30-day minimum stays up to 12 times per year, as well as 34,000 square feet of amenities and 10,000 square feet of ground floor retail.
In recent years, Miami has seen a dramatic shift towards the development of buildings that offer flexibility via short term rentals. Owners of these types of property are allowed to rent out their units free…