Eleven55 NoMi is the working name of a new housing development located in North Miami. Per the South Florida Business Journal, the complex will be built on 4.1 acres of land and is intended to provide housing to “mixed-income” families.
Prestige Building Group is currently constructing three developments that are intended to provide workforce housing. The three complexes are: Poe’s Lofts, Champion’s Lofts, and Palm Avenue Lofts. In total, the three buildings will cost $21 million to build and provide 186 units.
Sobe 18 Hotel, a one-story hotel located in Miami Beach, is accepting construction bids by invitation as of May 17, 2021. In total, the hotel will have 36 units with food and beverage service on the ground floor. There is no word yet on the expected cost of construction, but the land was secured for $4 million.
In April 2021, Prestige Builders Group secured a $22 million loan that they will put toward the construction of workforce housing. One of those housing units, dubbed Poe’s Lofts, will cost around $7 million, per the Construction Journal.
Sunset Harbour is a future multi-story complex in Miami Beach that will feature both residential and commercial space. It will be located on 1733-1759 Purdy Ave. and 1724-1752 Bay Road in Miami, Florida, 33139. Upon completion, the building will be five stories.
