Some big-name developers have big plans for the HUB Miami, a mixed-use development located in Miami-Dade County. The 41-story tower will offer residences, office space, and retail ventures. Construction’s anticipated to start in the first quarter of 2024, with completion expected to happen more than two years later.
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.
Our sources point to an exciting venture proposed for Miami’s Model City. Enter the Valley at 22nd, an eight-story apartment complex hosting 67 apartments. The one-bedroom to three-bedroom units would span from 550 to 1,070 square feet each.
Lincoln Gardens, a $41.2 million affordable housing development, is still unfolding in Miami’s Brownsville neighborhood. Per the venture’s website, the three-phase community unveiled the first portion in 2022, offering 134 garden-style apartments and eight rental townhomes.
Serenity Liberty Square is getting the fourth of its nine phases. Our sources indicate that the addition will comprise 193 mixed-income housing units, reserved for those making 30 percent to 80 percent of the area median income (AMI).
