Palm Avenue Lofts Slated for Construction at 1201 Palm Avenue, Hialeah, FL, 33025
Palm Avenue Lofts is the third piece of the puzzle in Prestige Builders Group’s latest initiative to provide workforce housing to those living in Hialeah, FL.
Palm Avenue Lofts is the third piece of the puzzle in Prestige Builders Group’s latest initiative to provide workforce housing to those living in Hialeah, FL.
Aria Development Group has unveiled plans and renderings for their upcoming 40-story tower officially named 501 First Residences in Downtown Miami. Designed by renown architect Revuelta Architecture International with interiors by Shim Projects, the development is located at 501 Northeast 1st Avenue, at the south-western corner of the interior lot with frontage along NE. 1st Ave. facing west, and NE. 5th St. facing south. The tower is expected to yield 448 fully furnished luxury residential units.
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.
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.
Skygarden Apartments, which will provide housing in the North Miami Beach area, is scheduled to start construction in September 2021. Contractors will break ground on the development once the project completes its sub-bidding phase, which hopefully will conclude in June 2021.