Cortland Riverview is currently undergoing construction in Riverview, Florida. The multifamily housing complex will offer 319 apartments in a four-story building. There are 12 different layout plans to choose from.
As South Florida’s construction boom continues to advance, developers are becoming more and more creative in their product offerings, incorporating notable brands with world-class design from the most renown architectural firms, exclusive amenities, lavish custom interiors from the most prestigious interior design firms, and most importantly – desirable locations with pristine views. In this article, YIMBY will look into four highly awaited, skyline-altering projects expected to break ground in the near future.
Natiivo Miami started construction in February 2021. The $213 million venture is expected to reach completion in the third quarter of 2023. Upon finishing, the 51-story tower will offer 448 condos, ranging from studios to three-bedroom homes.
Hines Global Income Trust (HGIT), an investment arm of global real estate firm Hines, acquired Gables Station, a 14-story multi-family complex designed by Gensler and located at 225 South Dixie Highway in Coral Gables, for $430 million. The development, which completed construction last year, features 495 Life Time Living® residences. This acquisition is the second largest single-asset multifamily sale in South Florida, reaffirming HGIT’s and Hines’ bullish stance on the future of the market. Since the pandemic, Hines has committed approximately $1.8 billion across three prime developments and acquisitions in South Florida. Willowick Residential, Hines’ boutique multifamily property management firm, will assume the role as property manager for the asset.
Preserves at Park Trace is unfolding in Stuart, Florida. The $44.6 million housing development will offer more than 100 single-family units on a 97-acre lot. Options comprise five floorplans, ranging from two-bedroom to five-bedroom options.