Construction on Vista Hills Apartments could start soon. The complex, resting on a 16.61-acre build site, would offer about 320 units. GrowthSpotter notes that homes will range from one-bedroom to three-bedroom layout plans.
General Contractor ANF Group has broken ground on Sol Vista, an 8-story senior living community located at 11251 Caribbean Boulevard in Cutler Bay, Miami-Dade County. Designed by Burgos Lanza & Associates and developed by MRK Partners and Cypress Equity Investments, this 227-unit affordable housing development will offer apartments reserved for those aged 62 and older and those earning no more than 60% of the Area Median Income (AMI) or approximately $40,980 for one-person households and $46,800 for two-person households. The project is scheduled for completion in mid-2024.
Sources report that construction’s expected to start on Le Park 27 in June 2023. At the time of publication, the venture was in its early planning stages. However, the development aims to alleviate the housing crisis in Miami-Dade County.
Miami-based Terra and AB Asset Management have secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit residential building planned at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing provided by the City National Bank of Florida and KS Finance Corporation will fund preliminary demolition and site work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.
Twenty-Nine Indian Creek is a seven-story luxury residential development planned for Miami Beach’s Faena District. It will offer 11 boutique residences, including one penthouse, eight standard units, and two townhomes.
