Ocean Bank Provides $43.3 Million For Hialeah Transit-Oriented Development
The 8-story development is set for completion in early 2028.
The 8-story development is set for completion in early 2028.
The 13-story development will include 83 residences between the Atlantic Ocean and the Intracoastal Waterway, with homes starting at $2.5 million.
The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
The 117-unit community is a rarity for any new development in or around Coral Gables, with most residences priced under $1 million.
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The asset, which consists entirely of two-bedroom/two-bathroom units that average 916 square feet, traded for $23 million, or $198,276 per unit.
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In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
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The project will deliver 384 apartment residences totaling approximately 391,747 square feet featuring structured parking and an extensive suite of lifestyle-focused, state-of-the-art amenities.
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