The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
The decision was largely driven by the demands of Codina Partner’s newest project Regency Parc, an ultra-luxury residential tower in Coral Gables.
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The eight-story development features 373 luxury rental units and 17,000 square feet of prime ground floor commercial space plus 9,000 square feet of exterior covered retail terrace space.
The acquisition marks the highest land sale in Key Biscayne’s history.
The transformation of Southland Mall into Southplace City Center will introduce more than 5,000 market rate residential units, 500,000 square feet of retail, dining, and entertainment space, a 60,000-square-foot medical center, a 150-key hotel, and extensive green spaces.
The 36,998-square-foot assemblage at 3350 Biscayne Blvd. has existing zoning approvals for a 172-unit high-rise development.
The 47-acre transit-oriented community marks the largest public-private partnership in Miami-Dade County history.
Spanning more than 698,000 total square feet, Rainbow Village will include 310 affordable housing units, almost 12,000 square feet of retail, more than 50,000 square feet of amenity space, and 442 parking spaces.
The sales, announced in mid-January 2025, reflect the growing demand for well-maintained and strategically located apartment communities in both established and emerging markets across the state.
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