Houselab Realty’s $44.9M Portfolio Listing Marks Entry Into Commercial Sector
The portfolio of 96 properties includes rental apartments, single-family homes, an office condo unit and a developable site zoned for a three-story rental building.
The portfolio of 96 properties includes rental apartments, single-family homes, an office condo unit and a developable site zoned for a three-story rental building.
The project includes 663 units located at the entire block that includes 901 E 26th Street.
The site is expected to complete and obtain master permitting within four months.
Crescent Heights is developing the project, which will comprise 588 apartments in studio, one-, two-and three-bedroom layouts, as well as ground-floor retail space, including a 42,030-square-foot Whole Foods Market store.
He brings significant development management experience, having previously worked for top firms like Stiles Residential Group and The Morgan Group.
The construction of the project has commenced with an estimated completion in December 2024.
Colliers South Florida Vice President Virgilio Fernandez represented the buyer and seller in the sales transaction.
Procacci has owned the land since at least 2013.
Groundbreaking on the project will begin in the third quarter of 2024, with a scheduled completion date at the end of 2025.
The project consists of 156 rental apartments located in Miami’s Health District.
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