The Calta Group Completes Allapattah Assemblage Acquisition For New Transit-Oriented Project
The seventh and final 15,000-square-foot parcel located at 1469 NW 13 Terrace closed this week.
The seventh and final 15,000-square-foot parcel located at 1469 NW 13 Terrace closed this week.
The newly completed transit-oriented development includes mixed income apartments and neighborhood retail along the Miami-Dade Metrorail corridor at the entrance to Coconut Grove.
The development’s retail and office space are 100% leased ahead of its planned opening this summer.
The property features a full block’s frontage on Biscayne Boulevard between 25th and 26th streets.
The first phase of the affordable/workforce apartment community will deliver 120 apartments catered to seniors in Leisure City of southern Miami-Dade.
Proposed changes are under consideration that would smooth out ambiguities in the law that have been used to push back on proposals as well as tighten rules around project heights and the types of sites that qualify under its provisions.
Grove Central, located at the intersection of US-1 and SW 27th Avenue, includes a 23-story residential tower with 402 multifamily, workforce and co-living units, a new 1,250-space public parking garage, and approximately 170,000 square feet of neighborhood retail.
The project consists of 244 one- and two-bedroom units dedicated to affordable and workforce housing. Among these, 40 percent cater to low-income seniors, while the remainder is allocated to residents earning up to 120 percent of the area’s median income.
The wellness-forward condo-hotel project is more than 50 percent sold, with this milestone paving the way for a 2025 delivery in Miami’s Brickell neighborhood.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
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