Santander Backs $88M Loan For New Apartments Near Aventura Mall
The tower will encompass 354,238 square feet, featuring 334 apartments with 34 units reserved for workforce housing.
The tower will encompass 354,238 square feet, featuring 334 apartments with 34 units reserved for workforce housing.
The development site spans 4.2 acres.
The appointment comes as Florida’s housing shortage reaches critical levels, with Miami-Dade County alone projected to need over 160,000 additional affordable units over the next decade.
Both professionals will report to Chris Drew, Senior Managing Director and Miami Office Head.
The proposed two-phase, mixed-use development will span more than three acres along Biscayne Bay.
South Pointe spans 7.84 acres and features 179 apartment units and 17,063 square feet of ground-floor retail space across three four-story buildings.
The college will consolidate its operations into a new 30,000-square-foot facility within the reimagined mixed-use development.
The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom residences.
This development is part of a strategic expansion of MMG’s portfolio into the residential sector. Widely regarded for its success in retail real estate, MMG is leveraging its expertise to create environments that seamlessly integrate commercial and residential uses.
The six-parcel assemblage forms a contiguous development site located in Miami’s Arts & Entertainment District. and is one of the last collections of undeveloped parcels in Miami’s urban core.
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