Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
1,000 Units Okayed in River Rapids
The Miami Urban Development Review Board approved ROVR Development’s proposal to build 1,000 multifamily community units in Miami’s River Rapids neighborhood. The company paid $23.5 million for a six-acre site that was a self-storage facility. ROVR expects to redevelop the property and start construction in Q3 2025.
The company already has 593 units under construction nearby. ROVR’s projects pencil out to a $750 million investment. Anillo Toledo Lopez is the architect.
ROVR plans call for building two 12-story buildings (330 units apiece) and one 15-story building (340 units). The apartments will range in size from 520 to 1,250 square feet.
The project’s amenities will include a swimming pool, gym, business center and club room, as well as a seven-story, 1,318-space parking garage.
Located at 1701-1851 Delaware Parkway, the project’s site is within walking distance of the Miami River. Palmer Lake and Grapeland Water Park are less than 2 miles away. Downtown Miami and Miami International Airport are within 5 miles of the development.
- ◦Development
