Developer Trio Teaming Up on 1,141-Unit Miami-Area Apartment Project

A development team is ready to start building 1,141 new apartments at the Palmetto Metrorail Station in Medley. The transit-oriented development will be built on leased land owned by Miami-Dade County. The property is slated to go on 18.3 acres at 7701 N.W. 79th Ave.

The S. Florida Business Journal reports the development team is Unicapital Asset Management Group, GLC Real Estate, and Desarrollo Florida, led by Alex Lastra.

The design features 1,141 apartments in three phases, 7,000 square feet of retail and 1,742 parking spaces. The entire project would provide workforce housing for individuals earning up to 120% of the area’s median income.

The first phase of the project would have 440 units in eight stories, the second phase would have 489 units in eight stories and the third would have 212 units in 12 stories. The project will also include improvements to the Metrorail Station.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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