Optimum Properties to Launch $120M Expansion of North Miami Beach Apartment Complex
A $120-million expansion of Aliro Apartments, a North Miami Beach multifamily development owned by New Jersey-based Optimum Properties, is expected to break ground in early spring of 2022.
The Aliro Apartments project will include the renovation of five existing buildings that currently total 870 units, an addition of a 516-unit, nine-story building and a 21,200-square-foot amenity building.
FINFROCK will serve as architect, structural engineer, precast concrete manufacturer and general contractor
“With 870 units already occupied, the site poses the challenge of building with minimal disruption to the current residents,” explained FINFROCK president Bill Finfrock. “But with FINFROCK’s unique building solution, most construction will occur off-site at our manufacturing facility so that Aliro residents won’t experience heavy site traffic, inconvenient debris or disruptive construction.”
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.