Urban Network Capital Group Buys $9M Miami Assemblage for $50M Condo/Hotel Property
Miami, FL-based Urban Network Capital Group has acquired three parcels on 3rd Avenue in Miami’s Brickell neighborhood for $8.5 million and will start construction on Visions at Brickell Station, a $50-million, 354-unit vacation hotel community.
Visions at Brickell Station, described by Urban Network Capital Group as a boutique condo/hotel community, will feature 111 residences ranging from studios to one-bedroom units with absolutely no rental restrictions. Owners can rent it through a booking platform of their choice or participate in a professionally managed hotel program.
When completed in 2025, the eight-story tower will offer wellness-centered amenities such as gym with interactive equipment, rooftop Infinity pool and terrace, on-site restaurant with food and beverage service, front desk check-in, laundry services and bikeshare program.
Peruvian-based V&V Investments, which has eleven portfolio projects FL (Aventura, Coral Gables, Fort Lauderdale, Port Charlotte, Cocoa Village, Orlando and now Miami) worth over $1.5 billion, is among the project’s investors.