Much less than a yr after proposing a 576-device apartment sophisticated in south Miami-Dade County’s Naranja community, Vestcor scooped up the 7.7-acre web site.
Vestcor paid $12.5 million for the assemblage of 7 loads between South Dixie Freeway and the South Miami-Dade Busway, north of Southwest 280th Road in unincorporated Miami-Dade, according to records and actual estate database Vizzda. The deal breaks down to $1.6 million per acre.
An entity led by Bruno and Maritza Ramos of BEA Architects bought the residence, information demonstrate.
Jacksonville-based Vestcor desires to construct two 8-story buildings and two a few-tale structures, in accordance to Vizzda. The firm submitted an software for the challenge, called Ambar Station, in August. The task would involve 5,800 square ft of ground-ground professional room and 846 parking areas.
Founded in 1983 by John Rood, Vestcor develops affordable and workforce housing, as nicely as student and senior living complexes, in accordance to its web-site. Steve Moore is president of Vestcor.
At Ambar Station, 12.5 % of the models will be workforce housing-priced, according to Vestcor’s application submitted to the county.
Developers have homed in on south Miami-Dade with proposals for multifamily initiatives. The region has massive swaths of buildable land that appear at a discounted compared with growth web page costs in Miami’s urban main.
Also in Naranja, Atlantic Pacific Corporations designs to redevelop the Heritage Village II general public housing elaborate on the northeast corner of Southwest 270th Road and Southwest 142nd Avenue with 116 economical apartments.
