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Miami New Construction & Proposed Multifamily Projects 4Q20

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Miami New Construction & Proposed Multifamily Projects 4Q20 ID PROPERTY UNITS 7 19 1 Pine Groves 204 29 2 850 Living 230 3 Elan Downtown Doral 383 14 4 The Reserve at the Plaza 174 30 7 MiLa Phase III 486 53 8 Biscayne 112 402 52 9 Gables Station 495 8 10 The One at University City 886 12 12 Palmera 440 54 50 41 13 Avalon Doral 350 51 33 14 Atlantico at Aquabella 245 40 38 23 15 Modera Metro Dadeland Phase II 422 3 13 Total Lease Up 4,717 2 17 Grove Central 288 49 36 19 Vista Lago 288 10 4 22 Altis Ludlam Trail 312 27 17 23 Shoma Village 304 22 9 27 Link at Douglas 312 29 The Pomelo 259 37 30 Villa Solé 187 34 15 33 The Boulevard 283 34 Vox Miami 361 35 SW 136th Street & SW 153rd Avenue 264 36 Altis Little Havana 224 35 37 The Standard 147 38 Springs Town Center 51 40 The Landmark South Phase II 213 41 Vesada 369 42 The Park 92 49 Monte Cassini 120 50 The Corridor South 62 51 640 West 18th Street 91 1 52 Parc Vista at Amelia 106 53 Prestige Waterfront Redevelopment 52 54 Grand at Doral 80 42 Total Under Construction 4,465 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Miami New Construction & Proposed Multifamily Projects 4Q20 6 25 39 48 47 45 ID PROPERTY UNITS 28 5 Lantower River Landing 528 5 21 6 AMLI Midtown Miami 719 11 Waterline Miami River 346 11 31 Total Lease Up 1,593 43 18 46 16 32 16 Downtown 5th 1,042 24 44 18 Caoba Phase II 411 20 The Park on Fifth 330 20 21 Innovation District 250 26 24 The Gallery on the River 160 25 Wynwood Green 189 26 First - Little Havana 196 28 North Tower at Flamingo Point Redevelopment 366 31 Luma at Miami Worldcenter 434 32 Society Biscayne 646 39 Wynwood Square 257 43 Soleste Grand Central 360 44 Grand Station Tower 300 45 No. 17 Residences 192 46 Reflections 138 47 Bella Isla 172 48 Modera Biscayne Bay 296 Total Under Construction 5,739 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Miami New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Pine Groves 13081 SW 242nd Street Princeton FL 33032 Lease-Up 204 Homestead 11/01/2019 12/31/2021 10/19/2020 2 850 Living 850 NW 42nd Avenue Miami FL 33126 Lease-Up 230 Miami - Flagami 04/30/2019 06/30/2021 06/22/2020 3 Elan Downtown Doral 8425 NW 41st Street Doral FL 33166 Lease-Up 383 Doral 06/27/2019 03/31/2021 10/14/2020 4 The Reserve at the Plaza 122 Sevilla Avenue Coral Gables FL 33134 Lease-Up 174 Coral Gables 12/31/2018 03/31/2021 07/23/2020 5 Lantower River Landing 1480 NW North River Drive Miami FL 33125 Lease-Up 528 Miami - Allapattah 12/01/2017 03/31/2021 03/16/2020 6 AMLI Midtown Miami 3000 NE 2nd Avenue Miami FL 33137 Lease-Up 719 Miami - Edgewater 06/30/2018 03/31/2021 03/01/2020 7 MiLa Phase III 20941 San Simeon Way North Miami Beach FL 33179 Lease-Up 486 North Miami Beach 02/28/2019 03/31/2021 01/01/2020 8 Biscayne 112 11200 Biscayne Blvd North Miami FL 33181 Lease-Up 402 North Miami 07/22/2019 02/28/2021 11/16/2020 9 Gables Station 251 South Dixie Hwy Coral Gables FL 33146 Lease-Up 495 Coral Gables 09/01/2018 02/28/2021 10/28/2020 Fontainebleau - 10 The One at University City 740 SW 109th Avenue Miami FL 33174 Lease-Up 886 10/31/2018 02/28/2021 03/01/2020 University Park 11 Waterline Miami River 1001 NW 7th Street Miami FL 33136 Lease-Up 346 Miami - Little Havana 04/01/2019 01/31/2021 10/01/2020 12 Palmera 8400 NW 102nd Avenue Doral FL 33178 Lease-Up 440 Doral 06/20/2018 01/31/2021 06/23/2020 13 Avalon Doral 3940 NW 79th Avenue Doral FL 33166 Lease-Up 350 Doral 01/01/2019 01/31/2021 06/22/2020 14 Atlantico at Aquabella 11181 West 35th Way Hialeah FL 33018 Lease-Up 245 Hialeah 09/30/2019 01/31/2021 05/11/2020 15 Modera Metro Dadeland Phase II 8215 SW 72nd Avenue Miami FL 33143 Lease-Up 422 South Miami 02/01/2018 01/31/2021 10/01/2019 Total Lease-Up 6,310 16 Downtown 5th 500 NE 1st Avenue Miami FL 33132 Under Construction 1,042 Miami - Downtown 12/01/2019 02/28/2023 17 Grove Central 2780 SW 27th Avenue Miami FL 33133 Under Construction 288 Miami - Coconut Grove 11/16/2020 12/31/2022 18 Caoba Phase II 698 NE 1st Avenue Miami FL 33132 Under Construction 411 Miami - Downtown 09/30/2019 11/30/2022 19 Vista Lago 502 NW 207 Street Miami Gardens FL 33169 Under Construction 288 Miami Gardens 12/28/2020 09/30/2022 20 The Park on Fifth 500 Alton Road Miami Beach FL 33139 Under Construction 330 Miami Beach 02/01/2020 07/31/2022 21 Innovation District 1151 NW 1st Place Miami FL 33136 Under Construction 250 Miami - Downtown 09/27/2020 05/31/2022 22 Altis Ludlam Trail 7004 Bird Road Miami FL 33155 Under Construction 312 South Miami 10/17/2020 04/30/2022 23 Shoma Village 435 Hialeah Drive Hialeah FL 33010 Under Construction 304 Hialeah 08/03/2020 03/31/2022 24 The Gallery on the River 401 NW North River Drive Miami FL 33128 Under Construction 160 Miami - Downtown 11/26/2020 03/31/2022 25 Wynwood Green 56 NW 29th Street Miami FL 33127 Under Construction 189 Miami - Wynwood 08/24/2020 02/28/2022 26 First - Little Havana 702 SW 1st Street Miami FL 33130 Under Construction 196 Miami - Little Havana 03/03/2020 01/31/2022 27 Link at Douglas 3060 SW 37th Court Miami FL 33146 Under Construction 312 Miami - Coconut Grove 01/01/2020 01/31/2022 North Tower at Flamingo 28 1504 Bay Road Miami Beach FL 33139 Under Construction 366 Miami Beach 06/13/2020 01/31/2022 Point Redevelopment 29 The Pomelo 19279 NW 27th Avenue Miami Gardens FL 33056 Under Construction 259 Miami Gardens 04/01/2020 01/31/2022 30 Villa Solé 2321 Laguna Circle North Miami FL 33181 Under Construction 187 North Miami 05/30/2020 01/01/2022 31 Luma at Miami Worldcenter 150 NE 7th Street Miami FL 33132 Under Construction 434 Miami - Downtown 09/01/2019 12/31/2021 32 Society Biscayne 400 Biscayne Blvd Miami FL 33132 Under Construction 646 Miami - Downtown 11/01/2019 12/31/2021 33 The Boulevard 5700 Biscayne Blvd Miami FL 33137 Under Construction 283 Miami - Upper East Side 03/01/2020 12/31/2021 34 Vox Miami 5949 Sunset Drive South Miami FL 33143 Under Construction 361 South Miami 03/31/2020 12/31/2021 Source: Yardi Matrix Yardi Source: Miami New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 35 SW 136th Street & SW 153rd Avenue SW 136th Street & SW 153rd Avenue Miami FL 33196 Under Construction 264 Three Lakes 05/20/2020 12/31/2021 36 Altis Little Havana 2100 SW 8th Street Miami FL 33135 Under Construction 224 Miami - Little Havana 01/13/2020 08/31/2021 37 The Standard 1500 Venera Avenue Coral Gables FL 33146 Under Construction 147 Coral Gables 01/01/2020 08/31/2021 38 Springs Town Center 1 Curtiss Pkwy Miami Springs FL 33166 Under Construction 51 Airport 04/07/2020 08/31/2021 39 Wynwood Square 2201 North Miami Avenue Miami FL 33127 Under Construction 257 Miami - Wynwood 11/01/2019 07/31/2021 40 The Landmark South Phase II 6055 NW 105th Court Doral FL 33178 Under Construction 213 Doral 02/02/2020 07/31/2021 41 Vesada 10540 NW 78th Street Doral FL 33178 Under Construction 369 Doral 11/01/2019 07/31/2021 42 The Park 28610 SW 152nd Avenue Homestead FL 33033 Under Construction 92 Homestead 02/20/2020 06/30/2021 43 Soleste Grand Central 777 NW 3rd Avenue Miami FL 33130 Under Construction 360 Miami - Overtown 11/30/2019 04/30/2021 44 Grand Station Tower 40 NW 3rd Street Miami FL 33128 Under Construction 300 Miami - Downtown 12/01/2019 03/31/2021 45 No. 17 Residences 1569 NW 17th Avenue Miami FL 33125 Under Construction 192 Miami - Allapattah 10/22/2019 03/31/2021 46 Reflections 1000 NW 7th Street Miami FL 33136 Under Construction 138 Miami - Little Havana 04/30/2019 01/31/2021 47 Bella Isla 31 Venetian Way Miami Beach FL 33139 Under Construction 172 Miami - Edgewater 08/01/2018 01/31/2021 48 Modera Biscayne Bay 2150 North Bayshore Drive Miami FL 33137 Under Construction 296 Miami - Edgewater 08/31/2019 01/31/2021 49 Monte Cassini 3900 NW 7th Street Miami FL 33126 Under Construction 120 Miami - Flagami 01/31/2019 01/31/2021 50 The Corridor South 760 NE 85th Street Miami FL 33138 Under Construction 62 Miami - Upper East Side 04/01/2019 01/31/2021 51 640 West 18th Street 640 West 18th Street Hialeah FL 33010 Under Construction 91 Hialeah 07/31/2019 01/31/2021 52 Parc Vista at Amelia 7755 West 4th Avenue Hialeah FL 33014 Under Construction 106 Hialeah 09/30/2019 01/31/2021 53 Prestige Waterfront Redevelopment 13150 Memorial Hwy Miami FL 33161 Under Construction 52 North Miami 12/31/2018 01/31/2021 54 Grand at Doral 10950 NW 82nd Street Doral FL 33178 Under Construction 80 Doral 08/31/2019 01/31/2021 Total Under Construction 10,204 TOTAL MIAMI 16,514 Source: Yardi Matrix Yardi Source: © 2020 Berkadia Real Estate Advisors LLC.
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