Miami New Construction & Proposed Multifamily Projects 1Q20
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Miami New Construction & Proposed Multifamily Projects 1Q20 39 ID PROPERTY UNITS 2 Gio Midtown 447 3 Miami Plaza 425 4 AMLI Midtown Miami 719 6 Residences at THesis, The 204 2 9 Park - Line Miami 816 4 10 MB Station 190 11 Soleste Alameda 310 31 13 Henry, The 120 38 14 Lantower River Landing 507 50 17 District West Gables Phase II 221 37 3 Total Lease Up 3,959 Jungle Island 14 26 36 18 Downtown 5th 1,042 20 9 18 Bayside Marketplace 33 51 19 Brickell CityCentre 588 56 21 25 20 Soleste Grand Central 360 27 21 X Biscayne 646 22 22 First - Little Havana 196 23 Link at Douglas 312 49 19 29 25 Grand Station Tower 300 11 26 Luma at Miami Worldcenter 434 27 Wave, The 337 29 Altis Little Havana 224 31 Wynwood Square 257 17 33 Century Parc Place 230 10 36 Miami River Walk 346 40 37 No. 17 Residences Allapattah 192 38 Modera Biscayne Bay 296 55 39 Boulevard, The 283 Miami Seaquarium 40 Reserve at the Plaza, The 174 13 23 48 Gables Station 450 48 49 Megacenter Brickell 57 50 Belle Isle Key 172 51 Reflections 138 Cradon Golf 55 Cassa Grove 130 at Key Biscayne 56 Monte Cassini 100 Temporarily closed Total Under Construction 7,264 6 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Miami New Construction & Proposed Multifamily Projects 1Q20 8 24 34 15 53 45 35 54 52 41 32 43 ID PROPERTY UNITS 44 1 One at University City, The 886 42 5 Mareas at Botanica 408 47 46 7 275 Fontaine Parc 133 8 MiLa Phase III 486 12 Soleste Bay Village 200 7 15 Las Vistas at Amelia 174 1 16 Modera Metro Dadeland Phase II 422 Miami Seaquarium Total Lease Up 2,709 24 Center at Miami Gardens 259 30 28 Pine Groves Village 204 30 Standard at Coral Gables, The 147 16 32 10500 NW 78th Street 369 34 11055 West 36th Avenue 245 35 Biscayne 112 402 41 Pura Vida Hialeah 260 42 Elan at Downtown Doral South 383 43 MiMo Bay 237 5 44 640 West 18th Street 92 12 45 Parc Vista at Amelia 106 46 Avalon Doral 350 47 Sanctuary Doral 226 52 Corridor, The Phase III 62 53 Prestige Waterfront Redevelopment 51 28 54 Grand Doral 80 Total Under Construction 3,473 2 mi 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 One at University City, The 740 SW 109th Avenue Miami FL 33174 Lease-Up 886 Fontainebleau - 10/31/2018 12/31/2020 03/01/2020 University Park 2 Gio Midtown 3101 NE 1st Avenue Miami FL 33137 Lease-Up 447 Miami - Wynwood 02/28/2018 11/30/2020 01/28/2020 3 Miami Plaza 1500 NE Miami Place Miami FL 33132 Lease-Up 425 Miami - Edgewater 04/02/2019 09/30/2020 02/01/2020 4 AMLI Midtown Miami 3000 NE 2nd Avenue Miami FL 33137 Lease-Up 719 Miami - Edgewater 06/30/2018 08/31/2020 03/01/2020 5 Mareas at Botanica 15520 SW 127th Avenue Miami FL 33177 Lease-Up 408 Three Lakes 08/01/2018 08/31/2020 11/27/2019 6 Residences at THesis, The 1340 South Dixie Hwy Coral Gables FL 33134 Lease-Up 204 Coral Gables 03/31/2018 07/31/2020 12/25/2019 7 275 Fontaine Parc 275 Fontainebleau Blvd Miami FL 33172 Lease-Up 133 Fontainebleau - 03/31/2019 06/30/2020 03/01/2020 University Park 8 MiLa Phase III 20941 San Simeon Way Miami FL 33179 Lease-Up 486 North Miami Beach 02/28/2019 06/30/2020 01/01/2020 9 Park - Line Miami 100 NW 6th Street Miami FL 33128 Lease-Up 816 Miami - Downtown 08/01/2017 05/31/2020 03/01/2020 10 MB Station 3170 Coral Way Miami FL 33145 Lease-Up 190 Miami - Coral Way 12/31/2017 05/31/2020 03/01/2020 11 Soleste Alameda 6320 SW 8th Street West Miami FL 33144 Lease-Up 310 Miami - Flagami 08/01/2018 05/31/2020 03/01/2020 12 Soleste Bay Village 18301 South Dixie Hwy Miami FL 33157 Lease-Up 200 Kendall 08/31/2018 05/31/2020 03/01/2020 13 Henry, The 4131 Laguna Street Coral Gables FL 33146 Lease-Up 120 Coral Gables 06/30/2018 05/31/2020 02/01/2020 14 Lantower River Landing 1480 NW North River Drive Miami FL 33125 Lease-Up 507 Miami - Allapattah 12/01/2017 05/31/2020 01/01/2020 15 Las Vistas at Amelia 7945 West 2nd Court Hialeah FL 33014 Lease-Up 174 Hialeah 02/01/2018 05/31/2020 11/30/2019 16 Modera Metro Dadeland Phase II 8215 SW 72nd Avenue Miami FL 33143 Lease-Up 422 South Miami 02/01/2018 05/31/2020 10/01/2019 17 District West Gables Phase II 2101 SW 67th Avenue Miami FL 33155 Lease-Up 221 South Miami 02/01/2016 05/31/2020 09/30/2017 Total Lease-Up 6,668 18 Downtown 5th 501 North Miami Avenue Miami FL 33136 Under Construction 1,042 Miami - Downtown 12/01/2019 02/28/2023 19 Brickell CityCentre 701 South Miami Avenue Miami FL 33131 Under Construction 588 Miami - Downtown 03/31/2020 12/31/2022 20 Soleste Grand Central 218 NW 8th Street Miami FL 33136 Under Construction 360 Miami - Overtown 01/15/2020 05/31/2022 21 X Biscayne 400 Biscayne Blvd Miami FL 33132 Under Construction 646 Miami - Downtown 11/01/2019 01/31/2022 22 First - Little Havana SW 1st Street & SW 7th Avenue Miami FL 33130 Under Construction 196 Miami - Little Havana 04/01/2020 01/31/2022 23 Link at Douglas 3060 SW 37th Court Miami FL 33146 Under Construction 312 Miami - Coconut Grove 01/01/2020 01/31/2022 24 Center at Miami Gardens 19279 NW 27th Avenue Miami Gardens FL 33056 Under Construction 259 Miami Gardens 04/01/2020 01/31/2022 25 Grand Station Tower 40 NW 3rd Street Miami FL 33128 Under Construction 300 Miami - Downtown 12/01/2019 12/31/2021 26 Luma at Miami Worldcenter 150 NE 7th Street Miami FL 33132 Under Construction 434 Miami - Downtown 09/01/2019 12/31/2021 27 Wave, The 600 Alton Road Miami Beach FL 33139 Under Construction 337 Miami Beach 02/01/2020 12/31/2021 28 Pine Groves Village 24101 South Dixie Hwy Homestead FL 33032 Under Construction 204 Homestead 11/01/2019 12/31/2021 29 Altis Little Havana 2100 SW 8th Street Miami FL 33135 Under Construction 224 Miami - Little Havana 01/13/2020 08/31/2021 30 Standard at Coral Gables, The 1500 Venera Avenue Coral Gables FL 33146 Under Construction 147 Coral Gables 01/01/2020 08/31/2021 31 Wynwood Square 2201 North Miami Avenue Miami FL 33127 Under Construction 257 Miami - Wynwood 11/01/2019 07/31/2021 32 10500 NW 78th Street 10500 NW 78th Street Doral FL 33178 Under Construction 369 Doral 11/01/2019 07/31/2021 33 Century Parc Place 850 NW 42nd Avenue Miami FL 33126 Under Construction 230 Miami - Flagami 04/30/2019 06/30/2021 34 11055 West 36th Avenue 11055 West 36th Avenue Hialeah FL 33018 Under Construction 245 Hialeah 09/30/2019 02/28/2021 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 Biscayne 112 11200 Biscayne Blvd North Miami FL 33181 Under Construction 402 North Miami 07/22/2019 02/28/2021 36 Miami River Walk 1001 NW 7th Street Miami FL 33136 Under Construction 346 Miami - Little Havana 04/01/2019 01/31/2021 37 No. 17 Residences Allapattah 1569 NW 17th Avenue Miami FL 33125 Under Construction 192 Miami - Allapattah 10/22/2019 01/31/2021 38 Modera Biscayne Bay 412 NE 22nd Street Miami FL 33137 Under Construction 296 Miami - Edgewater 08/31/2019 01/31/2021 39 Boulevard, The 5700 Biscayne Blvd Miami FL 33137 Under Construction 283 Miami - Upper East Side 03/01/2020 01/31/2021 40 Reserve at the Plaza, The 122 Sevilla Avenue Coral Gables FL 33134 Under Construction 174 Coral Gables 12/31/2018 01/31/2021 41 Pura Vida Hialeah 2901 West 16th Avenue Hialeah FL 33012 Under Construction 260 Hialeah 12/01/2019 01/31/2021 42 Elan at Downtown Doral South 8425 NW 41st Street Doral FL 33178 Under Construction 383 Doral 06/27/2019 01/31/2021 43 MiMo Bay 6445 NE 7th Avenue Miami FL 33138 Under Construction 237 Miami - Upper East Side 04/01/2019 12/31/2020 44 640 West 18th Street 640 West 18th Street Hialeah FL 33010 Under Construction 92 Hialeah 07/31/2019 12/31/2020 45 Parc Vista at Amelia 7755 West 4th Avenue Hialeah FL 33014 Under Construction 106 Hialeah 09/30/2019 12/31/2020 46 Avalon Doral 3940 NW 79th Avenue Doral FL 33166 Under Construction 350 Doral 01/01/2019 12/31/2020 47 Sanctuary Doral 9400 NW 41st Street Doral FL 33178 Under Construction 226 Doral 04/01/2019 12/31/2020 48 Gables Station 251 South Dixie Hwy Coral Gables FL 33133 Under Construction 450 Coral Gables 09/01/2018 11/30/2020 49 Megacenter Brickell 420 SW 7th Street Miami FL 33130 Under Construction 57 Miami - Little Havana 10/01/2018 09/30/2020 50 Belle Isle Key 31 Venetian Cswy Miami Beach FL 33139 Under Construction 172 Miami - Edgewater 08/01/2018 09/30/2020 51 Reflections 1000 NW 7th Street Miami FL 33136 Under Construction 138 Miami - Little Havana 04/30/2019 06/30/2020 52 Corridor, The Phase III 760 NE 85th Street Miami FL 33138 Under Construction 62 Miami - Upper East Side 04/01/2019 06/30/2020 53 Prestige Waterfront Redevelopment 13150 Memorial Hwy Miami FL 33161 Under Construction 51 North Miami 12/31/2018 06/30/2020 54 Grand Doral 10950 NW 82nd Street Doral FL 33178 Under Construction 80 Doral 06/30/2019 06/30/2020 55 Cassa Grove 2900 SW 28th Lane Miami FL 33133 Under Construction 130 Miami - Coconut Grove 02/01/2018 05/31/2020 56 Monte Cassini 3900 NW 7th Street Miami FL 33126 Under Construction 100 Miami - Flagami 01/31/2019 05/31/2020 Total Under Construction 10,737 TOTAL MIAMI 17,405 Source: Yardi Matrix Yardi Source: © 2020 Berkadia Real Estate Advisors LLC.