New Miami Apartment Tower to Target Millennials

July 19, 2016 / admin / 0 Comments / Uncategorized

Developer Moishe Mana recently submitted plans for a new apartment tower in downtown Miami, a first for him in that location. Designed by Zyscovich Architects, the plans call for a 49-story building that will house 328 units, located at 200 North Miami Avenue. The developer has spent over $200 million purchasing properties in both downtown Miami and Miami’s hip Wynwood neighborhood, according to a recent article from The Real Deal.

The proposal, which was submitted to Miami’s Urban Development Review Board for its July 25th meeting, shows that the 322,355-square-foot building would include 23,295 square feet of residential amenities and a 6,550-square-foot lobby with  leasing office.  Parking is not included in the plan. The new apartment tower will include a number of micro units, which Mana has previously hinted at creating. The small, more affordable units are known to attract young professionals who would otherwise be priced-out of the location.

“In Miami, we have these nice condo buildings that are beautiful. But they’re not affordable; they’re out of reach,” Mana Wynwood’s managing director, Dylan Finger, said. “Either Miami’s young professionals have to share an apartment or live in Kendall or live at home or live far away from the urban core.”

Micro units are one solution to that problem.

Amenities for the Flagler St. area apartment building will include an infinity pool, jacuzzi and gym.

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