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Large Cold Storage Facility Coming To Allapattah

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Boston-based real estate investment firm Longpoint Realty Partners and Vivo Real Estate Group announced that construction has begun on Point 27th, a 107,632-square-foot cold storage warehouse located at 2260 N.W. 27th Ave. in Allapattah.

The facility will include high-efficiency refrigeration systems, a glycol system, 37 dock-height doors, two ramps, 35-foot clear ceilings, a private 120-foot truck court, and 2,700 square feet of flexible office space.

Longpoint and Vivo will jointly build the project. In August 2022, a Longpoint subsidiary paid $16 million for the development site, a 6-acre former trailer park.


Source:  SFBJ


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River District Condo Near Miami’s Allapattah Nabs $68 Million Loan

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Alta Developer obtained a $68 million construction loan to commence construction on a condo near the Miami River.

Boynton Beach-based Forman Capital provided the mortgage to the Miami-based developer, led by Principal Henry Pino. It covers the River District 14 project on the 1.26-acre site at 1451 N.W. 14th St. It is located within Allapattah, near the new River Landings retail, apartment and office center. Pino calls this section of the area the River District because the Miami River is a block away.

Site work on River District 14 will start in two weeks and it will go vertical in August. The general contractor is Doral-based Jaxi Builders. Pino said it will be completed in the first quarter of 2026. The 16-story project will have 283 units, all of them fully furnished. They will average 725 square feet with a starting price of $475,000. The developer will permit short-term rentals, like roughly half of the new condo developments in Miami.


Source:  SFBJ

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Neology Development’s ‘The Julia’ Residences In Allapattah Receives TCO

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The Julia Residences, a $100 million, 14-story residential tower developed by Neology Life Development Group, announced the receipt of a Temporary Certificate of Occupancy (TCO) for its 323 upscale one- and two-bedroom apartments in Miami’s Allapattah neighborhood.

Residents of The Julia will enjoy an array of amenities, including its signature ninth-floor “Sunset Sky Lounge” with a resort-style pool deck, shaded gardens, cabanas, an indoor/outdoor club lounge, a wellness center, and a starlight dining terrace. The property also features private co-working areas, a dog spa, a children’s play area, high-speed fiber optics, and 13,000 square feet of street-level retail space.

“We are excited to announce The Julia Residences has received TCO,” said Lissette Calderon, Founder and CEO of Neology Life Development Group. “This milestone marks the culmination of years of hard work and dedication to creating a distinctive living experience that embodies the spirit and energy of Miami and it’s founder Julia Tuttle. The Julia Residences is a tribute to the significant role women have played in shaping Miami.”

Despite its scale and complexity, The Julia Residences was completed expeditiously, showcasing Neology’s commitment to delivering high-quality developments efficiently. This achievement underscores the company’s dedication to providing attainable luxury living while meeting Miami’s evolving housing needs within a dynamic urban landscape.

“We are very excited to be leading the residential transformation of Allapattah – helping meet the demand for housing while being able to deliver quality and access to professionals that want to live, work, and play within close proximity to the health district, downtown Miami and so many great Miami venues,” added Calderon. “Our three developments in the heart of Allapattah perfectly embody this vision.”

Located at 1625 NW 20th Street, just blocks west of the main entrance to Jackson Memorial Hospital and the new Transplant Institute, The Julia is positioned in the heart of Allapattah, a historic neighborhood bordering Wynwood and home to elite cultural institutions such as the Rubell Museum and Superblue. Allapattah has rapidly emerged as one of Miami’s most coveted neighborhoods, with a burgeoning scene of new businesses, restaurants, and entertainment venues.

Inspired by Miami’s original real estate visionary, American businesswoman Julia Tuttle, The Julia embraces a “tropics-meets-metropolis” aesthetic, combining elements of Art Deco with 1950s-style glam.  The pet-friendly property features floor-to-ceiling windows, 9-12 foot ceilings, walk-in closets, and balconies in every unit. Each apartment is equipped with energy-efficient stainless-steel appliances, quartz countertops, European-inspired kitchen cabinetry, and in-unit washer and dryers.

As with Neology’s prior buildings, the general contractor for The Julia is JAXI Builders, Inc.; the architect is Behar Font Architects; interior design is by designBAR; and Witkin Hultz Design is the landscape architect.

The Julia’s central location offers convenient walking access to, the Civic Center Metrorail Station, the University of Miami Health System, Jackson Memorial Hospital, and Miami-Dade College Medical Center.  It is also a short distance from Brickell and Downtown, home to major employers, dining, shopping, and popular attractions such as Marlins Park, Kesaya Center, and the Adrienne Arsht Center for the Performing Arts.

Neology also anticipates achieving TCO for Fourteen Allapattah Residences, its third apartment community in the district, by Q3 of 2024. Neology’s current ownership portfolio consists of 1,000+ apartments recently built or under construction in Miami’s urban core, with another 1,600 apartment units in the permitting or predevelopment phase and a pipeline of 2,000 additional units in South Florida and beyond.


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Indoor Soccer And Padel Facility Planned Near Allapattah Transit Station

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An indoor soccer and padel facility in Miami’s Allapattah neighborhood has been proposed.

A pre-application was submitted to Miami-Dade County officials by Soccer Madness LLC, which is run by Pedro Manuel Dominguez in Miami, regarding the 1.34-acre property located at 1089 and 1069 NW 20th St., as well as 1068 and 1098 NW 21st St. It now contains a parking area and a 20,392-square-foot warehouse that was built in 1965.

Allahold 1089 LLC, under the management of Miami-based Deco Capital, is the owner of the land.

The proposal was submitted in accordance with the county’s Rapid Transit Zone regulations, which permit increased density and a reduction in parking, because the property is located a few streets east of the Santa Clara Metrorail Station.

The building would have two floors, 21,790 square feet, and 665 occupancy units under the project. Two 55-by-81-foot soccer fields, laser tag, a restaurant, a small office, a kids’ play area, party rooms, and video games would all be located within. There would be four padel courts and an 89-by-148-foot soccer court outside.

With only 37 parking spaces, the company would need a large number of customers who would use bikes, ride-sharing, or public transportation.


Source:  SFBJ

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Miami’s New Julia Apartments Aim At Young Professionals In Emerging Allapattah

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“The building was designed from the perspective of a woman,” said Lissette Calderon, the CEO of Neology Development Group, as she walked through a corner unit at The Julia, her newest multifamily property in Miami. “Or at least, what I look for in apartments.”

The 323-unit Julia is named after Julia Tuttle, the only woman to have founded a major American city. In the late 1800s, the property owner convinced oil magnate Henry Flagler to extend his rail line to the Miami River, which laid the groundwork for the modern metropolis that would become Miami.

Calderon is somewhat of a maverick, too. A first-generation American and the daughter of a maid, she founded Neology Development Group at age 28. In 2004, the Miami native completed her first development, the 20-story Neo Lofts condo complex along the Miami River.

After years of developing condos, Calderon noticed a gap in the rental market for young professionals, much like herself. That demographic wanted — and still wants — to live in amenitized apartments at reasonable prices near their workplaces, but could not yet afford glitzy neighborhoods such as Brickell and South Beach.

So in 2017, Calderon moved on to Allapatah, an industrial district that’s home to two major hospitals and the Rubell Museum, buttressed by Wynwood and Downtown Miami.

“It’s the belly button of the city, and it was the last authentic neighborhood that had yet to be reimagined,” the developer explained. 

While the types of projects that Neology develops have been criticized for gentrifying neighborhoods, Calderon contends that she’s not pushing residents out. The Julia’s 1.6-acre site previously held a cold-storage facility, and another development parcel was home to a pawn shop.

The Julia, Neology’s third Allapattah project, is scheduled to open this month with rents starting at $2,000 a month. With sweeping views of Sunny Isles Beach, Downtown Miami and Coral Gables, the 14-story property pays homage to Tuttle in its design. The orange-colored cabanas commemorate the oranges that Tuttle sent to Flagler to entice him to build farther south. The large black and white tiles in the lobby and pool deck were a popular design feature during Tuttle’s time.

“In the same way that Neo Lofts is the embodiment of the American dream, I hope The Julia is the embodiment for every little girl with big dreams,” Calderon said.

And, much like the American dream and women’s rights, movements that have at times prospered and stagnated, the area surrounding The Julia is still a work in progress.

But with Wynwood and Downtown Miami nearby, as well as the Rubell Museum, hospitals, and brand new buildings with rents starting at $2,000 per month it will not be a work in progress for long.


Source:  Commercial Observer

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Calta Completes Allapattah Assemblage Slated For Mixed-Use Project

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Calta Group purchased a 0.3-acre office property in Allapattah that completes an assemblage for Revv at the River District, a planned mixed-use project featuring workforce housing.

The Coral Gables-based developer is in the midst of a $47.2 million buying binge in Allapattah with plans to build four new projects. The firm’s latest acquisition, a $7.2 million purchase of a seven-story building at 1469 Northwest 13th Terrace, will be coupled with another 0.7-acre adjacent site for Calta’s first planned project.

Miami-based Benworth Capital provided Calta with a $9.4 million cross-collateralized loan for the acquisition, records and Vizzda show.

The property’s seller, an entity controlled by Miami-based Alisa Capital managing partner Arturo Siso, paid $5.9 million in 2012.


Source:  The Real Deal

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‘The Julia Residences’ Open For Pre-Leasing In Miami’s Newest Art District

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Neology Development, led by Lissette Calderon, has begun pre-leasing for its residential mixed-use apartment complex, “The Julia Residences.”

The stunning $100 million, new 14-story residential tower, characterized by artistic design, is set to grace Miami’s Allapattah neighborhood, with completion expected in the 1st quarter of 2024.

The Julia offers a unique opportunity for individuals looking to live, work, and play in Miami, with a unique market value proposition. One-bedrooms rent as low as $1,765, and two-bedrooms start at $2,411 per month.  Residents who apply now can take advantage of promotional pricing that offers two months free. With the exclusive pre-leasing offerings, prospective tenants can secure a new apartment in Miami’s trendiest community at an excellent price point.

“We are thrilled to announce that we are now pre-leasing for The Julia, inviting art enthusiasts and professionals alike to embrace unique living experiences, modern amenities, and breathtaking views of Miami’s city skyline,” said Lissette Calderon, President and CEO of Neology. “With the soaring demand for high-quality housing in the area, we are eager to introduce this exceptional community priced within reach to renters seeking proximity to work, renowned art galleries, and the cultural heartbeat of Miami. The value proposition we’re offering for living in Miami is unmatched, and that truly sets The Julia apart from any other option available.”

Comprising 323 carefully curated one- and two-bedroom apartments, The Julia is located at 1625 NW 20th Street, in the heart of Allapattah —a historic neighborhood bordering Wynwood and Miami’s Health District. Recognized nationally for its museums, galleries (including the Rubell Museum and Superblue), cultural institutions, new businesses, and vibrant nightlife, Allapattah has emerged as one of Miami’s most desired areas.

Inspired by the visionary Julia Tuttle, The Julia embraces a “tropics-meets-metropolis” aesthetic, blending Art Deco with 1950s-style glam. Offering one-of-a-kind living experiences at an attainable price point, the pet-friendly property features a mix of one- and two-bedroom apartments ranging from 600 to 1,000 square feet.



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New York Developer Secures $18M Construction Loan For Allapattah Project

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An $18.3 million construction loan was obtained by New York-based Knickpoint Ventures for a self-storage facility located in Miami’s Allapattah district.

KV 36th Street Storage LLC received the mortgage from Bank Hapoalim B.M., an Israeli bank with a branch in New York, through Knickpoint Ventures. It encompasses the 1.08-acre property located a few streets south of State Road 112/Airport Expressway, at 2915 and 2925 N.W. 36th St.

The land for a 140,623-square-foot self-storage facility was approved by the city.

In 2022, the developer paid $4.6 million for the site. There used to be a car dealership there.

On its website, Knickpoint Ventures claims to have 15 self-storage locations in Miami and New York. It also makes investments in offices, shops, and housing.


Source:  SFBJ

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Calta Plans $47M In Allapattah Dev Site Purchases For Workforce Housing

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The Calta Group is targeting workforce-priced housing in Miami’s Allapattah neighborhood.

The Coral Gables-based firm plans roughly $47.2 million in purchases for development sites in Allapattah, where it wants to build multifamily projects with workforce units in two parts of the neighborhood, company co-founder Gaetano Caltagirone told The Real Deal.

For the first two phases, Calta is homing in on an Allapattah area that’s north of the completed River Landing Shops & Residences mixed-use complex.

Last week, Calta advanced its plan, paying $10 million for the first chunk of its phase one assemblage. The firm bought five adjacent lots at 1415, 1433, 1435 and 1453 Northwest 13th Terrace, as well as at 1410 Northwest 14th Street. Calta will complete this assemblage with a $7.2 million purchase of the adjacent lot at 1469 Northwest 13th Terrace, according to Caltagirone. That deal, expected to close in late January, would give Calta an acre of developable land for phase one of the project on the southwest corner of Northwest 14th Street and Northwest 13th Terrace.

Records show an entity led by a trust tied to members of the Enis family sold the five lots, which consist of two vacant sites, a one-story office building and a pair of low-rise apartment buildings with eight units combined.

The lot at 1469 Northwest 13th Terrace is owned by an entity led by Arturo Siso, managing partner at Miami-based real estate private equity firm Ailsa Capital, according to records. The site now has a seven-story office building.

For phase two, Calta plans to pay another $10 million for a pair of lots that are near the phase one assemblage. The deal is expected to close in March.

Phases one and two would consist of a pair of mid-rise buildings with mixed-income apartments, including workforce-priced units, as well as offices and retail, Caltagirone said. He declined to provide specifics on the unit count, building heights and amount of commercial space.

Farther north in Allapattah, Calta is planning phases three and four of its project near Juan Pablo Duarte Park. The firm expects to close on $20 million in development site purchases near Northwest 28th Street in January. Caltagirone also declined to identify the specific parcels and project details, though he allowed that this project would be a mid-rise multifamily development.

South Florida’s multifamily market has left many longtime locals priced out, after an influx of out-of-state residents pushed up rents to unprecedented levels.

Calta’s project would address the need for more below-market apartments, especially for students and employees at the Civic Center and Health District areas that are near Allapattah, said Caltagirone, who leads the firm with his brother, Ignazio Caltagirone.


Source:  The Real Deal

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Developer Plans Nearly 900-Unit Workforce Housing Project Near Allapattah


Developer and investor Vivian Dimond took over a land lease near Allapattah where she plans a nearly 900-unit workforce housing project.

Dimond, a principal at the Coconut Grove-based private equity firm Bayshore Grove Capital, said the project will cost an estimated $175 million to develop. It’s expected to include two 15-story buildings constructed next to the Earlington Metrorail Station at 2100 Northwest 41st Street in Miami’s Model City, on the northern border of Allapattah.

Dimond’s Earlington Metro LLC paid $9 million to acquire the 99-year land lease from EH Development, led by Alain Lantigua, in August, records show. EH Development signed the lease with Saint James Community Development Corp. in 2020. Miami-Dade County owns the 7-acre property.

Arquitectonica is designing the project, which will include 856 apartments ranging from studios to three-bedroom units, as well as about 35,000 square feet of retail space, according to a press release.


Source:  The Real Deal

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