The 48-residence building is located in Coral Gables' Merrick Park.
The Biscayne Bay mid-rise will offer 52 condominiums ranging from 2,200 to over 4,000 square feet.
The Cleveland-based landlord has already established a market-rate multifamily presence in the state.
"Know your market, build relationships, prioritize client needs, stay persistent." — Belle Useche, Realtor, Coldwell Banker Realty
The 75-story tower going up in Miami's Brickell neighborhood will offer 355 for-sale residences, including eight penthouses.
Architecture Lab ranked every U.S. state based on the difference between average home values in 2013 and 2023; Florida ranked No. 2.
Apartment Advisor analyzed 98 major cities in the United States based on cost of living, entertainment availability, mobility and overall opportunities for residents. Miami came in No. 7.
The project will offer 163 "Sky Residences," 236 short-term rentals and 64,000 square feet of class A office space, plus the Hilton Miami Bayfront Hotel, when it opens in 2027.
"Stay focused, and trust the process." —Yaima Torres, real estate agent, eXp Realty
The development by Related Group and BH Group will bring 144 residences to market.