Harbor Group International Adds to Miami Portfolio With Acquisition of 372-Unit Miro Brickell Luxury Apartment Community

MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Miro Brickell, a 372-unit, Class A multifamily property in the Brickell neighborhood of Miami, for $184.5 million. The acquisition marks the seventh property currently under HGI’s ownership in Miami-Dade County, spanning more than 1,500 units.
Miro Brickell’s central location offers convenient access to various employment and entertainment centers throughout Miami. The property is located minutes away from I-95 and Brickell’s Metrorail and Metromover stations, connecting residents to Downtown Miami, Downtown Doral and Miami International Airport.
As Miami experiences a boom of corporate relocations, Miro Brickell is walkable to more than 8 million square feet of office space. Several financial and technology providers have relocated to the neighborhood, attracting new residents to the area, including Microsoft, Apollo Global Management, Millennium Management and Citadel, which recently announced plans to go its global headquarters to Brickell.
“Miami is a priority market for HGI given its long-term multifamily fundamentals driven by corporate expansions and in-migration trends, leading to strong investment opportunities,” said Richard Litton, President, HGI. “As a long-time investor in the region, we will use our deep market knowledge to capitalize on leasing demand in the area and enhance efficiencies at the property.”
Built in 2017, Miro Brickell’s amenities include outdoor electric grills, cabanas and a resort-style pool. Individual units include balconies and are equipped with stainless steel appliances, energy-efficient washers and dryers and modern finishes.
HGI has been an active investor in South Florida, recently acquiring ParkLine Miami, two luxury apartment towers in Downtown Miami.

Powered by WPeMatico

Greystar Tops Out 223-Unit One Six Six 21-Story Highrise Apartment Building in Iconic Fulton Market Neighborhood of Chicago

CHICAGO, IL – Greystar, a global leader in the investment, development, and management of high-quality rental housing properties, announced that its first Chicagoland high-rise development project, One Six Six, at 166 N. Aberdeen St. has topped off at its maximum height of 21 tales.
“This is a fantastic milestone for Greystar and our entire project team,” said Christine Kolb, Greystar Midwest Sr. Director of Development. “We are thrilled to join the dynamic fabric of the Fulton Market neighborhood, and contribute much needed housing, including on-site affordable units, to the community and city of Chicago. One Six Six will be a fantastic complement to the area’s substantial office and hotel development and will provide residents walkability to some of the best live/work/play amenities in the city.”
Greystar is working with two well-known firms to bring this project to fruition.
Lendlease is overseeing the construction of the 21-tale high-rise that will include 223 apartments – floor plot options include studios, convertibles with a wingwall separating the bedroom, one- and two-bedrooms as well as penthouses. Apartment homes range from 415-1903 sq. ft., are open concept with two-tone custom cabinetry and are designed for work-from-home. The Sky Garden on the 14th floor headlines the community’s amenities. The third-floor amenity level has a 5,650 sq. ft. outdoor deck that is home to a hotel-style pool and spa club, lawn, grills, and a dog play area with direct access to the co-working and fitness areas.
“We are extremely proud to see the product of our first construction partnership with Greystar coming together to further shape the iconic and highly coveted Fulton Market area of Chicago,” said Kinjal Patel, General Manager of Construction, Chicago at Lendlease. “Together with the design creativity of SCB Architects, and all other partners and tradespeople, our diverse team has strived to make a best-in-class building with an innovative and sustainable approach representative of the neighborhood and its residents.”
Architect, plotting and design firm SCB will help bring to life a building that includes a nod to the area’s warehouse past while also looking to the future with a metal articulated tower about the historic warehouse-like masonry base. Greystar, Lendlease and SCB are utilizing sustainable techniques and plot on seeking Green Globe certification.
Formerly Chicago’s meat-packing district, Fulton Market has seen prolific development of restaurants, hospitality and office space in the immediate area with companies like Google, GlassDoor and Dyson as some of the first initial tenants. The market has evolved to a very dynamic mix of firms that now includes marketing, design, advisory services and food service. The area has been historically undersupplied with housing — One Six Six will alleviate some of the dearth of supply.
Additionally, Greystar and Lendlease are giving back to the community in other ways through a $10,000 donation to the Revolution Workshop, a non-profit that provides construction and woodworking development for unemployed or underemployed people to help them achieve financial independence and develop a career based on the skills they learned. Greystar’s Midwest development division is particularly passionate about providing charitable support to organizations that benefit construction-related training and career path opportunities — Revolution Workshop is a perfect fit.
Construction on One Six Six started in October 2021. Anticipated delivery of first units will happen in early 2023.

Powered by WPeMatico

Wood Partners Introduces Signature Luxury Living in San Antonio With Groundbreaking of 366-Unit Alta Rolling Oaks Apartments

SAN ANTONIO, TX – National multifamily real estate development leader Wood Partners announced the groundbreaking of its newest luxury residential community, Alta Rolling Oaks, in San Antonio. With construction underway, Alta Rolling Oaks is scheduled to open in May 2023 with pre-leasing expected to start early next year.
Situated along North Loop 1604 in North Central San Antonio, Alta Rolling Oaks will offer simple access to shopping, dining and entertainment areas throughout the entire city including The Forum at Olympia, Bulverde Marketplace and the famed thoroughbred and quarter horse racetrack, Retama Park. The community’s prime location will also provide residents with a plethora of job opportunities from top employers including Amazon, the US Postal Service and Randolph Air Force Base, as well as the largest concentration of cybersecurity companies outside of Washington, D.C. with more than 40 firms located in the San Antonio area.
“Wood Partners is thrilled to break ground on Alta Rolling Oaks, our latest luxury property in San Antonio,” said Bart Barrett, Managing Director for Wood Partners. “The area’s continued growth, attractive employment opportunities and vibrant history make it an ideal location for our newest community, and we very much look forward to bringing our mix of comfort and sophisticated living to San Antonio.”
The property will feature 366 apartment homes with a mix of one-, two- and three-bedroom floorplans. Featuring modern, urban design elements, each apartment comes complete with top-of-the-line luxury finishes including stainless steel appliances, granite countertops, 42″cabinets, and tile backsplashes, as well as wood-style plank flooring, and in-home washers and dryers. Alta Rolling Oaks will also feature a variety of top-tier community amenities for residents to delight in including a resort-style swimming pool, on-site walking trail, outdoor kitchen and dog park, as well as a community clubroom featuring a state-of-the-art fitness center, conference and entertainment spaces, business center and more.
Outside the community, residents can also take advantage of the many attractions that make San Antonio one of the leading tourist destinations in the state. Top attractions in the area offer a mix of history and culture from the San Antonio River Walk to The Alamo, as well as fun and excitement with Six Flags Fiesta Texas and SeaWorld San Antonio.

Powered by WPeMatico