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Announcement

Kavista multifamily coming El Portal! The village council voted last mon

By
Cashflow In Miami
on
February 28, 2021

471 NE 83rd St, El Portal, FL

Kavista multifamily coming El Portal!

The village council voted last month for a development agreement with an entity managed by Barrington Brothers LLC, a local multifamily developer with projects in the Upper Eastside and Little Havana. As part of the agreement, Barrington, led by Arthur and Ken Barrington, will be able to build an eight-story structure with an option for two bonus stories.

The building would include 282 market rate rentals, ground-floor workspaces and 351 parking spaces, according to the development agreement. Called The Kavista, the proposed project would be built on two acres of vacant land at 471 Northeast 83rd Street.

The project is adjacent to the site of the former Little Farm trailer park, on land the village rezoned five years ago for mixed-use development with retail, restaurants and low-rise multifamily buildings.

According to Miami-Dade property records, Barrington combined two lots it purchased in 2013 for a total of $1.1 million. Two years later, another developer, Wealthy Delight LLC, bought the Little Farm trailer park, which totaled just a little more than five acres, for $14.2 million.  

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