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North Miami is on a Roll!

Cashflow In Miami
May 11, 2021

1701 NE 127th St, North Miami, FL 33181

1850 NE 123rd St

NE 11th and 12th Avenues and NE 126th and 127th Streets

1810 NE 146th St

840 NE 130th Street

We have already written about the 184 -acre $4 Billion Solemia city within a city and a new luxury assisted living approved on close to NE 124 st, now there are five more developments in the works!

25-acre Johnson & Wales campus, is about to be acquired by Property Management Group for $55 million! North Miami City Council voted 5-0 to approve giving local developer Jimmy Tate a 99-year  lease on three acres at 1810 NE 146th St., a big step toward allowing him to build 350 rental units on the east side of NE 18th Avenue between 143rd and 146th Streets over the next two years.
The NE 130 street project is a six-story, 67-unit condominium project on the south side of a lot in a single-family residential neighborhood. It would be the first South Florida project for developer Oz and BF.

Eleven 55 NOMI is a  massive eight-story, 369-unit development on the block between NE 11th and 12th Avenues and NE 126th and 127th Streets is scheduled to include plenty of amenities, with 10% of the units reserved for North Miami residents making 80% of the adjusted median income. One feature: A bike path to the Museum of Contemporary Art.

Causeway Village - (we will have a separate write up on it this piece of land)  eight-story project under construction at 1850 NE 123rd St. will have 297 apartments with rentals from $1,750 to $2,500. It is being developed by Taubco, which also built Causeway Square across the street at 1801 NE 123rd Street, anchored by LA Fitness.

I really would like to know , how this will effect the rental market, because all the new product coming out is pretty expensive and rent for 1 bdr unit under $1000 barely exist anymore in Dade...

Interested in more information? Contact Andrey today.