The Real Deal Miami

Metro 1 launches sales for Buena Vista Villas

12-unit mixed-use development will break ground later this year

April 07, 2015 03:45PM
By Katherine Kallergis

  • Print
Renderings of Buena Vista

Renderings of Buena Vista at 4510 Northeast Second Avenue

Eat, shop and now live within walking distance of Miami’s Design District. Buena Vista Villas, a 12-unit mixed-use development, hit the market on Tuesday, The Real Deal has learned.

Commercial brokerage Metro 1 is marketing the sale of the 12 residential units and ground floor retail located in the historic Buena Vista District, north of the Design District.

The villas at 4510 Northeast Second Avenue are being developed by SLH Investment Group, Group Terrot and UPSIDE Investments, according to Metro 1. Kobi Karp is the architect.

Units range from one bedroom and one-and-a-half bathrooms, to three bedrooms and three-and-a-half bathrooms. They start at $450,000 and go up to $970,000.

The project is scheduled to break ground during the third quarter of this year, and is slated for completion at the end of 2016. Amenities will include European kitchens and appliances, underground parking and open floor plans. Fourth floor units will feature private rooftop terraces with hot tubs.

SLH paid $2.3 million for the 16,800-square-foot site between May 2012 and November 2013, according to Miami-Dade property records.

  • Next Hot Area

    Investors and tenants are moving north of the Design District.