The Real Deal Miami

On the scene at Midtown Five’s preview party: PHOTOS

Developer has two more rental projects planned for the neighborhood

November 16, 2016 02:15PM

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With just two months to go before opening day, Magellan Development Group invited a host of Miami realtors to check out the company’s upcoming Midtown Five apartment project, Midtown Miami’s first all-rental tower.

Dozens of local agents gathered at Midtown Five’s preleasing center, located across the street from the 26-story tower at 3201 Northeast First Street, to check out the samples finishes. Apartments at the project boast quartz countertops, stainless steel appliances and contemporary style.

Later on in the night, the party shifted over to Midtown’s Sugarcane Raw Bar Grill’s outdoor area for cocktails and small bites.

Magellan, which is headquartered in Chicago, plans to complete the 400-unit luxury apartment building by January. The project broke ground in January 2015 after Magellan received an $80 million loan from a group of lenders headed by TD Bank. The developer is also planning at least two more apartment towers in Midtown that are currently in the planning stages.

Amenities at Midtown Five include a fitness center, meditation garden, electric car charging stations and smart-home technology like key-less doors and thermostats that can be controlled by mobile devices. Check out a full list of apartment sizes and rents for Midtown Five here. — Sean Stewart-Muniz

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