Joint venture formed for Miami apartment project

Michael Adler
Michael Adler

The Adler Group and 13th Floor Investments formed a joint venture to acquire a long-term ground lease and eventually construct an apartment building near Miami’s Dadeland Mall.

Adler and 13th Floor announced the ground lease purchase and development plans in a written statement released on Tuesday. The companies did not disclose the purchase price. The property is adjacent to the Dadeland North Metrorail station and Dadeland Station retail complex.

Sign Up for the undefined Newsletter

The Class A apartment building is currently being designed.

“The Dadeland market is a unique community due to its location, infrastructure and businesses,” Adler CEO Michael Adler said.

Miami-based 13th Floor is currently developing residential projects in Miami-Dade, Broward and Collier counties. — Eric Kalis

Recommended For You