13th Floor, Adler Group submit plans for Dadeland apartments

Miami /
Feb.February 27, 2015 11:55 AM

Adler Group and 13th Floor Investments submitted plans for their proposed apartment building at the Dadeland North Metrorail station.

The Miami-based developers formed a joint venture after acquiring the lease for 6800 Southwest 84th Street from Miami-Dade County in April. They reportedly paid $6.2 million for the nearly one-acre property, which sits next to Dadeland North Metrorail Station, the third busiest county rail station. 

The unnamed 25-story tower has a proposed 294 units, the South Florida Business Journal reported. Plans include 7,964 square feet of ground floor retail space and a coffee shop. An amenities deck on the sixth floor would have a spa, fitness center, yoga room, pool and lounge.

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

The county will vote on amending the lease to span 90 years, as well as increasing the lease rate from 4.75 percent to 5.75 percent, with rates lowering to 5.35 after the first five years, the newspaper reported. [South Florida Business Journal]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail
Altman scores $55M construction loan for Ludlam Trail project
Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 
Related switches gears on Terminal Island project, now plans low-rise offices
Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Richard Branson (Credit: Virgin, Cindy Ord/Getty Images)
Virgin Trains seeks $350M to build five stations in Miami-Dade
Virgin Trains seeks $350M to build five stations in Miami-Dade
Easton Group picks up land in Hialeah Gardens for $8M
Easton Group picks up land in Hialeah Gardens for $8M
Easton Group picks up land in Hialeah Gardens for $8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...