Metro 1 launches sales for Buena Vista Villas

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

Apr.April 07, 2015 03:45 PM

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.

Related Articles

Tony Cho, Andres Nava and Valerio Morabito with 2143 Northwest First Avenue

Developer Valerio Morabito enters Wynwood market with $9M acquisition

Kobi Karp, 4750 North Bay Road

Kobi Karp pays $8.5M for another home on Miami Beach’s North Bay Road

Vlad Doronin and a rendering of 888 Brickell Plaza

Three big projects, including 50-story Brickell office tower, breeze through Miami design board

4136 North Miami Avenue and David and Leila Centner (Credit: Pintrest)

Centner Academy owners score approval to convert Buena Vista building into preschool

Shoemaker lists Wynwood assemblage for $16M

Chetrit shuts down oceanfront Miami Beach hotel for major renovation

Notre-Dame fire calls attention to other historic properties that could be in jeopardy

Edgardo Defortuna joins Peebles, Stern, Karmely and Karp for Future City 2019