Developer moves forward on new Bird Road apartments
The developer of a rental project near the planned Ludlam Trail is in the process of finalizing its plans and applying for permits to begin building the 77-unit development.
Victor Vazquez, a consultant on the project and a Realtor, told The Real Deal that the three-building complex will be on a 16-18 month timeline once it receives permits.
The majority of the units at the Central Park project will be two-bedrooms with up to seven one-bedroom apartments. Units will range from 670 square feet to 1,057 square feet. Amenities will include a pool and fitness center, according to a press release.
“There’s a big demand for UM students and young professionals,” Vazquez said about the neighborhood. He said rents will be at “market rate.”
PMLT II is developing the project, according to the release. Property records show a trust controlled by Manuel J. Menendez owns the narrow strip of land at 6950 Southwest 40th Street. The development site is between a United States Post Office and land owned by Florida East Coast Industries, which will be part of the Ludlam Trail when it’s developed. The 6.2-mile trail runs from West Flagler Street to U.S. 1 near Dadeland and covers 72 acres.
Vazquez said the developer received approvals at a public hearing last year to build 77 units on the land, which is also across the street from A.D. Barnes Park. He said the company is in the process of obtaining construction financing.
Coral Gables-based Ramon J. Collado is the architect.