The Real Deal Miami

Greystar hosts grand opening of InTown in Little Havana: PHOTOS

312-unit apartment project is about 45 percent leased since opening in October
March 16, 2017 03:10PM

Greystar hosted a grand opening of its Little Havana apartment complex last week complete with Cuban food, music, cigars, domino tables and more.

InTown, at 1900 Southwest Eighth Street, was developed by Henry Torres of the Astor Companies. Torres sold the twin 15-story, 312-unit apartment towers for $89 million in November. The deal was a record for Little Havana, which has been attracting investors in recent years. Apartments sold for an average of $285,000.

InTown started as a condo project, but did not secure enough presales to continue as one. The development includes eight townhouses and 20,000 square feet of retail space on the ground floor. Rents start at roughly $1,600 for a one-bedroom unit, a leasing associate said. It’s about 45 percent leased since opening in October. The developer is offering one month of free rent in an effort to be fully leased by this summer.

Amenities range from a gym, business center and club room to a 14,000-square-foot pool deck on the fourth floor. – Katherine Kallergis