Prestige Builders Group seeks rezoning to build 212 apartments in Hialeah

An aging industrial property occupies the proposed development site at 7755 West 4th Ave., which an affiliate of Prestige Builders bought last year for $10.5M

Miami /
Jun.June 02, 2018 04:00 PM

Rendering of planned apartments at 7755 West 4th Avenue in Hialeah (Credit: South Florida Business Journal / Berger Singerman)

An affiliate of Miami Lakes-based Prestige Builders Group proposed a development that would replace an industrial property in Hialeah with 212 apartments.

The affiliate of Prestige Builders, Hialeah 7.65 LLC, applied to Hialeah’s municipal government to build a nine-building apartment complex on the site of a 62-year-old industrial building.

The developer paid $10.5 million in 2017 for the industrial property at 7755 West 4th Avenue (Red Road) in Hialeah, just south of Miami-Opa Locka Executive Airport.

Prestige Builders plans to ask the city to rezone approximately half of the 5.2-acre site for apartment development. Albert Gonzalez is the project’s architect.

The Hialeah City Council may consider whether to approve the proposed rezoning on June 12. The council approved a platting of the site into two parcels on May 22.

Javier Vazquez, an attorney with Berger Singerman who represents Prestige Builders, told the South Florida Business Journal that 2.45 acres of the development site along Red Road would not be rezoned.

Vazquez also told the Business Journal that Prestige Builders built an 82-unit apartment property on a nearby site in Hialeah. In January, Prestige started construction of a 174-unit apartment property at 7925 West 2nd Court in Hialeah. [South Florida Business Journal] – Mike Seemuth


Related Articles

arrow_forward_ios
Estate Companies pays $15M for downtown Hollywood Opportunity Zone site
Estate Companies pays $15M for downtown Hollywood Opportunity Zone site
Estate Companies pays $15M for downtown Hollywood Opportunity Zone site
Harvey Hernandez and a rendering of his Brickell project
Harvey Hernandez plans three-tower project on riverfront Brickell site
Harvey Hernandez plans three-tower project on riverfront Brickell site
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
ARI Financial Group CEO buys Hialeah multifamily-retail portfolio for $42M
ARI Financial Group CEO buys Hialeah multifamily-retail portfolio for $42M
ARI Financial Group CEO buys Hialeah multifamily-retail portfolio for $42M
Infinity project (Kobi Karp)
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
Lago Mar apartments in Hialeah
RAM buys Lago Mar apartments in Hialeah for $18M
RAM buys Lago Mar apartments in Hialeah for $18M
Rolling the dice: Charter school, apartments planned for Hialeah Park racetrack and casino property
Rolling the dice: Charter school, apartments planned for Hialeah Park racetrack and casino property
Rolling the dice: Charter school, apartments planned for Hialeah Park racetrack and casino property
Medical Properties Trust CEO Edward K. Aldag, Jr. with Hialeah Hospital (Google Maps)
Medical Properties Trust completes $900M portfolio buy with Hialeah Hospital
Medical Properties Trust completes $900M portfolio buy with Hialeah Hospital
arrow_forward_ios

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

Loading...