Lissette Calderon buys land for third rental project in Allapattah

Miami /
Jun.June 16, 2020 11:30 AM
Lissette Calderon and a rendering of the site

Lissette Calderon and a rendering of the site

Developer Lissette Calderon is planning another rental project in Miami’s Allapattah neighborhood.

Calderon’s TCG Allapattah 14 LLC, an affiliate of Neology Life Development Group, paid $3.6 million for an assemblage at 1470 Northwest 36th Street, property records show. P26 LLC, led by Geoffrey Peckham, sold the parcels, which are in an Opportunity Zone.

Calderon is planning Allapattah 14, a 237-unit rental building with ground-floor retail space on the site, according to a statement. In all, her company has more than 1,000 units in the pipeline in the area, including the 192-unit project No. 17 Residences Allapattah that recently topped off and the planned 323-unit Allapattah 16 nearby.

EJ Martinez and Louis McMillan of Global Investments brokered the land sale for Allapattah 14. Behar Font & Partners is designing the project.

Calderon said in her statement that she’s building units in Allapattah “for residents seeking an alternative to the higher-priced urban districts nearby.”

Other developers who have planted flags in Allapattah include Moishe Mana, Robert Wennett and the Rubell family. The neighborhood is west of Wynwood and east of Miami International Airport.

In 2018, Calderon returned to the Miami River, where she had begun developing condominium projects in 2002. Her company, Neology Life, paid $61 million for the former River Oaks Tower & Marina, a 21-story, 199-unit building on the river at 1951 Northwest South River Drive, and renovated and rebranded it into Pier 19 Residences & Marina.


Related Articles

arrow_forward_ios
Avalon Communities CEO Timothy J. Naughton and renderings of the project with AvalonBay head (Corwil Architects)

Apartment developer buys South Miami Winn-Dixie site from Bacardi JV

Apartment developer buys South Miami Winn-Dixie site from Bacardi JV
Kevin Neal, Trinsic Residential’s managing director for South Florida, and a rendering of the project

Trinsic set to build 292-unit apartment complex in Delray Beach

Trinsic set to build 292-unit apartment complex in Delray Beach
1396 Northwest 36th Street with Integra's Paulo Tavares de Melo and EHDOC's Melanie Ribeiro (Photos via Getty; LinkedIn)

Integra, partner move forward with $58M senior housing project in Allapattah

Integra, partner move forward with $58M senior housing project in Allapattah
1930 Northwest 23rd Street with (from left) Shane Neman, Richard Kilstock and David Aaron (Getty, Arkadia, Neman Ventures)

Arkadia buys cold storage warehouse in Allapattah for $5M

Arkadia buys cold storage warehouse in Allapattah for $5M
Steelblock CEO Ignacio Murman and 13300 Alexandria Drive in Opa-locka (Steelblock, Google Maps)

Steelblock buys Opa-locka apartment complex for $8M

Steelblock buys Opa-locka apartment complex for $8M
A rendering of Adela at MiMo Bay, Michael Van Der Poel of ACRE, and QuadReal CEO is Dennis Lopez

American Legion rental project in MiMo District launches leasing

American Legion rental project in MiMo District launches leasing
From left: A rendering of Deco Green and developer Ricardo Hernandez, and a rendering of Element with developer Norman Weinstein (Credit: Dominick Ranieri Architect and Rosemurgy Properties)

Lake Worth Beach CRA approves two apartment complexes

Lake Worth Beach CRA approves two apartment complexes
4 West Las Olas

Fort Lauderdale developers score $92M bridge loan for rental tower

Fort Lauderdale developers score $92M bridge loan for rental tower
arrow_forward_ios

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

Loading...