Terra Delivers 470 Apartment Units in Centro City
Terra delivered Centro City Residences – part of the first phase of Centro City, a 38-acre mixed-use development in Miami’s West Little Havana neighborhood. Located at 3830 NW 11th Street, the Arquitectonica-designed multifamily development comprises three 8-story buildings offering a total of 470 market-rate apartments. Terra recently secured $291 million in permanent financing for the project.
Centro City Residences offers studio, one-bedroom, and two-bedroom apartments, featuring floor plans that measure approximately 500 to 1,250 square feet in size, with monthly rental rates starting at approximately $2,400.
Amenities include a fitness center, yoga and spinning studios, and dedicated spaces for business and leisure. Club level offerings feature two pools with cabanas and lounge seating, along with shaded gathering areas ideal for socializing.
Centro City’s first phase also includes a retail component which is anchored by a 100,000-square foot Target with tenants including Ross Dress for Less, DD’s, Fresco Y Mas, Walgreens, and Bank of America.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout