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Related Debuts Mixed-Income Miami Apartments
Related Group, Miami-Dade County Housing & Community Development, and Miami-Dade County Public Schools opened Magnus Brickell, a Class-A, mixed-income, transit-oriented development in Miami. With 465 workforce, market rate, and affordable homes, the tower replaces a former 96-unit elderly housing complex and surface parking lot.
Magnus Brickell features a mix of studios, one, two and three-bedroom residences, including 93 units for households earning 50% or less of the area median income with HUD rental assistance, 70 units for those earning up to 140% of the area median income, and 302 market-rate units.
Amenities include a sun deck, swimming pool and fitness center. The Metrorail is less than one-eighth of a mile away.
In collaboration with Miami-Dade County Public Schools, the development includes land allocated for a new urban K-8 public school next door.
Other News
Legacy Partners, DWS Launch Construction on Torrance Apartments
Legacy Partners, a privately held national real estate firm, partnered with DWS Group, a leading global asset manager, to announce the start of construction for Soto, a 200-unit apartment community in Torrance. It represents the fourth project on which Legacy and DWS have teamed. Located at 3863 Carson St. adjacent to Del Amo Fashion Center, the five-story community’s exterior...
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Development Partnership Unveils Renderings for Sunset Park Mixed-Income Housing
The partnership of Ailanthus, BEB Capital and SK Development revealed new project renderings for One Sunset, a 193,000-square-foot, 14-story, 187-unit mixed-income housing and retail development located at 201 E. 25th St. in Brooklyn’s Sunset Park neighborhood. To accompany the release of the new imagery, One Sunset’s teaser website has launched. “We are thrilled to unveil this ‘first look’ at One Sunset, our...
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Oxford Capital Group Acquires Eleven Minnesota Senior Housing Properties
Oxford Capital Group has acquired eleven seniors housing properties totaling 489 units in the Minneapolis area and northern Minnesota. An affiliate of Oxford acquired the properties from an independent operator. Oxford’s senior housing management affiliate, Oxford Living US, LLC, will manage the properties. Oxford will invest several million dollars in the coming years, enhancing the...
Learn moreBrokers
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Chase Lord
SVN OAK Realty Advisors | Oklahoma
Lenders
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Brad Hayden
Colorado
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Felix Gutnikov
California
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Gary Bechtel
North Carolina
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Arbor Realty Trust
Management
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Essex Property Trust, Inc.
California
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Asset Living
Texas
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AOG Living
Texas
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Apartment Management Consultants, LLC
Utah
