Terra Completes First Phase of $1B Miami-Area Mixed-Use Project
Terra completed Phase One of Upland Park, a $1 billion transit-oriented community that will transform West Miami-Dade County’s Dolphin Park-and-Ride Transit Terminal Facility into a 47-acre mixed-use community with residential, retail, and commercial uses. The newly delivered first phase of the project comprises 578 multifamily residences, with leasing now underway and tenant move-ins in progress.
Upland Park was imagined as a public-private partnership between Terra and the County. The project is designed by PPK Architects, in collaboration with architect Arquitectonica. Future uses include additional mid-rise and garden-style residential apartments, as well as retail and commercial space. Construction of the project’s second phase of residential, which will add another 484 multifamily apartments, is expected to begin later this year.
Located at 1455 NW 121st Avenue, Upland Park’s monthly rental rates start in the $2,000s.
Other News
JLL Arranges Financing for Lightstone Acquisition on Upper West Side
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National City Investment Group Commences Workforce Housing Build
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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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