Top 8 Multifamily Projects Under Construction in Miami

UPDATE: 4/1/2020

The Covid-19 outbreak has resulted in Governor DeSantis locking down Florida as of April 1. However, construction is considered an essential business per Executive Order 20-89.

BuildCentral will continue to inform you of any changes that might arise in the status of construction in Florida. 

Miami, aka the Magic City, is one of the fastest growing cities in the country, and with that growth comes the need for multifamily construction

Here are some of the largest multifamily projects under construction in Miami, updated by BuildCentral since January 2020. 

Market Overview 

Miami is the seventh biggest city in the US.

The metropolitan area of Miami-Dade has a population of 6.1 million people.

300 of its buildings are classified as high rises which make it the third tallest city in the country.  

So what multifamily projects are under construction in Miami? 

VOX Miami 

Construction started on the first of two phases on this mixed-use project in late February 2020.  

This first phase calls for multifamily housing in an eight-story, 361-unit student housing building. 

The architect of this project is Perkins + Will and the general contractor is Moss Construction Management. 

The second phase, which hasn’t started, will add a Class A office building. 

Value  $125 million 
Location  5801 South Dixie Hwy 
Start Date  February 2020 

7th Avenue and 1st Street Apartments 

In February 2020, Premium Development secured a loan for a 194-unit apartment building at 7th Avenue and 1st Street that will also include 70,000 square feet of ground-floor retail space. 

The project is expected to be complete before the end of 2021. 

Value  $65 million 
Location  760 SW First St 
Start Date  Spring 2020 

Brisas del Rio Apartments 

The Related Companies also received a loan to begin construction on one of their Miami multifamily projects, the Brisas del Rio Apartments.

This 13-story apartment building will have 168 affordable apartments. 

Some of the units will be set aside for seniors. Related has confirmed that they will serve as their own general contractor. 

Value  $36.5 million 
Location  800 NW 13th Ave 
Start Date  Early 2020 

Med Square Place 

If all goes according to plan, then the Med Square Place project will be under constrution soon, with groundbreaking planned for April 2020.  

This two-story building will offer 37,000 square feet of medical offices on the ground floor and 86 independent senior apartments above.

Amenities will include a fitness center and dining room. Construction is tentatively scheduled to be complete in summer 2021. 

Value  $29 million 
Location  9101 Southwest 24th Way 
Start Date  April 2020 

Paradise Lakes Apartments 

Housing Trust Group broke ground on Paradise Lakes Apartments in February 2020 and work is expected to be done in April 2021 on this three-story, 76-unit affordable apartment building that will also include 11,388 square feet of ground floor retail. 

Value  $25 million 
Location  8905 SW 169th Ct 
Start Date  February 2020 

NR Investment Multifamily Building 

NR Investments went before the FAA in late 2019 for approval to begin construction on a 29-story tower with 225 units, 8,000 square feet of retail, and office space in early spring 2020. 

Value  $25- 100 million 
Location  70 and 90 Northeast 17th Street and 1642 Northeast 1st Avenue 
Start Date  Spring 2020 

Madison Square 

In January 2020, the team at BuildCentral confirmed the start of construction at Madison Square, a three-story affordable apartment building by Abreu Development with 40 units and 13,000 square feet of ground-floor commercial space. 

As of 1/15/20, construction is ongoing.  

Value  $5- 25million 
Location  6415 SW 60th Ave 
Start Date  Late 2019 

1414 West Apartments 

Permits for a five-story, 14-unit condo development were issued in February 2020.

Value  $5-25 million 
Location  1414 West Avenue 
Start Date  Spring 2020 

Are there any notable projects still in planning? 

Tons of new Miami multifamily construction projects are expected to start in the second half of 2020. 

Here is a quick rundown of those projects. 

Nexus Riverside Central Apartment Towers

Units  1350 
Value  More than $100 million 
Status  Nexus Riverside was granted final approval by city commissioners in the summer of 2019, and if all goes well, they hope to begin construction in late 2020, and have the entire development completed in five to seven years.  

Shoma Douglas 

Units  391 
Value  $25-100 million 
Status  The Miami Urban Development Review Board was scheduled to review this project on 3/18/20; however, all public meetings have been cancelled due to the COVID-19 outbreak. Shoma Homes/Shoma Group has the 2.4 acre site under contract as of 3/19/20. They hope to obtain permits by the end of 2020 and to break ground in February or March of 2021. 

Residences at Dr King Boulevard 

Units  120 
Value  $25-100 million 
Status  In February 2020, a representative from Martin Luther King Economic Development Corp confirmed to BuildCentral that construction is expected to begin construction in July 2020. 

Legacy Hotel & Residences at Miami Worldcenter 

Units  240 
Value  $25-100 million 
Status  Renderings were released in February 2020. Construction is expected to start in summer 2020 and be complete in 2023. 

The Line Apartments 

Units  449 
Value  $25-100 million 
Status  Construction was supposed to begin in summer 2019, but in February 2020, BuildCentral tram confirmed that a firm construction start date hasn’t been announced. 

Vertical Medical City Biscayne 

Units  Up to 245 units of senior housing in a 90-story building with medical offices. 
Value  $2.1 billion 
Status  Plans were submitted to the Federal Aviation Administration on 1/22/20. Construction is scheduled to begin in January 2021. 

The Plaza at Coral Reef 

Units  200 
Value  $25-100 million 
Status  A groundbreaking is expected to take place in summer 2020 and work should be completed in early 2022. Royal Senior Care Management has purchased the property from Healthcare Trust of America, Inc. 

Lincoln Gardens Redevelopment 

Units  221 
Value  $64 million 
Status  Miami-Dade County intends to submit a request to the US Department of Housing and Urban Development for $16.4 million for the project in late January 2020. 

To learn more about the owners, developers, architects and general contractors responsible for these projects and others, sign up for a free trial to our MultiFamilyData multifamily construction lead database.

Or call BuildCentral toll-free at 866-316-5300 to speak with a construction data expert.