New Residential Tower Coming to Miami’s Health District
The Miami Health District is about to undergo a remarkable transformation with the ongoing construction permitting for an impressive residential tower. This exciting development, spearheaded by Congress Group in partnership with Peakhill Equity TS, Inc., promises to redefine urban living in the heart of the city. With its prime location, state-of-the-art features, and a commitment to sustainability, this project is poised to make waves in the Miami real estate scene.
The journey of this ambitious project began when the construction permit was filed in October 2023. Since then, it has undergone rigorous scrutiny and improvements. As of January 4, it has entered its second cycle of review, ensuring that every detail is meticulously examined to meet the highest standards.
One of the most exciting aspects of this development is the inclusion of 380 residential units.
The estimated hard construction cost for this project stands at an impressive $100,585,738, highlighting the substantial investment being made to bring this vision to life.
Moss & Associates, a renowned name in the construction industry, is listed as the contractor for this project.
In December 2022, the project was submitted for review by the Urban Development Review Board (UDRB). The UDRB filing revealed that the development will also feature an eight-level garage with a generous 590 parking spaces. This addition addresses the practical needs of residents and visitors alike, enhancing the overall convenience of the property.
Congress Group, in collaboration with Peakhill Equity TS, Inc., acquired the property in 2023. Their vision for this project demonstrates a deep understanding of Miami's evolving real estate landscape and a commitment to creating a thriving community within the Health District.
The convenience of urban living is further enhanced by the tower's location, as the Civic Center Metrorail station is a mere five-minute walk away. This easy access to public transportation connects residents to the entire city, making it an ideal choice for those seeking a dynamic and connected lifestyle.
Anticipation is building as the completion of this remarkable residential tower is planned for 2027. In just a few short years, residents and the Miami community as a whole will witness the grand unveiling of a modern urban oasis.
