Real estate firm Wood Partners has broken ground on the $128m Alta Dadeland mixed-use development in Miami, Florida, US.
Located on SW 72nd Avenue in Miami, the three acre community will feature 431 apartment homes and 2,000ft² of retail space next to the Dadeland Mall.
Designed by EDI International, the mixed-use development will feature 477,117ft² of residential space, 2,116ft² of retail space and 663 parking spaces.
The completed project will also have two towers linked by a pedestrian bridge.
Building One will have a nine-to-twelve-storey courtyard facility, featuring 312 residential units and a six-storey parking structure behind the tower residences with a resort-style pool deck above it.
Building Two will be a nine-storey facility, which will house 119 units.
Construction work is anticipated for completion in the fourth quarter of 2015 and apartments will be available for lease in the second quarter of 2015. HSBC Bank USA provided the construction loan for the project.
Wood Partners Florida development director David Thompson said Alta Dadeland is within walking distance of the Dadeland Mall as well as Dadeland Station, a 350,000ft² lifestyle centre anchored by Best Buy, Sports Authority and Target.
"There are two Metrorail stations in close proximity as well," Thompson said.
Coastal Construction is the general contractor for the project and Invesco Real Estate is the equity partner.
Wood Partners acquires, develops, constructs and property manages high-density and mixed-use communities.