MIAMI — CEDARst Cos. has broken ground on a mixed-use project in Miami that will include 191 units and 8,000 square feet of ground-floor retail in Miami’s Little River neighborhood. Completion is slated for May 2027.
Units are designed in a mix of 52 studios as well as 84 one-bedroom, 43 two-bedroom and 12 three-bedroom floor plans. The property will also offer 302 parking spaces and a host of amenities, including coworking lounges, a golf simulator with two hitting bays, an indoor pickleball court, a pool deck, dry sauna, cold plunge, hot tub and a fitness center. The architect is ODP Architecture and Design, and the builder is Hogan Brothers.
Affiliates of Cantor Fitzgerald and Silverstein Properties are equity investors, and ACRE is the construction lender. The development cost was not disclosed, but Chicago-based CEDAEst Cos. secured a $62.5 million construction loan and acquired the development site in 2022 for about $8 million, according to the South Florida Business Journal.