MIAMI, FLA. — ROVR Development has acquired 6.2 acres in Miami for $23.5 million to build The River Rapids, a 1,600-unit community in Miami. The development site for the property now comprises 10.2 acres. ROVR Development expects to complete The River Rapids in five phases. The first two phases of the project, Tides and Moorings, will deliver 600 units across two buildings. Tides and Moorings are currently under permit approval to move forward on construction. The next three phases will deliver an additional 1,000 units. A development timeline has not yet been disclosed. ATL Architecture and Michael Wolk Design will provide designs for the first two phases.
ROVR Development has added 6.2 acres to the site for The River Rapids in Miami, Fla., for a total 10.2 acres. Development on the project will be conducted in five phases.