MIAMI — Locally based developer Terra has completed construction of Centro City Residences, a 470-unit community that is part of the first phase of Centro City, a 38-acre mixed-use development in Miami’s West Little Havana neighborhood. The Arquitectonica-designed development comprises three eight-story buildings that surround courtyards, pool decks and landscaped sidewalks. Leasing is currently underway, with tenant move-ins in progress.
Centro City Residences offers studio, one-bedroom and two-bedroom apartments with monthly asking rents that start at approximately $2,400. Amenities include a two resort-style pools with cabanas, a fitness center, yoga and spinning studios, community-wide Wi-Fi and on-site parking with electric vehicle charging stations.
Centro City’s first phase also includes a retail component anchored by a 100,000-square-foot Target as well as tenants Ross Dress for Less, DD’s, Fresco Y Mas, Walgreens and Bank of America. Earlier this year, Terra secured a total of $291 million in permanent financing for the project following the completion of its first phase.
Centro City’s master plan will include a mix of multifamily units, green spaces, lifestyle-oriented retail and restaurants and a Mater Academy Charter School. Construction of the project’s second phase of residential, which will add another 518 apartments, is expected to begin in 2026.