Neology Tops Off Latest Miami Luxury Property
Source: MULTI-HOUSING NEWS
The project broke ground last year and is expected to be complete in 2024.
Neology Development Group has topped out its newest luxury residential property, Fourteen Allapattah Residences. The project, located in Miami’s Allapattah neighborhood, is expected to be online in 2024. The developer broke ground on the community in November 2022.
Neology is developing the community alongside AOZA Fund and has tapped JAXI Builders, Behar Font Architects and designBAR for its project team. Once completed, Fourteen Allapattah Residences will offer 237 units in a mix of studio and one- and two-bedroom floorplans ranging from 450 to 1,000 square feet. The units will be split between a larger 14-story building and an adjacent five-story building and will include smart home tech and in-unit washers and dryers.
Community amenities will include a pool deck, clubhouse, multipurpose lobby, indoor and outdoor fitness center, dog park with dog wash area, media lounges, coworking spaces and conference rooms, as well as smart package lockers and a parking garage with electric vehicle charging stations. Located at 1470 NW 36th St., Fourteen Allapattah Residences will be near several prominent cultural institutions, including the Rubell Museum, the Perez Art Museum Miami and the Superblue art museum, as well as popular venues like Marlins Park and the American Airlines Arena.
The community’s location gives residents direct access to the Allapattah Metrorail Station, as well as the Brightline commuter rail station offering connections to Fort Lauderdale, West Palm Beach and Orlando. Fourteen Allapattah Residences is also located near many of the area’s major employers, including the University of Miami Health System, Jackson Memorial Hospital, and the Miami-Dade College Medical Center.
Third Allapattah comunicó
The topping off of Fourteen Allapattah Residences comes several months after Neology topped out another luxury residential tower in Miami, The Julia, a 323-unit luxury community. Before these properties, Neology delivered the 192-unit No. 17 Residences Allapattah in April 2021. That project marked the developer’s first project in the Allapattah neighborhood. The developer more recently secured a $31 million refinancing loan for No. 17 that was provided by Fannie Mae. Neology has upwards of 1,200 recently built or under-construction units in Miami, with another 1,600 units that are about to enter into development. The company’s development pipeline includes 2,000 additional units.