MIAMI-Urbanice Modern Life Developers is developing Aqua Briza, a 57-unit, nine-story condominium tower at 637 NW 1st St. Urbanice is a joint venture partnership between locally based builder ARKS LLC and Atlanta-based Wood Partners.

The project will feature one- and one-bedroom with den units ranging in size from 600 to 820 sf with balconies ranging from 120 to 150 sf. Locally based Fortune International is handling sales for the project. Prices for the units start from $195,000. The project is expected to break ground within six months with completion anticipated for the first quarter 2009. The estimated sell-out of the project is $13 million, ARKS development principal Arnaud Karsenti tells GlobeSt.com.

The project will be located two blocks from the Miami River in east Little Havana. It is in close proximity to Downtown Miami and the Government Civic Center. It is also within easy access to Miami's medical facilities, including Jackson Memorial Hospital, Cedars Sinai, Bascom Palmer Eye Institute and the University of Miami Campus and its School of Medicine.

"The project is located in the culturally rich area of Little Havana and caters to the employment centers in the city, such as Brickell and the Financial District," Karsenti says. "It will cater to young professionals seeking affordable housing."