MIAMI—In a sign that multifamily developers made smart bets in Miami, Wood Partners is offering strong leasing numbers at its $31.9 million Alta Mira apartment community in Miami. The multifamily complex is 50% leased

Alta Mira, which opened just over four months ago, is the first new development of its kind built in this area of North Miami since the mid-90s. Wood reports strong interest by customers looking for luxury apartments at affordable prices in North Miami.

“The property is in a great location,” says Dave Thompson, director for Wood in Florida. “You're minutes from downtown and Brickell, South Beach nightlife, Florida's finest beaches, world-class restaurants and major retail centers.”

The garden-style multifamily community is designed around courtyards that contrast with the city's hustle and bustle. Located one block west of Biscayne Boulevard at NE 16th Avenue, Alta Mira features one, two and three-bedroom apartments ranging from 733 square feet to 1,319 square feet. Rents run $1,300 to $1,995.

Multifamily amenities include energy efficient Energy Star appliances, wood kitchen cabinets, flat top stoves, track lighting, six-panel doors, ceiling fans, and double pane windows and doors. The community also has a 3,680 square-foot clubhouse with a resident lounge, coffee bar, gaming area, fitness studio, and kid's playroom.