MIAMI—Richman Group of Florida is pulling out all the multifamily stops. After starting construction in two luxury multifamily communities in Central Florida, the company has turned its attention to the Miami suburb of Kendall.

Richman just started construction on Azura, a $47 million luxury multifamily community. Azura marks the fifth multifamily luxury residential project Richman has closed on in Florida within the last 12 months.

“Azura's desirable suburban in-fill location within Miami Dade County is an excellent area to offer new luxury garden apartments,” Todd Fabbri, executive vice president for Richman, tells GlobeSt.com. The 240-unit multifamily community has eight three-story garden style buildings and a resort pool. Completion is scheduled for Summer of 2016.

Azura's amenities including a 6,683 two-level clubhouse room with sports bar, fireside lounge, coffee bar, media and game room, professional fitness center, yoga/spin studio and expansive outdoor terrace. The multifamily property will offer one-, two- and three-bedroom apartments ranging from 667 to 1,295 square feet and feature ceramic tile floors, kitchen islands, granite counter tops, stainless steel appliances, washer/dryers and private balconies.

“The property is convenient to primary transportation routes easily reaching major employment centers including the Miami International Airport,” says Fabbri. “Residents will enjoy close proximity to popular nature parks and preserves, the world famous Zoo Miami attractions, and a variety of upscale shopping venues.”

Richman is ranked by the 2014 Multi-Family Executive as the seventh largest owner of multifamily rental apartments in the US. Richman and its affiliates have developed nearly 20,000 residential units and has owned or asset managed more than 100,000 units.

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