(To read more on the multifamily market, click here.)
MIAMI-The locally based Related Group is planning to build Loft3, a $130-million work force condominium project at 201 N.E. 2ndAve.
The 32-story project will include 496 residential units andapproximately 15,000 sf of ground-floor retail space. The unitswill be priced from $159,000 with 70% of its units priced under$300,000. The project is the third in the company's Loft series ofurban high rises and is being completed by the company's attainablehousing division. Loft 1 is 100% occupied and Loft 2 will open inMay 2007.
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