SoMi Industrial Portfolio OM

SOUTH MIAMI INDUSTRIAL PORTFOLIO | MARKET OVERVIEW

LOCAL DEVELOPMENTS

Princeton Grove Village

Miami-based AHS Development Group has the site at 21401 S Dixie Highway under contract to build the second phase of its Princeton Grove Village apartment community. The developer submitted plans in October, 2015, to build 180 workforce apartments and a 14,000 SF amenity center on the 6.86- acre site. The five buildings that comprise the development, designed by Chisholm Architects, would rise three stories tall. The first phase (pictured below) broke ground in early 2015 and totaled 216 apartments.

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Princeton Groves Phase I (completed)

Princeton Groves Phase II (planned)

S Dixie Highway (US-1)

South Dade Industrial Center

Kira’s Apartments (planned)

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Florida’s Turnpike

S Dixie Highway (US-1)

Kira’s Apartments

A New York duo submitted plans to build 55 apartments in Goulds on a 2.5- acre site at 21401 SW 112th Avenue. Acquired in 2004, the couple recognizes a current need for apartments in the area, citing recent additions for elderly and veterans communities. Kira’s Apartments, designed by axioma3, would have three buildings, ranging from two to three stories.

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