Estate Cos. Plans 75-Unit Multifamily Project in South Miami

Key Points

• Estate Cos. earmarks a six-story, 75-unit apartment project in South Miami just steps from its headquarters at 6914 SW 62nd Ave.

• Unit mix is rental-friendly with one-bed to two-bed plans (500–850 sq ft) plus resort-style amenities.

• Developer’s broader Florida pipeline is growing, reflecting confidence in South Florida multifamily markets.

South Miami may soon get a new rental community as The Estate Companies pushes forward with plans for a six-story, 75-unit apartment building at 6914 SW 62nd Avenue. The proposal targets strong renter demand in Miami-Dade’s multifamily sector and adds to Estate’s expanding Florida pipeline.

Project Snapshot

Location and Scope

The Estate Cos. is planning a six-story mid-rise community adjacent to its South Miami headquarters on a roughly 34,957-sq-ft site.

The project includes 75 apartments with three core floorplans from one-bed to two-bed — most between 500 and 850 square feet.

Designed by Caymares Martin Architecture, the building will be constructed three feet above grade to enhance flood resilience — a key consideration for development in South Florida.

Amenity Package

Residents would enjoy a resort-style pool and a relaxed outdoor lounging area.

There’s also about 890 square feet of indoor amenity space on the third floor — a tenant draw for renter retention and premium rents.

Why This Matters for Investors

Localized Development Near HQ
Estate is building close to home — literally — which suggests strategic confidence in the South Miami market. Being near their own headquarters could help the firm streamline approvals and quality control.

Appealing Unit Mix in a Tight Market
The unit sizes (500–850 sq ft) and diversified layouts — including dens — cater to a range of renters from young professionals to downsizers. This mix can support strong absorption and stable rent growth in a market where demand outpaces supply.

Part of a Larger Florida Push
Estate’s broader pipeline underlines momentum in South Florida’s multifamily market. The firm is also advancing Soleste on the Trail, a 255-unit project in Riviera Beach, backed by a multi-million construction loan, and has roughly **5,000 units and 153,000 sq ft of commercial space underway across the region.

Market analysts have pointed to relative strength in South Florida’s multifamily sector compared with office and other commercial property types — showing more resilience in rents and investment activity.

Investor Takeaways

Upside Potential
This project meets the growing demand for well-amenitized rental housing in Miami’s prime submarkets. Its amenity set and floorplan variety could support higher occupancy rates and rental premiums versus older stock.

Flood-Mitigation Design Adds Value
Building above grade to address flooding risks isn’t just smart planning — it’s a potential insurance and maintenance risk reducer that can appeal to lenders and institutional capital.

Pipeline Diversity
Estate’s multi-project pipeline increases its footprint and speaks to broader investor confidence in Florida’s rental growth, which could further strengthen comps in South Miami.

Solid Demand
For landlords and CRE investors watching South Florida, Estate Cos.’ six-story South Miami proposal is another positive signal for multifamily demand and development fundamentals. With a solid unit mix, thoughtful amenities, and resiliency design, this project aligns with rental market priorities and could deliver stable returns in a competitive market.