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Multifamily

Nov 22, 2023

Neology Development's New 323-unit Lifestyle-centric Allapattah Residences Tops Off

Neology Development Group, under the leadership of its CEO and Founder Lissette Calderon, has reached a significant milestone in Miami's real estate sector.

Neology Development's New 323-unit Lifestyle-centric Allapattah Residences Tops Off
Traded Media
Traded Media

Traded Editorial

2 min read

Fourteen Allapattah Residences: A New Chapter in Miami's Real Estate Scene

Neology Development Group, under the leadership of its CEO and Founder Lissette Calderon, has reached a significant milestone in Miami's real estate sector. The construction of Fourteen Allapattah Residences, the group's third lifestyle-centric residential community in Allapattah, one of Miami's rapidly evolving neighborhoods, has officially topped off.

Allapattah: Miami's Emerging Hotspot

Allapattah is fast becoming a coveted neighborhood in Miami. It's home to a host of prestigious cultural institutions, burgeoning businesses, new restaurants, and nightlife spots. The neighborhood's appeal is further amplified by its proximity to Neology's first Allapattah apartment community, No. 17 Residences, which opened its doors in April 2021 and saw record leasing rates.

Neology's Expanding Footprint

Neology's second Allapattah community, "The Julia," is another testament to the group's vision. Inspired by Julia Tuttle, the original real estate visionary of Miami, "The Julia" is set to offer 323 upscale apartments by 2024. With the topping off of Fourteen Allapattah Residences, Neology continues to strengthen its commitment to enhancing Allapattah's vibrancy and providing an exceptional living experience.

Looking Ahead: Fourteen Allapattah Residences

Fourteen Allapattah Residences, with its high-end apartments, innovative amenities, and prime location, is poised to become a significant landmark in this dynamic community. The anticipation is high for its completion in 2024, with residents eager to call it home.

Neology's Growing Portfolio

Neology's current portfolio boasts over 1,200 apartments recently built or under construction in Miami's urban core. With an additional 1,600 apartment units in the predevelopment phase and a pipeline of 2,000 more units in South Florida and beyond, the group's multifamily portfolio is nearing the $2 billion mark. Neology's partner on this project, AOZA Fund, has a proven track record of creating sustainable real estate value in opportunity zones across the fifty states.

Celebrating a Milestone

The development, design, and construction teams, including JAXI Builders, Inc., Behar Font Architects, and interior designer designBAR, gathered on November 10 to celebrate this significant milestone in construction.

As Neology Development Group continues to shape Miami's real estate landscape, the topping off of Fourteen Allapattah Residences marks another step forward in their journey. With its strategic location and lifestyle-driven design, this project promises to be a game-changer in the Allapattah neighborhood.

#Florida#Multifamily
Published: Nov 22, 2023Last updated: December 1, 2023