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Global City & Gilu Development's 23-Story Tech Tower Gets Green Light in Miami's Sweetwater District

Traded Media
by Traded MediaShare
Florida
Development Site
Mixed Use

Tech Tower celebrates its recent approval for construction in the vibrant Sweetwater neighborhood of Miami. This monumental 23-story apartment edifice is set to deliver 170 modern living spaces, with 20 percent (34 residences) deliberately allocated for workforce housing. This soaring structure is thoughtfully designed to house a total of 678 beds, promising a harmonious blend of style and functionality for its future residents.

Embracing a Lifestyle of Luxury and Convenience

Immense convenience and luxury combine at Tech Tower, offering a plethora of communal amenities to enrich residents' lives. The meticulously planned facilities include a serene yoga lawn, a cutting-edge fitness studio, and an exquisite residents' lounge for relaxation and social gatherings. A standout feature awaiting residents is the enchanting rooftop pool deck and club room, promising exclusive leisure experiences. Moreover, the blueprint envisions 4,202 square feet of retail space, with potential tenants yet to be disclosed. Situated on a spacious 1.15-acre site just north of Florida International University (FIU), this towering edifice caters not only to students but also to a diverse range of discerning individuals. Recent transactions reflect an evolution in value, as an affiliate of Global City Development and Gilu Development & Holdings acquired the property for $10 million in June 2023, a substantial increase from its previous sale price of $5.2 million in 2018.

Embracing the vision set forth by Arquitectonica, a masterpiece of architectural finesse is set to grace the vibrant streets of Miami at 10941 SW 7th Street. The anticipated Tech Tower is slated to redefine the skyline with its sophisticated design, promising to elevate the allure of the surrounding area near FIU. This architectural marvel aims to seamlessly blend elegance with functionality, breathing new life into the bustling Miami-Dade County.

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