Keystone Plans 212-Unit Office-to-Resi Conversion Near Dadeland Mall

Key Points

• 212 Apartments Planned: Keystone is converting two office buildings at 9400 and 9500 South Dadeland Boulevard into 121 and 91 apartments, respectively.

• Hyve Project: The conversions are part of the larger Hyve development, which includes plans for a 25-story, 219-unit apartment tower.

• Adaptive Reuse Trend: While office-to-residential conversions are common in the Northeast, they are rare in South Florida due to economic and structural challenges.

In a region where office-to-residential conversions are uncommon, Keystone Development + Investment is undertaking a significant project in Kendall, Florida. The company plans to convert two office buildings into a total of 212 apartments, marking a notable shift in the area's development landscape.

Conversion Details 

• 9400 South Dadeland Boulevard: A seven-story, 145,400-square-foot office building being converted into 121 apartments.

• 9500 South Dadeland Boulevard: An eight-story, 113,100-square-foot office building slated for conversion into 91 apartments.

• Structural Advantages: The buildings feature smaller floor plates (13,000–20,000 sq ft), poured-in-place concrete floors, and large balconies, making them suitable for residential adaptation.

• Economic Rationale: The office spaces were experiencing slow rental growth and required significant upgrades, making conversion a financially viable option.

Hyve Development Overview 

• Mixed-Use Vision: The Hyve project encompasses the converted apartments and plans for a 25-story, 219-unit apartment tower with a parking podium.

• Amenities: Future phases include retail spaces, restaurants, and green areas, aiming to create a vibrant, walkable community.

• Transit-Oriented: Located near Dadeland Mall and transit options, the development is positioned to attract residents seeking urban conveniences.

Broader Context 

While office-to-residential conversions are gaining traction nationally, with a projected 70,700 units in the pipeline for 2025, South Florida has seen limited activity in this area. Challenges such as building design and economic factors have hindered similar projects. Keystone's initiative could signal a shift in the region's approach to adaptive reuse.