Thanks to a windfall of foreign investments in the city, downtown Miami has been in the midst of a luxury condo boom for the better part of the last two years. Surging real estate sales are changing the landscape of South Florida’s biggest city, and for all the benefits the boom has had on the regional economy, it’s left some renters in need of apartment space. Now, developers are beginning to capitalize on this renewed demand for rentals as well.
Completed late last year, Alta Dadeland is a $128 million mixed-use property that features 431 apartment units and 2,000 square feet of adjacent retail space. It was designed by the Houston-based firm EDI-International and built by Wood Partners L.L.C.
Alta Dadeland’s residential space is housed in two separate towers joined by a pedestrian bridge. Behind the towers, residents can access a six-story parking structure with a resort-style pool deck on the roof.
“Since it’s still not easy to buy a home in today’s market, many young professionals are renting by choice, said Dave Thompson, the Florida development director for Wood Partners in an interview last year. “Renters like the flexibility that comes with renting. Also, in Miami-Dade there’s a shortage of new product since a vast amount of apartment stock was converted into condominiums.”
The location for Alta Dadeland was carefully chosen based on its proximity to public transit, entertainment venues and employment opportunities. Residents can commute to work via two nearby Metrorail stations, and shop at the popular Dadeland Mall which is within walking distance of the community. Alta Dadeland is also less than two miles from the region’s largest employers, Baptist Health South Florida and the University of Miami.
Here at Construction Protection Systems we’re proud to have had the opportunity to play a part, however small, in the development of this essential residential space in Miami-Dade County. Stay tuned for more updates from the makers of 1-2-3 Door Shield – the original, reusable door protection system.