Miami Worldcenter, the 27-acre, $4 billion mixed-use development in downtown Miami, has just received its first completed tower: Caoba. Caoba, which is the Spanish word for mahogany, is a 43-story apartment building that offers 444 rental units located just one block from Miami Central’s new transportation hub.
The tower’s apartments range from studios to three-bedroom units and measure between 500 and 1,300 sf. Units feature 9-foot ceilings, in-unit washers and dryers, and private balconies. Building amenities include a 10th floor resort-style pool deck that overlooks downtown Miami, a rooftop fitness center, a club room with a fully-equipped kitchen, and an outdoor dog-walking lawn.
Courtesy Miami Worldcenter.
See Also: Disused British airfield to become an automotive museum
Caoba also features over 20,000 sf of street-level retail space that creates an east-west pedestrian promenade linking Miami Central with Miami Worldcenter’s “High Street” retail component and public plaza to the east.
Caoba was co-developed by CIM Group and Falcone Group.
Related Stories
Multifamily Housing | May 29, 2020
New multifamily project includes energy storage as an amenity
Each battery is linked to an on-site solar panel array.
Coronavirus | May 26, 2020
Multifamily developers report mounting delays in permitting and starts due to coronavirus pandemic
More than half (53%) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the third edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey.
Multifamily Housing | May 8, 2020
Nashville's newest residential tower will rise 416 feet
Goettsch Partners is designing the project.
Multifamily Housing | May 8, 2020
'Lakehouse' is the first multifamily project in Colorado to receive WELL Precertification
Stantec and Muñoz + Albin are the project's architects.
Senior Living Design | May 5, 2020
5 memory care communities with a strong sense of mission
Communities in California, Colorado, Florida, Maryland, and Virginia display excellence in memory care facility development, design, and construction.
Multifamily Housing | Apr 23, 2020
Tankless water heaters: 12 things to know about these energy savers for multifamily housing
Twelve factors to consider in using tankless water heaters in multifamily housing.
Multifamily Housing | Apr 20, 2020
Multifamily market flattens as construction proposal activity sinks
Multifamily has consistently been one of the strongest performers among 58 submarkets measured in PSMJ Resources’ quarterly survey.
Coronavirus | Apr 15, 2020
COVID-19 alert: 93% of renters in professionally managed multifamily housing paid some or all of their rent, says NMHC
In its second survey of 11.5 million units of professionally managed apartment units across the country, the National Multifamily Housing Council (NMHC) found that 84% of apartment households made a full or partial rent payment by April 12, up 15 percentage points from April 5.
Multifamily Housing | Apr 15, 2020
Related Group picks Stantec to design and engineer Manor Miramar residences in Florida
Related Group picks Stantec to design and engineer Manor Miramar residences in Florida.