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
Sports and Recreational Facilities | Jan 25, 2018
Virginia Beach: A surf town with a wave problem no more
A world-class surf park will highlight Virginia Beach’s new live-work-play development.
Market Data | Jan 25, 2018
Renters are the majority in 42 U.S. cities
Over the past 10 years, the number of renters has increased by 23 million.
Resiliency | Jan 24, 2018
A luxury community in Florida mandates resilience in new-home construction
Alys Beach’s in-house GC builds to standards set by the FORTIFIED program.
Multifamily Housing | Jan 24, 2018
Apartment rent rates jump 2.5% in 2017, led by small and mid-sized markets
The average price for one-bedroom units increased the most.
Multifamily Housing | Jan 17, 2018
The Concours at Carlisle: A condo community for gearheads
The new development will represent the only auto condo community in Central Pennsylvania.
Mixed-Use | Jan 16, 2018
Mixed-use development under construction in Detroit’s central business district
The development is being built on the former site of the Statler Hotel.
Multifamily Housing | Jan 10, 2018
Multifamily 2018 outlook: Developers tap the brakes, but will maintain historic pace
Multifamily developers are poised to register the second-highest annual completions count of this cycle in 2018, but with fewer completions than 2017’s cycle peak, according to a CBRE report.
Multifamily Housing | Jan 9, 2018
New 58-unit luxury apartment building under construction in Chicago’s Gold Coast neighborhood
The 8-story building will feature two- and three-bedroom residences.
Multifamily Housing | Jan 5, 2018
Let’s discuss the Energy Star Multifamily High-Rise Program
The demand for rental housing has been on a steady climb since 2004.
Multifamily Housing | Jan 4, 2018
Shigeru Ban’s mass timber tower in Vancouver gets city approval
The 232-foot-tall Terrace House luxury condo development will be the tallest hybrid wood structure in North America.
