MIAMI | 227 NE 2nd St | FT | 40 FLOORS


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Current Site:

Miami’s Aria Development Group is partnering with Kuwait Real Estate Company AQARAT to build a new 40-story hotel and residential tower in downtown Miami.

The 360,000-square-foot project will be located at 227 NE 2nd Street, on a site where Loft III was once planned. It is situated in between Loft I and Loft II, just west of the Vizcayne condos.

Between 100 and 110 rental units consisting of Studio, one-bedroom and two-bedroom apartments will be targeted at students and working professionals. A 250-room hotel will be operated by Yotel, known for micro-sized rooms.

AQARAT owns a 51% stake in the project. Construction is estimated to be between 18-24 months, with completion in 2017.

Reference:

  1. http://www.thenextmiami.com/index.php/kuwaits-aqarat-develop-40-story-mixed-use-tower-downtown-miami/