Surrounded by the ocean and boasting an envy-inducing sunny weather (sorry, New York!), Miami is an increasingly attractive place to live, work, and play. It’s got a bustling business core, a thriving arts scene, and bountiful entertainment options. Who can resist to its appeal? While tourists come and go, the number of folks who decide to settle down in The Magic City is steadily growing.
To keep up with the higher housing demand, developers are putting all efforts into designing and building fabulous rental projects – fit for a seemingly fabulous city. So what did last year bring, in terms of new units? Yardi Matrix data shows that out of 44 rental developments (of 50+ units) completed in 2015 in the entire South Florida area, 14 properties are located in Miami, adding 3,272 new units to the city’s rental inventory.
From luxury high-rises on the ocean shore (Shorecrest Club) to picturesque townhouse communities (Green Turtle Club), there’s something appealing for all tastes and pockets. What do most of these projects have in common? Location, location, location, plus luxurious interior finishes and sought-after community perks.
See for yourself – here’s the list of the 10 largest rental developments in Miami completed in 2015:
#10. 25 Mirage: 171 rental units
Address: 162 NE 25th Street, Miami, FL 33137
Rental types: 60 one-bed apartments, 76 two-bed apartments, 35 three-bed apartments
Property size: 199,370 sq.ft., 11-story building (over 8,162 sq. ft. of retail)
Short description: 299 parking spaces. Swimming pool with large pool deck. Spectacular views of the Miami skyline. Fully equipped, on-property fitness center. Covered parking garage. Granite countertops. Porcelain tiles in bathrooms. Full size washer and dryer machines. Controlled access.
Photo credits: Yardi Matrix
#9. Soleste West Gables: 206 rental units – Check availability
Address: 2101 SW 67th Avenue, Miami, FL 33155
Rental types: 8 live-work apartments, 114 one-bed apartments, 78 two-bed apartments, 6 three-bed apartments
Property size: 178,916 sq.ft., four- and seven-story building
Short description: 292 above ground and subterranean parking spaces. Plush carpeting in all bedrooms. Side-by-side refrigerator with ice maker. Electronic thermostat. Gourmet kitchens. World-class fitness studio. Spacious sun deck with private cabanas. Computers and cyber cafe. Resort-style swimming pool.
Photo credits: Soleste West Gables Facebook Page
#8. 4th Street Commons: 208 rental units
Address: 10899 SW 4th Street, Miami, FL 33174
Rental types: 28 studios, 34 one-bed apartments, 42 two-bed apartments, 104 four-bed apartments
Property size: 199,743 sq.ft., 8-story building (includes 4,800 sq. ft. of retail)
Short description: Student housing. 312 parking spaces. Location near FIU – walk to class. All units individual by-the-bed leases. The 4th Club, a luxury resident lounge club. Resort-style swimming pool and hammock lounge. Outdoor grilling stations. 24-hour fitness facility. Some utilities included. Private group study rooms.
Photo credits: 4th Street Commons Facebook Page
#7. Green Turtle Club: 248 rental units
Address: 13770 SW 143rd Street, Miami, FL 33186
Rental types: 248 two-bedroom townhouses
Property size: 362,000 sq.ft., 30 two-story buildings
Short description: 434 parking spaces. 17-acres of low density, 2-story townhomes. Tropical landscaping. Large pool, hot tub, and a very well equipment fitness center. All townhomes are separated by concrete block walls with high quality sound proofing. Private residential entryway. Key West style architecture.
Photo credits: Green Turtle Club Website
#6. Aviva Coral Gables: 276 rental units
Address: 13880 Bird Road, Miami, FL 33146
Rental types: 16 studios, 30 one-bed/alcove apartments, 115 one-bed apartments, 115 two-bed apartments
Property size: 248,945 sq.ft., 8-story building
Short description: 414 parking spaces. Over 20 distinct floor plans. Custom Italian kitchen and bathroom cabinets. Washer and dryer in every home. Modern quartz with dark engineered wood floors. Outdoor heated saltwater pool with reflecting pool and spa. Dog washing station. Community outdoor grilling and dining area. Spin bike room.
Photo credits: Aviva Coral Gables Facebook Page
#5. The Park at Kendall: 296 rental units
Address: 16480 SW 137th Avenue, Miami, FL 33177
Rental types: 112 one-bed apartments, 136 two-bed apartments, 48 three-bed apartments
Property size: 323,232 sq.ft., 14 two- and three-story buildings (first floor includes parking)
Short description: 446 parking spaces. Resort pool area with expansive veranda and cabanas. Clubhouse. Outdoor billiards table. Dog park. Business center. Cyber cafe. Children’s playroom.
Photo credits: The Park at Kendall Facebook Page
#4. Altis at Kendall Square: 321 rental units
Address: 19650 SW 93rd Street, Miami, FL 33196
Rental types: 14 studios, 103 one-bed apartments, 170 two-bed apartments, 26 three-bed apartments, 8 three-bed townhouses
Property size: 331,038 sq.ft., 13 three-story buildings, includes 7,045 square feet of retail
Short description: Oversize walk-in and bonus closets. Intrusion alarms. Designer espresso wood vanities. Private balconies and patios. Fitness center. Volleyball court. Pool. Spa. Clubhouse. Green features. Business center. Pet-friendly community with dog park. Views.
Photo credits: Altis at Kendall Square Facebook Page and Website
#3. AMLI Dadeland: 350 rental units
Address: 8250 SW 72nd Court, Miami, FL 33143
Rental types: 15 studios, 3 one-bed/alcove apartments, 185 one-bed apartments, 143 two-bed apartments, 4 three-bed apartments
Property size: 298,111 sq.ft., two 5- and 6-story buildings
Short description: Green building – LEED – proposed. 700 parking spaces. Smoke-free community. Two resort-style salt water pools. Fitness studio. Aerial yoga studio. Resident bowling alley. Business lounge. Designer kitchen cabinets and tile backsplashes. Full-size washer & dryer in every apartment. Bright and open floor plans. Programmable thermostats.
Photo credits: AMLI Dadeland Facebook Page
#2. SoMa at Brickell: 418 rental units
Address: 145 SW 13th Street, Miami, FL 33130
Rental types: 96 studios, 202 one-bed apartments, 120 two-bed apartments
Property size: 329,919 sq.ft., eight-story building
Short description: Green building – LEED – proposed certified Silver. 600 parking spaces. Polished granite countertops. Espresso cabinetry. Views of the Biscayne Bay/Downtown Miami. Rooftop resort, aqua lounge and cabana area with grills. Fitness center. Yoga studio.
Photo credits: SoMa at Brickell Website
#1. Shorecrest Club: 465 rental units – Check availability
Address: 7950 Bayshore Court, Miami, FL 33138
Rental types: 320 one-bed apartments, 145 two-bed apartments
Property size: 427,955 sq.ft., two 20-story buildings (first floor includes 6,000 sq.ft. of retail)
Short description: 700 parking spaces. Panoramic views of the Miami skyline. On-site concierge service. Pet-friendly. State-of-the-art fitness center. Clubroom overlooking Biscayne Bay. Dock with water access. Modern business center. Full service restaurant. Theater. Sparkling resort-style pool.
Photo credits: RENTCafe