A pair of residential projects near the Miami River and in Edgewater are closer to moving to the permitting phase.
The Miami Design Review Board on Thursday approved plans for River District 14, a proposed condominium by Alta Development on a six-parcel site at 1451 Northwest 14th Street less than half-a-mile from the Miami River.
The board also gave the green light to Chicago-based Trilogy Real Estate Group’s Residence 27, an apartment building at 169 Northeast 27th Street and 2728 Northeast Second Avenue in Edgewater, near the border of Midtown Miami and Wynwood.
River District 14
Designed by Coral Gables-based Behar Font & Partners, River District 14 would rise 16 stories with 282 condos and 326 parking spaces, according to plans submitted to the city of Miami. Units would range from 520-square-foot studios to 880-square-foot two-bedroom units. Potential buyers will be allowed to rent units on a short-term basis, according to published reports.
Miami-based Alta, led by principal Henry Pino, bought the six properties for $14.6 million last year. The assemblage totals 1.3 acres.
Pino founded Alta in 2020 after leaving the similarly-named, unaffiliated firm Alta Developers, which is led by CEO Raimundo Onetto. Also last year, Pino’s Alta paid $15 million for a three-story apartment building with 24 units and a vacant lot in Brickell. He’s planning to redevelop the properties into a 38-story tower with 320 apartments.
Residence 27
On a site currently used for soccer fields, Trilogy is proposing a 20-story building with 247 apartments, 7,800 square feet of retail and 374 parking spaces, according to city documents. Apartments would range from 581-square-foot studios to three-bedroom units spanning 1,336 square feet.
Trilogy, led by Neil Gehani, paid $12.5 million for the nearly 1-acre site in 2021. Founded in 2009, the firm joins a slate of out-of-state developers building new multifamily projects in Edgewater. Trilogy is also developing Residence 23, a proposed 36-story multifamily tower at 2201 Northeast Second Avenue. The firm paid $30.6 million for the 1.6-acre site last year.