New Residential Development in Downtown Miami Begins Offering Leasing Options
Miami’s Downtown/Overtown area continues to see signs of revitalization
One of Miami newest residential developments, Soleste Grand Central, has begun offering leasing contracts for its luxurious property. Billed as Miami’s first large-scale opportunity zone development, Soleste Grand Central will provide 360 units from studio size to three-bedroom homes starting at $1,500 per month.
PTM Partners (PTM) and The Estate Companies (EIG) are partnering on the project as co-developers with the project expected to be completed by the end of June. The 230,430-square-foot property at 218 NW 8th Street is located in Miami’s Overtown neighborhood and features wood style porcelain flooring and modern kitchens with stainless steel appliances, chef’s islands, custom cabinets, quartz countertops and subway backsplashes.
“Our goal for Soleste Grand Central was to add a heightened vitality to Downtown Miami, more specifically Overtown, contributing to the area’s shift in becoming a 24-7, walkable, mixed-use community,” says Robert Suris, managing principal of The Estate Companies.
The property will also include 34,000 square feet of outdoor and indoor amenity space featuring car charging stations, a pool, spa, sun deck, private cabanas, a rooftop lounge with a bar, fitness center, game room, children’s playroom, a dog park, office spaces for rent and dry cleaning services.
“We are confident Soleste Grand Central will exceed the expectations of the members of the immediately surrounding community while attracting the newcomers as part of South Florida’s steady population surge,” says Michael Tillman, CEO of PTM. “If COVID-19 taught us anything in the real estate industry, it’s that the need for accessible housing options that provide premium amenities, especially large outdoor spaces, are valued at a premium by the resident. We have ensured to deliver that with nearly an acre of indoor and outdoor amenity spaces at Soleste Grand Central.”
For more information, visit Solestegrandcentral.com.