search

The Real Deal Logo

Trending

Meet the real guy behind anonymous “StripMallGuy” X accountMeet the real guy behind anonymous “StripMallGuy” X accountJeff Sutton sells 717 Fifth Ave to Gucci for $963MJeff Sutton sells 717 Fifth Ave to Gucci for $963MAdam Neumann’s Flow faces cash crunch at Nashville propertiesAdam Neumann’s Flow faces cash crunch at Nashville propertiesShekhter’s WS Communities loses half its portfolio to lenders after $1.1B in defaultsShekhter’s WS Communities loses half its portfolio to lenders after $1.1B in defaults
South Florida

Greystone plans Coral Gables apartment project

Preliminary design of The Mile apartment building
Preliminary design of The Mile apartment building

Greystone Property Development is making an initial foray into the Miami multifamily market with a planned project near Miracle Mile in Coral Gables.

The New York-based firm has acquired the development site at 3622 Coral Way and hopes to begin construction on The Mile in the first quarter of 2014, Globe St. reported. The Mile is a planned 13-story, 119-unit apartment building with ground-floor retail space. The building’s projected value upon completion exceeds $40 million.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Greystone has formed a joint venture with Miami-based Alta Developers and Strategic Properties for the development. Coral Gables-based architecture firm Behar Font & Partners has been retained to design the building. [Globe St.] — Eric Kalis

Tags
Coral GablesGreystone