IMC Equity Group has closed on a $54 million construction loan to advance Northside Town Station, a planned 244-unit apartment community in Miami. The financing allows the company to begin construction of a seven-story residential building that will incorporate ground-floor retail space. The project is located at 2995 N.W. 79th St., on the west side of IMC’s existing Northside Shopping Center.
The Northside Town Station plan calls for an apartment building with 244 residential units positioned above approximately 15,000 square feet of street-level retail. According to the report, 12.5% of the apartments will be designated as workforce housing. The development is scheduled for completion in summer 2027, adding new multifamily inventory alongside neighborhood-serving retail.
Synovus Bank is providing the $54 million construction loan for the project. The total construction cost for Northside Town Station is reported at $74 million. With the loan now in place, IMC Equity Group is moving forward with work on the site, bringing another phase of its broader Northside-area initiative into development.
Strategic Builders has been selected as the general contractor for Northside Town Station, and Realization Architects is responsible for the building’s design. The project is conceived as a mid-rise structure, with its residential component supported by a retail base that is intended to serve both building residents and the surrounding community.
The new development will rise adjacent to IMC’s Northside Shopping Center, where current tenants include Presidente Supermarket and Planet Fitness. Northside Town Station will be situated on the shopping center’s west side, further densifying the mixed-use environment around the existing retail complex.
IMC previously completed the Northside Vistas apartment property on the north side of the same shopping mall in summer 2025. That earlier phase delivered additional housing options to the area and is part of the same broader node of development around the retail center. The newly financed Northside Town Station represents the next step in that expansion.
Units at Northside Vistas, referenced in the report, range from 622 to 1,155 square feet. Rents there are cited as running from $2,150 to $2,625 per square feet, providing a reference point for how IMC’s multifamily product has been positioned in the immediate area. While specific unit sizes and rents for Northside Town Station were not detailed, the inclusion of a workforce housing component indicates a mix of income-targeted and market-rate apartments.
Taken together, the construction financing, planned workforce housing allocation, and integration with existing retail space highlight an ongoing intensification of multifamily and mixed-use development around Northside Shopping Center in Miami.
