Neology has successfully secured financing for Fourteen Main Street Residences, a mixed-use development in Miami that will consist of two towers and 237 apartment units. The loan of $63.5 million was provided by Starwood.
The property is located at 1470 NW 36th Street and is situated in a Qualified Opportunity Zone within the Allapattah area of downtown Miami. It comprises a 14-story building with 180 apartments and a five-story building with an additional 57 apartments, including ground-floor walk-ups. The units range from studios to one- and two-bedroom options, ranging from approximately450 to1,000 square feet.
Residents can enjoy various lifestyle amenities such as original artwork throughout the buildings, access to a rooftop pool and clubhouse spanning over12,000 square feet,poolside cabanas,coworking spaces,and afitnessand wellness center.The project is expected to be completed by Q1of2025.
Conveniently located on NW36thStreet,the property offers easy access to public transportation via the Allapattah Miami Metrorail Station.Additionally,itis justa short walk awayfrom popular attractions like the Rubell Museumand SuperBlue art galleries.
Berkadia’s Charles J.Foschini ,Christopher Apone,Lourdes Carranza-Alvarez,and Shannon Wilsonof Berkadia Miamihave played an integral rolein securing this loan for Neology.
