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Developers acquire 21-acre parcel for Homestead mixed-use project

The apartments will be in six five-story buildings at the property's rear. Courtesy of The Estate Companies.

The Estate Companies (EIG) and Midtown Group recently acquired a 20.8-acre development site in Homestead for $14 million. It’s located at the southeast corner of Southwest 312th Street/Campbell Drive and Northeast 30th Avenue. 

EIG, a South Florida luxury apartment developer, and Midtown, a Miami-based commercial builder, plan to develop the Soleste Midtown mixed-use rental village on the site. 

The community will comprise 354 luxury garden apartments and about 43,000 square feet of commercial space. EIG will develop and own the residential portion, while Midtown will develop and own the commercial component. Work is slated to begin this summer. 

The apartments will be in six five-story buildings at the property’s rear, behind six commercial outparcels fronting Campbell Drive and centered along a promenade. Apartments will range from 676 to 1,131 square feet. Resident amenities will include a 7,000-square-foot clubhouse, resort-style pool and children’s playground.  

“Soleste Midtown was designed as a village to offer future residents and surrounding neighbors with an experience,” EIG Principal Jeffrey Ardizon said in a press release. “It’s not merely some place to sleep, but an extremely amenitized community with some of the best restaurant, entertainment, and dining options in town, including all of the existing establishments steps away, like Publix, Starbucks, Walgreens, Baptist Hospital, banks, offices, Chick-fil-A, etc.” 

The commercial parcels will front Campbell Drive and be centered along a promenade. Courtesy of The Estate Companies.

May 2024. South Florida Agent Magazine.


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