1501 SW 37th Ave
Greystone acquired a shovel-ready development site located at 1501 SW 37th Avenue in Miami, FL for $8.8 million. The project lies on an approximately 34,000 square foot (net) lot that will be developed into approximately 91,000 square feet of residential and 6,500 square feet (net) of ground-floor retail space.
Borges and Associates, a leading world-class architectural and design firm, envision a 14-story building, with amenities including: an outdoor pool and spa, club room, business center and a fully equipped, 24-hour fitness center. The development plan is fully approved and includes a total of 100 residences with one- and two-bedroom apartments. All units are anticipated to have private balconies, with two townhouse-style units boasting rooftop terraces.
1501 SW 37th Avenue is slated for completion in the first quarter of 2018. The property is ideally situated within walking distance to Downtown Coral Gables and Miracle Mile.