Ram Realty Advisors and Pinnacle have paid $15.4 million for a multi-family development site steps from the future Brightline station near the Aventura Mall, marking a rush for construction near major transit stops.
The duo have reclaimed 2.2 acres of land at 19640 West Dixie Highway in the Ojus neighborhood of unincorporated Miami-Dade County, with plans for a 285-unit apartment building that will include 36 units of housing for the workforce, according to a joint press release from Ram and Pinnacle. .
CK Prive Group 196 LLC, run by Bruno Bloch, sold the land, records show.
The Roger Fry Architects-designed building will rise 15 stories on the east end facing the West Dixie Freeway, taper to eight stories in the center and drop to four stories on the west side, the statement said.
Apartments will include studios and one- to three-bedroom units. Kitchens will feature quartz countertops, tile backsplashes, built-in islands, and stackable washers and dryers. Bathrooms will have tubs and walk-in showers with frameless glass doors, according to the statement.
Building facilities will include a swimming pool, business center, gym, club room and interior garden.
Construction is expected to begin in the fourth quarter of this year.
Brightline, the passenger train that connects downtown Miami, Fort Lauderdale and West Palm Beach, is building a stop nearby, also in the Ojus neighborhood. Miami-Dade is funding part of the cost of the station, which sits north of the project and includes a pedestrian bridge to Aventura Mall.
Palm Beach Gardens-based Ram Realty is run by Casey Cummings, according to its website. Pinnacle’s Miami-based partners are David Deutch, Louis Wolfson III and Mitchell Friedman, its website says.
Their project is part of a slew underway near Miami-Dade train stops, either proposed or under construction. Also near the Ojus stop, Chicago-based Fifield Companies plans to develop eight-story, 266-unit Avida Aventura apartments.
In Wynwood, Fifield plans an eight-story, 210-unit apartment project with retail, just steps from a proposed station between 26th and 27th Streets Northeast. It is unclear which rail line will operate there, with possibilities such as the publicly owned Tri-Rail now running through the western regions of South Florida.