NYSE-listed Aimco says an apartment building in Edgewater was quickly leased after construction, in a sign of continuing strong demand for the area.
The Hamilton, which includes 276 apartments, was gut renovated by the developer. Construction was completed in April.
According to an earnings report released in May, more than 90% of units were already leased, at rates that were “well ahead of underwritten estimates.”
In a presentation by the company on June 6, the company also listed the earliest vertical construction date for projects in the pipeline.
Hamilton House, with 241 multifamily units, has an earliest vertical construction date of 1Q 2024.
3333 Biscayne, with 650 multifamily units and 176,000 leasable commercial square feet, has an earliest vertical construction date of 1Q 2024.
One Edgewater, with 204 multifamily units, has an earliest vertical construction date of 3Q 2024.
The company’s Brickell Assemblage, with 1,500 multifamily units and 500,000 leasable commercial square feet listed in the new presentation as being in the pipeline, has an earliest vertical construction date of 2Q 2027.