Photos Of River Landing, Which Will Include Lantower Apartments Owned By Canadian Reit

Construction continues at the River Landing mixed-use project on the Miami River.

The apartment tower there will be called Lantower River Landing, according to a website. The management company appears to be Lantower Residential, a subsidiary of Canada’s H&R Reit.

H&R owned a mortgage which was converted to an ownership stake last year.

The project includes approximately 345,000 square feet of retail space, approximately 136,000 square feet of office space, 529 multi-family units, and 2,200 parking spaces.

The total cost of the project is expected to be U.S. $424.8 million, the company said last year. Upon stabilized occupancy, the first full year’s property operating income is projected to be U.S. $24.4 million, equating to a 5.7% yield on budgeted cost.

(photos: kelly valle, river landing)