Utilities Deal Signed At Midtown Six; 200 Units Already Leased At Midtown Five

Construction is getting closer to beginning at Midtown Six.

Midtown Opportunities signed a utilities deal this month to allow for construction of the project. According to the agreement, it will include:

  • 447 apartments
  • 40,000 square feet of retail

Magellan Development Group of Chicago is the developer, after completing the 400-unit Midtown Five next door.

According to the SFBJ, Midtown Five passed 50 percent occupancy after opening earlier this year. Rental prices range between $2,150 to $2,610 for a one-bedroom, $2,665 to $3,639 for a two-bedroom and $4,539 to $5,313 for a three-bedroom unit.

 

the site last week:

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Anonymous
4 years ago

I really like the amount of glass used in Midtown 6 and Midtown 5

Anonymous
4 years ago

Beautiful building and retail.. very elegant!

Amazing transformation.. from a old rail yard.. never would have imagined it.

Anonymous
4 years ago

this looks like a condo building.

Anonymous
4 years ago

I don’t think the market conditions and increasing inventory of units will allow those rents to fetch the desired prices these landlords are looking for. Pricing needs to remain competitive or they’ll sit pretty and empty

Anonymous
4 years ago

You will be surprised to see this tower fill up in 5 months

Anonymous
4 years ago

Yes, 12k people arriving to Miami every year won’t be enough to fill this building, lol…

Anonymous
4 years ago

I hope not, those rents are ridiculous

Anonymous
4 years ago

Cool
Totally cool building.
Glad to see the area fill in those empty lots with nice towers

Anonymous
4 years ago

Very nice facade. I went to Sugarcane the other day and saw Midtown 5 for the first time, I was impressed with the fact that the building is curved lthe way it is. Again we are talking about a rental building here

Anonymous
4 years ago

Great to see Midtown building out, but scared for that little road.

Anonymous
4 years ago

It is actually not that bad but 36th is horrible.

Anonymous
4 years ago

Move to Ocala

Anonymous
4 years ago

Leave Ocala alone! At least they have some tall respectable buildings. LOL more like move to Titusville!

Anonymous
4 years ago

Ocala? This is one tiny road with limited access about to have 10 towers plus all the non-local traffic. Please tell me a city that would plan with that amazing infrastructure.

Anonymous
4 years ago

yeah.. more alligators than cars there..

Anonymous
4 years ago

All this new units will be adverse for the market…… give the market some time to absorbe what’s already built , that’s why we have been in this roller coaster for the las two cycles , investors are getting hurt over and over , and starting to leave Miami and moving their capital to more stables cities ……

Anonymous
4 years ago

Hey Jorge Perez Jr., this is a RENTAL apartment building.

Anonymous
4 years ago

Hahahaha