Lease-Up Of 323-Unit Apartment Building Reached In Under Six Months

Developer Neology says it has achieved lease-up for its newly completed Allapattah apartment building, known as The Julia Residences.

The 14-story, $140 million tower is named after Julia Tuttle, the founder of Miami.

The 323 “attainable luxury” apartments are now 95% occupied, which took less than six months.

Neology’s first project in Allapattah, No. 17 Residences, also quickly achieved 95% lease-up.

Its third Allapattah project, Fourteen Main Street Residences, is expected to receive TCO and welcome its first residents by Q1 of 2025.

 

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Truth Matters
15 days ago

This is a great project. I’m not suprised it leased up so quickly

Anonymous
15 days ago

More of this needed in Allapattah and Liberty City along major streets. A lot more.

Cover the Podiums
15 days ago

Exactly, there is so much demand for workforce housing, which is why local government should force developers to build a certain amount of regular buildings before starting their ultra luxury towers.

Anon
15 days ago

“Government should force developers”

This is America bro, we believe in freedom

Captain Jay
15 days ago

Government forces you to pay taxes so clearly not too much freedom if it’s for the common good and reasonable.

Anon
15 days ago

So, because I pay taxes to drive on the highways and to keep Kim Jong Un Wong Foo from dropping a nuke on my head, developers should be forced to build unprofitable projects? Say what Jay?

Anon
15 days ago

A government forcing developers to build unprofitable projects isn’t reasonable. If you owned a restaurant, would you like it if the government forced you to give away your meals for free for 1 week per month because some people can’t afford to eat at your restaurant?

Anon
15 days ago

Thinking that the government should have the power to step in and tell developers that they MUST develop “regular buildings” before they are ALLOWED to build luxury on land that they ALREADY OWN is insane.

We need LESS government involvement in building, not more!!!!

Anon
15 days ago

How does being forced to pay taxes have anything to do with a company being forced to undertake unprofitable development projects?

Anonymous
15 days ago

So shouldn’t that tax go to an affordable housing fund? Oh wait, they squander it just like the Metrorail penny tax.

Cover the podiums
15 days ago

Bro we have eminent domain in America, it’s not as free as you think. As long it’s for the greater good, developers should have more regulations its all I’m saying

Anon
15 days ago

Go look at what Eminent Domain is actually used for.

Anon
15 days ago

The government should force you to work on affordable housing construction projects pro bono before you draw a check from your regular job. You want to help out too, right?

Fee Dell
15 days ago

Do you have a beard and a funny cap to go with your posts?

Genus Podium
15 days ago

The government should “incentivize” developers. Fixed for it for you.

Cover the podiums
15 days ago

Agree

Anonymous
15 days ago

But not all of us want to live in a soviet-style hellhole. I prefer looking at the luxury towers.

Anon
15 days ago

Then developers would simply develop less and away from areas with such a draconian requirement. Then prices would rise even more. You can’t outsmart people smarter than you.

Cover the Podiums
15 days ago

Not true. They wouldn’t be able to resist investing in Miami. Do you know how much money Related and Swire have made on avg. from their projects? I don’t think you guys even know their insane profit margins.

Anon
14 days ago

^^and take away those margins by requiring they develop money losers 1st and they’ll develop elsewhere. Supply will decrease and prices will rise even more. Like I said, you government wonks and Bernie voters can’t outsmart people smarter than you. Jorge Perez and Henry Bott didn’t get to where they are by being intimidated by brainless bureaucrats.