Ram Realty, Pinnacle Launch Luxury Miami High-Rise
The transit-oriented project is scheduled for completion in 2027.
Ram Realty Advisors and Pinnacle Communities have kicked off construction of a 16-story, 334-unit apartment building in Aventura, Fla., between Miami and Fort Lauderdale. The first units are slated for completion in mid-2027, with preleasing beginning early that year.
The property will offer a mix of one-, two- and three-bedroom units, with 10 percent of the residences reserved for workforce housing.
Interior details at the Aventura development include open-concept kitchens with quartz countertops, large islands, stainless steel appliances, front-loading washers and dryers and bathrooms with frameless glass showers.
All units will have hard surface flooring throughout living areas and bedrooms, with tile in the bathrooms, and floor-to-ceiling glass in each living room. Some units will feature private terraces and ceilings up to 14 feet.
Common-area amenities will include a fifth-floor pool deck, clubroom with private dining area, golf simulator, 24/7 resident market, and a fitness center with indoor/outdoor training zones and an activity room for children. Residents will have access to a spa featuring cold plunges and a sauna, as well as a music room, coworking lounge, podcast studio and private rentable offices.
A private outdoor park will offer a dog walk, playground, grilling and dining spaces, communal seating and a pickleball court — which is a rare feature in the Aventura multifamily market, according to the developers. There will also be four levels of parking.
The property counts as transit-oriented, with its location near the Aventura Brightline Station, with train access to downtown Miami, Fort Lauderdale and Orlando, among other stations. The development is also less than a quarter mile from the 2.7 million-square-foot Aventura Mall.
Kaufman Lynn Construction is the project’s general contractor. Other members of the project design team include Baker Barrios, NC Studio, Ford Engineering, McNamara Salvia and Wilson & Girgenti.
Metro Miami Multifamily Development Dips
Miami-Dade’s multifamily stock expanded by 2,872 units this year through April, Yardi Matrix reports, or the equivalent of 0.8 percent of existing stock. That’s roughly the same increase as the overall multifamily increase nationwide.
Developers are still keen to build in greater Miami-Dade, with 34,415 units under construction as of April. Even so, Yardi Matrix expects a total of 13,620 units to come online in South Florida this year, marking a sharp drop from 2024, when over 20,000 units came online.
Multifamily occupancies have generally stabilized in South Florida. The occupancy rate for stabilized multifamily properties in greater Miami-Dade came in at 95.4 percent as of March, marking a 10-basis-point decrease year-over-year, according to Yardi Matrix. Rental growth has barely budged recently, up 0.1 percent on a trailing three-month basis as of April.
