Related Group JV Completes Miami Mixed-Use Project
More than 300 units, along with office and retail space, are included in this property.
Related Group, together with Rockpoint, has completed Highley House, a mixed-use building in Miami’s Wynwood Arts District. The property offers 304 residential units, 72,000 square feet of office space and 18,000 square feet of retail. The property is currently leasing.
The project was the subject of a $117.1 million loan in September 2022, originated by Bank OZK, set to mature in September 2025.
The two-tower Highley House has a mix of studios, one-, two- and three-bedroom residences, with floorplans ranging in size from 557 to 1,376 square feet. Amenities at the property include a pool, summer kitchen with grilling area, private cinema, spa, game room, as well as EV charging stations and co-working spaces.
Miami’s Wynwood
Located at 2115 N Miami Ave., Highley House is within 1 mile of several retail options, eateries and supermarkets. The residential towers are some 4 miles north of downtown Miami, while Miami International Airport is 5 miles west of the property. Â
Related Group owns 56 multifamily assets in the Miami market totaling more than 12,700 units, according to Yardi Matrix information. Earlier this year, the company opened another mixed-use property in Miami, less than 16 miles south of Highley House. Residences at SoMi Parc is a 172-unit mixed-income community that marks just the first phase of a transit-oriented master plan.
