Neology Development, led by Lissette Calderon, announces it has begun construction on its third, lifestyle-driven residential community in Miami’s Allapattah neighborhood. The $70 million “Fourteen Allapattah Residences” will deliver 237 apartments, along with 5,000 square feet of ground-floor retail, to one of Miami’s most dynamic emerging neighborhoods. The property, which will open in early 2024, enjoys a highly visible location on NW 36th Street just 5 minutes west of Wynwood and 10 minutes east of the Miami International Airport, within a federally designated Opportunity Zone.
The ceremony included remarks from public officials, including Miami-Dade County Mayor Daniella Levine Cava, Robert Behar of Behar Font Architects, Abel Ramirez of Jaxi Builders, Jared Mintz of AOZA Fund, Jeff Rosenfeld from Churchill Real Estate and Ralph Calderon of Neology Development.
“Allapattah continues to be a place that welcomes people from all walks of life and economic backgrounds, and we are honored that it has embraced Neology as well,” said Calderon. “We owe a big thank you to Mayor Daniella Levine Cava, Commissioner Alex Diaz de la Portilla and Commissioner Keon Hardemon, and their wonderful teams; to Churchill Capital for backing our vision with financing; and to the brilliant building and design team that has helped us achieve unprecedented quality over many years. Lastly, a big thank you to my partners, my former Wharton Professor and mentor Peter Linneman, along with his team of Jared Mintz and Kelley Brasfield of AOZA Fund
Neology, founded by Calderon 20 years ago with the launch of her first condo project on Miami River, now has a portfolio now consists of more than 1,500 apartment units completed or under construction in Miami’s urban core, including The Julia, an upscale apartment community that will open in 2023, and Neology’s flagship Allapattah project, No. 17 Residences Allapattah, which opened in 2021 and leased up in record time.
Fourteen Allapattah Residences will consist of a 14-story building with 180 apartment units connected via a pool deck to a five-story building with 57 apartments including ground floor walk-ups. It will offer studio, one- and two-bedroom units ranging from 450 to 1,000 square feet. Apartments will feature European-inspired cabinetry, quartz countertops, energy-efficient kitchen appliances, in-unit washers and dryers, energy-efficient AC and heating systems, and smart home technology adaptors. Lifestyle amenities will include curated original artwork, a multipurpose lobby, media lounges, living rooms, a rooftop pool and clubhouse, poolside cabanas, coworking spaces, conference rooms, an outdoor movie screen, an indoor and outdoor fitness and wellness center, with a yoga and cardio studio, dog park with dog wash area, bike storage, virtual concierge and smart package lockers, and a parking garage with electric car charging stations as well as a ride share lobby.
The contractor for Fourteen Allapattah Residences is JAXI Builders, Inc.; the architect is Behar Font Architects; the interior design is by designBAR; and Witkin Hultz Design is the landscape architect and GT Law provided legal counsel. Bilzin Sumberg Law’s Suzanne Amaducci-Adams and Manny Gonzalez led the transaction on behalf of the borrower.
ABOUT NEOLOGY DEVELOPMENT GROUP
Neology Development Group is a lifestyle-driven residential and commercial real estate firm that specializes in the transformation of undervalued communities into sought-after neighborhoods. Founded by developer Lissette Calderon, Neology has been active in condo and apartment development for over two decades and is best known for the successful transformation of the Miami River District with the most recent redevelopment of Pier 19 Residences & Marina. Neology’s completion of No. 17 Residences Allapattah, located in Miami’s former fruit-packing district, cemented Neology’s reputation as pioneers in urban redevelopment and is the catalyst of Allapattha’s residential renaissance. Neology has built over 1,500 for sale condominiums and it’s current portfolio consists of 1,500 owned apartments built or under development in Miami’s urban core, with a pipeline of over 1,500 hundred more units under pre-development in South Florida and beyond. For more information, visit Www.NeologyLife.com.
