University Developments,a partnership between Miami-based Global City Development, Reichmann International and Podium Developments have revealed plans for the development of the first student housing condominium in the Miami market. The project will be located across the street from the main campus of Florida International University (FIU). Located at 740 SW 109th Avenue, University Bridge Residences will feature a 20 story tower with 492 units, and a dedicated connection to the campus via the 8th Street pedestrian bridge. Florida International University is the fourth-largest university in the United States by enrollment, with more than 55,000 students, but only eight percent of the student body lives in college-owned, operated or affiliate housing. The complex is slated for completion in time for the 2020-2021 academic year. Ranging in size from 317 to 1,634 square feet, the residences range from studios to 4-bedroom units, as well as three and four bedroom townhouses with prices ranging from $190,000’s to more than $600,000.
“This is a truly unique opportunity for condominium buyers looking to diversify their real estate portfolio,” adds Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate, the exclusive sales and marketing brokerage for University Bridge Residences. “The project is ideally priced and the demand is compelling.”
