Home New loan AMAC Announces Grand Opening and Closing of Construction Loan for 290-Unit Multi-Family Development in Aventura, Florida

AMAC Announces Grand Opening and Closing of Construction Loan for 290-Unit Multi-Family Development in Aventura, Florida

0

AMAC, a national real estate investor and developer, today announced the grand opening of its latest multi-family development in Aventura, Florida. The building, located at 17990 West Dixie Highway, comprises 290 units and is expected to be completed in the first quarter of 2024. The company simultaneously entered into a $67 million construction loan with Ocean Bank to develop the project.

The eight-story building features a mix of spacious studios, one-, two-, and three-bedroom units, each outfitted with decadent interiors and modern features including stainless steel appliances, stone countertops, appliances custom lighting and plumbing, a built-in washer. and dryers, and smart keyhole.

“We are thrilled to begin construction on this unique development in a fantastic community in the heart of South Florida,” said AMAC Founding Director Maurice Kaufman. “We are confident that this development will meet the new standard for luxury rentals, and we are excited to bring our next multi-family project to the area.”

The building will feature a luxurious suite of amenities for its residents, including a two-story gym, spa and sauna, swimming pool with covered seating area, outdoor kitchen and grilling areas, dog wash , a club room, library, media room and social lounge, as well as a sunset terrace. Additional on-site amenities include a convenience store, concierge, smart parcel center, and parking with 36 electric vehicle charging stations. The building will also include 1,760 square feet of space for private offices operated by Ora.

AMAC is developing the property with Miami-based real estate development company ROVR Development. The agreement expands AMAC and ROVR’s presence in South Florida, where the development team recently completed Biscayne 112, a 402-unit multifamily property located at 11200 Biscayne Boulevard. In February 2022, AMAC also acquired a multifamily development site at 4465 Griffin Road in Hollywood, Florida, where the team will begin construction later this year on a 180-unit multifamily property.

For more information about AMAC, visit the website at www.amacholdings.com

(Visited 1 time, 5 visits today)