BBX Capital Real Estate develops Altis at Bonterra as Miami-Dade County joint venture

Fitness facilities, kids’ corners and a dog agility park will grace the upscale apartment community of Altis at Bonterra, a joint venture of Fort Lauderdale, Florida’s BBX Capital Real Estate and Boca Raton, Florida-based The Altman Companies.

Altis at Bonterra will offer 314 apartment homes with upscale amenities on approximately 14 acres when completed in 2017. The master-planned Bonterra community sits on approximately 128 acres near major highways and Miami International Airport. Altis, to be situated at the junction of NW 97th Avenue and NW 154th Street in Hialeah, will boast a community garden, pool and pavilion area, clubhouse and more.

"We are pleased to announce our continued progress with Bonterra and this joint venture with The Altman Companies," Seth Wise, BBX Capital Real Estate president, said. "The Altman Companies is highly respected in the rental apartment field and we are excited to partner with Altman to bring a luxury apartment community to the City of Hialeah."

Altman Companies Chairman Joel Altman noted the parcel’s location and proximity to Miami. "We believe Altis at Bonterra is well positioned to capitalize on significant growth in rental demand in the area due to Hialeah's attractive supply and demand fundamentals,” Altman said. “We are excited to partner again with BBX Capital Real Estate."

BBX Capital Real Estate previously undertook a joint venture with CC Homes to develop the area with plans to build close to 400 single-family homes, as well as the sale of an approximate 36-acre parcel to Lennar Corp. to build approximately 463 single-family homes, villas and townhomes.

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