Rising 20 stories high with 309 luxurious residential units, Pearl Midtown 29 at 180 NE 29th St. will see groundbreaking in 2016’s second quarter in collaboration with Chicago-based Mesirow Financial, said Florida multifamily developer MORGAN.
"We're excited to work with MORGAN on this luxury high rise in Midtown Miami,” Alasdair Cripps, Mesirow Financial’s senior managing director, said. “We know the development's location, accessibility, as well as retail and residential offerings will continue to offer appeal to the Midtown area."
Nestled in the junction of NE 29th Street and NE 2nd Avenue and accommodating 12,000-plus square feet of prime retail space on its ground level, six levels of parking, a pool and other outdoor amenities and fitness facilities, Pearl Midtown 29’s location will offer easy access to commuter routes as well as Miami’s Midtown, design and arts districts.
“Pearl Midtown 29 will benefit from its front door being located at Midtown's southern gate on 29th Street, which is a major east-west artery connecting Biscayne Boulevard with Midtown and Wynwood," Evan Schlecker, MORGAN’s regional VP of development, said. "Besides affording quick access to the area's highly desired retail and dining outlets, Midtown 29 will support a walkable, urban lifestyle and feature breathtaking water views of Biscayne Bay from most units and the amenity deck."
MORGAN, a Houston, Texas developer, has constructed close to 3,500 multifamily structures in Florida since the 1990s. In addition to Pearl Midtown 29, the company expects a 412-unit development called Pearl Dadeland to open in Miami in 2016.