Multi-Housing News | By Adriana Marinescu | May 21, 2019
Pinnacle Housing Group and Ascend Properties own the 272-unit Class A property that broke ground at the end of 2017.
Pinnacle Housing Group and Ascend Properties have opened LaVida Apartments, a 272-unit high-end community in Miami’s Blue Lagoon neighborhood. The project, initially branded as Oasis at Blue Lagoon, broke ground in late December 2017, when it received a $46.5 million construction loan from IberiaBank, according to Yardi Matrix data. The developers also benefited from preferred equity investment from Arbor Realty Trust Inc.
LaVida caters to more than 12,000 working professionals in Blue Lagoon and the surrounding areas. Waterford at Blue Lagoon alone, home to more than 100 multinational companies, welcomes daily more than 10,000 employees.
Class A location and amenities
The Class A community is located at 6600 N.W. Seventh St., adjacent to the intersection of the Dolphin and Palmetto expressways, less than 1 mile West of the Waterford at Blue Lagoon corporate office park. The property is 12 miles of downtown Miami and within a 13-minute drive of Miami International Airport. Doral, Coral Gables, Coconut Grove, Wynwood and Brickell are also easily accessible, with public parks, shopping and dining option nearby.
Designed by Behar Font & Partners, LaVida consists of two eight-story buildings, constructed on a 7.4-acre site. The unit mix features one-, two- and three-bedroom apartments ranging from 728 to 1,295 square feet. All units have porcelain flooring, quartz countertops, Energy Star-rated appliances and floor-to-ceiling glass doors opening on outdoor terraces. Amenities include covered garage parking, dog park, two-story lakefront clubhouse with grilling stations, swimming pool with sun deck and poolside cabanas and fitness facility.
Developers are heavily catering to the luxury segment in Miami. Less than 10 miles East of LaVida, a 434-unit residential project broke ground last month. The 43-story apartment tower will be part of Miami Worldcenter, the 27-acre, $4 billion mixed-use development now under construction in the heart of the city.
