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Related Details $130M Work Force Housing

MIAMI-The Related Group plans to build a 32-story, 496-unit work force condominium project at 201 N.E. 2nd Ave. It will be the company's third such project.

By Natalie Keith | Updated on October 09, 2006

(To read more on the multifamily market, click here.)

MIAMI-The locally based Related Group is planning to build Loft 3, a $130-million work force condominium project at 201 N.E. 2nd Ave.

The 32-story project will include 496 residential units and approximately 15,000 sf of ground-floor retail space. The units will be priced from $159,000 with 70% of its units priced under $300,000. The project is the third in the company’s Loft series of urban high rises and is being completed by the company’s attainable housing division. Loft 1 is 100% occupied and Loft 2 will open in May 2007.

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