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98-Unit Work Force Housing Project on Tap

MIAMI-Urbanice is a joint venture between Atlanta-based Wood Partners and South Florida-based ARKS LLC.

By Natalie Keith | Updated on July 09, 2007

(Read more on the multifamily market.)

MIAMI-Urbanice Modern Life Developers is developing Puerto Nuevo, a 98-unit work force housing project at 1144 N.W. South River Dr. Urbanice is a joint venture between Atlanta-based Wood Partners and South Florida-based ARKS LLC.

The nine-story project on the Miami River will contain one- and two-bedroom units that range in size from 586 sf to 998 sf with prices ranging from $185,000 to $320,000. The estimated sell-out of the project is $25 million, Wood Partners development manager Charlie Morris tells GlobeSt.com.

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