MIAMI—In a sign that multifamily developers made smart bets in Miami, Wood Partners is offering strong leasing numbers at its $31.9 million Alta Mira apartment community in Miami. The multifamily complex is 50% leased

Alta Mira, which opened just over four months ago, is the first new development of its kind built in this area of North Miami since the mid-90s. Wood reports strong interest by customers looking for luxury apartments at affordable prices in North Miami.

“The property is in a great location,” says Dave Thompson, director for Wood in Florida. “You're minutes from downtown and Brickell, South Beach nightlife, Florida's finest beaches, world-class restaurants and major retail centers.”