The Congress Group and Peakhill Equity Partners announced the closing of their acquisition of 1050 NW 14th Street, a 27-story, 380-unit class A multifamily residential building to be developed adjacent to the Shops at Civica in Miami.
"We are thrilled to partner with Peakhill and excited about the prospect of creating a new, much-needed state-of-the-art residential building to serve the medical community of Miami," said Dean Stratouly, CEO at Congress Group.
The site is located in the heart of the Miami Health District, the second-largest health district in the United States and one of the largest concentrations of medical research facilities in the country, encompassing more than 2 million square feet of research space and 1 million square feet of office space. The recently acquired site will be developed with a 380-unit multifamily building and will be amenitized with a resort-style pool, resident lounge, fitness center, co-working stations, pet spa,
