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Transactions - JUNE 24, 2021

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Estate Cos. sells luxury apartments in West Miami for $83m

by Andrea Zander

The Estate Cos. has sold Soleste Alameda, a luxury eight-story development with 306 rental units in West Miami, for $83 million. The new owner is Westdale Real Estate Investment and Management.

The Soleste Alameda community features a tropical pool deck with sundeck and private cabanas; state-of-the-art fitness center with yoga and spin studios, as well as on-demand fitness programming; secured parking with electric car charging stations; children’s playground; dry cleaning service; and Luxer One package management technology. A resident entertainment lounge with a cybercafé, al fresco dining and grilling areas provide additional entertainment and comfort for residents.

The Estate Cos. is a Miami-based developer, owner and operator of residential communities throughout South Florida.

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