A joint venture of Landmark Properties, Peninsula U.S. Real Estate and W5 Group has plans to renovate and add new townhome units to The Cloisters, an existing apartment community two blocks from the University of Miami.
Current residents will fulfill their current lease contracts. Construction will begin in summer 2022 and is scheduled for completion fall 2023.
The development will feature a complete makeover to the current Cloisters apartment building, located at 5830 SW 57th Ave. in Miami, along with constructing new townhomes on adjacent property. After completion, the property will feature a total of 115 units and 296 bedrooms.
The renovation will reimagine The Cloisters at Miami’s common spaces and amenities. Renovated spaces will feature high-end amenities, including a resort-style pool, state-of-the-art fitness center and high-quality outdoor spaces for sports activities and community gatherings.
Recent reports show that the University
