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17 West Mixed-Use Development in Miami Beach Tops Off

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Architecture and design firm Stantec, Grycon, Turnberry Associates and Elion Partners celebrated the topping off of the five-story 17 West mixed-use development, which includes residences and Miami’s second Trader Joe’s grocery store. Located on 17th Street between Alton Road and West Avenue in Miami Beach, the 185,388 square foot project will include 23 residential units, a rooftop pool deck with a gym, ground level commercial space and a public garage with 193 parking spaces. The residential units range from one bedroom to three bedrooms. The project is scheduled for completion in January 2019.

Midtown 8 Residential Development in Midtown Miami Tops Off

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Architecture and design firm Stantec, Kast Construction and developer Wood Partners celebrated the topping off of the 28-story Midtown 8 residential development located on a two-acre site at 2901 and 2951 NE 1st Avenue in Midtown Miami. The mixed-use development includes 387 residences, retail space and parking.

When completed in May 2019, Midtown 8 will feature 30,000 sq. ft. of commercial space, an amenity deck above an attached 519-car garage, 27 Citi Bike spots, a clubhouse, a landscaped linear outdoor space with dog walk area and a colorful mural art wall expressive of the neighborhood. The residential units range from studios, one-bedrooms, two-bedrooms, and three-bedroom penthouses with elevated ceilings.

Other residential amenities include a co-working space in the lobby, spacious hammock garden, a rocking chair lounge area, yoga studio, demonstration kitchen and juice bar. The outdoor amenity spaces will have lush greenery and green walls creating an inviting and relaxing oasis for residents.

Stantec Designing Amenity-Driven Residential Buildings to Attract Millennials

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South Florida developers and architects are challenged to attract millennials by meeting both the price points and features that millennials are seeking. Multifamily residential developers must even re-think pricing, technological amenities, transportation and parking elements if they want to attract young buyers and renters. Architecture and design firm Stantec in Miami is implementing co-working spaces, communal kitchens and billiard lounges in their designs to appeal to this growing population. Their projects offer residents all the modern amenities to be expected of an upscale apartment community in an urban setting. According to Jon Cardello, Vice President of Stantec’s Miami office, “communal kitchens, like the ones at Vu New River in Fort Lauderdale, are a popular amenity for millennials. They are more likely to eat out or order takeout than cook at home, so they can have smaller kitchens in their apartments. The communal kitchens, with several ovens and a host of cooking appliances, allow them to throw parties and host family gatherings.”

Developers in South Florida are changing how they plan and design homes to attract the fast-growing millennial population, a group that faces unique challenges in the residential market.

Their construction initiatives are critical to preserving the building industry’s future bottom line. But businesses and cities have a stake, too. With more than 75 million people nationwide, the millennial generation will soon make up the heart of the workforce, and companies will decide to locate and grow in communities that can attract them.

“We are competing more with other cities in other states for housing options for them,’’ said Art Falcone, managing principal of Boca Raton-based Encore Capital Management.

For local developers, millennials present a huge opportunity – and a big challenge. The tri-county region ranks near the bottom among major metropolitan areas for millennials as a share of the total population, and leads the nation for the highest percentage of young people living with their parents.

High housing prices, below-average wages, and a strained transportation network present major obstacles to homeownership for millennials here. Deep college debt also means many recent graduates are on a tight budget, so they must be prudent with housing costs.

But developers are adapting, offering price points and features that differ from South Florida’s traditional garden apartments and country club communities to appeal to millennials.

To read the full story, visit South Florida Business Journal.