Trio of Richman Senior Housing Developments That Accent Miami’s Reemerging Skyline Find Quick Popularity
MIAMI,
Fla. (March 24, 2015)–The
Richman Group’s trio of affordable senior housing developments that now grace
Miami’s reborn West Brickell area is proving the old saying that good things in
life come in threes.
The apartments, for adults 55+, leased up
in just four weeks after each receiving its certificate of occupancy.
“We did anticipate a quick lease up because
there is enormous demand for high quality affordable housing in Miami,” noted Todd
Fabbri, Executive Vice President for The Richman Group of Florida, Inc. “The
product that we delivered was of the highest quality in a location that has
seen very little supply in past years.”
One of the most expensive cities for
renters is Miami, where rents, on average, consume 43 percent of the typical
household income, up from a historical average of just over a quarter.
Richman Property Services, the management
company for the buildings, has received very favorable comments on the location
and design.
Residents are pleased to be
in a reemerging West Brickell neighborhood, close to so much including
convenient shopping, employment, local museums, parks and restaurants.
“The Brickell area in the City of Miami is
one of the few places in Florida that can truly offer an ideal urban living
experience,” Fabbri said. “The immediate area is extremely walkable and enjoys
world class transit opportunities.
Residents of the Brickell area can enjoy a variety of retail and
neighborhood shops, restaurants and neighborhood cafes, and cultural
activities.”
The Richman Group revitalized the area
along SW 2nd Avenue and 8th Street with its modern architecture
enhancing the skyline and providing 185 new units of much needed senior
affordable housing in the three multi-level towers (Vista Grande, West Brickell
View and West Brickell Tower).
Key to the trio’s success was The Richman Group’s
ability to design a highly desirable senior living environment for its
residents, tying in the exterior architecture of each building into the entire
interior space. Each building has its
own flair from the moment you enter the lobby with vibrant color pallets, contemporary
furnishings and superior amenity spaces.
Amenities within each building include a
resident club room with kitchenette and entertainment area, state-of-the-art
fitness center, a resident computer center, elevator access, and on-site
parking.
The 1 and 2 bedroom apartments feature
oversized windows with sweeping views of Miami, ceramic tile floors throughout,
fully applianced kitchens, and washer/dryers.
Developed by The Richman Group of Florida,
Inc., an established Florida developer with a respected reputation for
providing outstanding, affordable and market rate housing, these three Miami communities
reinforce The Richman Group’s commitment to providing new senior, affordable
housing in Florida.
The Richman Group of Florida Inc. is an
affiliate of The Greenwich, Conn. based Richman Group Real Estate Company and
is ranked by the 2014 Multi-Family Executive as the seventh largest owner of
multi-family rental apartments in the US. Richman and its affiliates have developed
nearly 20,000 residential units and has owned or asset managed more than
100,000 units. www.therichmangroup.com.
