North Miami Residence 

North Miami, Florida

Property Summary

In 2016 Project Land purchased the vacant land for the ground-up development of North Miami Residence in North Miami, Florida, just short minutes walk north of downtown North Miami.

An a strategic level, this investment landed within Project Land’s opportunistic development thesis. North Miami at the time of the purchase was unappreciated by the broader development market. Since them, North Miami has been a catalyst of re-development, from large to small scale developments, driving continued demand for well-priced, well-located real estate, and supporting steady returns for disciplined investors.

Business plan

After the development, Project Land held and managed the property for roughly thirteen months before seeking opportunities for an exit. The property earn consistent cash flow from rent payments. The property was sold in June 2019. The proceeds from the sell where 100% invested in the ground-up development of Griffing Gardens.