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Grand Station Receives TCO for 300-unit Tower in Downtown Miami
Collaboration with the Miami Parking Authority on the development emphasizes Downtown Miami’s urban amenities; ease of access to transportation, entertainment and more
MIAMI (Oct. 20, 2021) – Grand Station Apartments, a transformative collaboration between Miami-based ROVR Development and the Miami Parking Authority (MPA), has received its TCO and residents have started to move-in.
The $70 million, 30-story apartment tower, located at 240 North Miami Avenue, features 300 beautifully appointed residences, and brings a combination of residential floorplans to MPA’s headquarters, while expanding the existing garage at Courthouse Center with 350 parking spaces.
Led by Principals Oscar Rodriguez and Ricardo Vadia, ROVR is developing the project, and Monument Real Estate Services (MRES), an A-Rod Corp Company, will be the property manager.
Designed by Miami-based Zyscovich Architects and Anillo, Toledo, Lopez LLC, Grand Station will bring residents within proximity of Miami’s most important transit systems. Government Center’s Metrorail, Metromover and bus hubs, as well as MiamiCentral which features the tri-county rail service Brightline and will eventually include TriRail, are within a five-minute walk of the property.
Studios, one- and two-bedroom units will feature high-end finishes such as custom Italian cabinets, stainless steel appliances, quartz countertops, walk-in closets and a full-size washer and dryer. Effective rents range from $1783 to $2300.
“We are very proud to have worked alongside the Miami Parking Authority (MPA) to conceptualize, and ultimately realize this wonderful project,” said Rodriguez. “It creatively maximizes MPA’s space, allowing them to enhance their existing facilities.”
“Transit-oriented developments are key to our city’s urban evolution,” said Vadia. “The building’s accessibility to Miami Dade College, the Health District and downtown as a whole ideally positions Grand Station.”
Grand Station Apartments brings a cosmopolitan flair with a vast array of indoor and outdoor amenities. The development includes an expansive New York-inspired rooftop terrace, an outdoor kitchen with grilling area and an oversized swimming pool with sun deck and several hot tubs, offering residents extraordinary views of the city scape.
An upscale amenities deck with a variety of Class A finishes features a full-size state-of-the-art fitness center, wellness treatment and spa rooms with an indoor heated soaking pool, a computer and business center, and a clubroom, as well as an indoor/outdoor spa to unwind. The community also includes a concierge service, dog spa with pet station, bike storage and 24-hour package lockers.
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About ROVR Development
With more than $250 million of real estate currently under development, ROVR continues to expand their footprint and shape the city’s skyline with a number of other Miami projects, among them Biscayne 112, a luxury rental community in North Miami and the now completed Fairchild, a $50 million condominium development in Coconut Grove. The firm is also co-developing The District in Downtown Miami, a mixed-use condominium, with JV partner Related Group, bringing a 37-story mixed-use project that would have 343 residential units and nearly 2,300 square feet of ground-floor retail space. For additional information, visit www.ROVRDev.com.
CHICAGO (July 30, 2018) – Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, has announced the acquisition of The Residences at 1450 apartment community in Mount Prospect, Illinois, the firm’s second asset in the state.
Located at 1450 Busse Road, the property is comprised of 222 garden-style units spanning across nine two-story buildings featuring one- and two-bedroom garden-style residences with private entrances and patios in select units.
“We are very pleased to expand Monument’s footprint with the acquisition of The Residences at 1450, the second asset that we own and operate in Illinois, as we seek to reinvest in the neighborhood successfully as we did with The Element, our first property in this market,” said Stuart Zook, Principal of Monument Capital Management. “This acquisition aligns with our growth strategy and further strengthens our ownership presence in the Chicagoland market and we look forward to continuing to provide our residents with our value-add program.”
Monument Capital Management plans to continue to implement its value-add program and upgrade the unit interiors.
The apartment community’s amenities include a clubhouse, pool, grill area, playground, dog park, volleyball court, state-of-the-art fitness center, business center, laundry facilities, onsite storage options and lushly landscaped grounds.
Monument Capital Management’s additional asset in Illinois includes The Element in Mount Prospect, located directly across the street from The Residences at 1450.
For more information about Monument Capital Management, please visit http://mcmgmtllc.com.