Neology Development Group (NDG), a lifestyle-driven, vertically integrated residential and commercial real estate firm, is pleased to announce the closing of a $84.5 million loan from affiliates of Apollo (NYSE: APO) for The Julia Residences, located in Miami’s vibrant Allapattah neighborhood.
The Julia Residences obtained its TCO in May 2024 and achieved lease-up stabilization 5 months later in October 2024 with a 97% occupancy rate, underscoring the property’s strong appeal and market demand. This $140 million, 14-story residential tower, named in honor of Miami’s trailblazing founder, Julia Tuttle, features 323 apartments, exceptional amenities, and 13,000 square feet of street-level retail space.
“Neology Development Group has been a dedicated developer and manager of residential complexes throughout the Allapattah neighborhood of Miami,” said Catherine Chen, Managing Director at Apollo. “We look forward to the continued relationship as they continue to bring their strategic vision to the community.”
The permanent loan underscores Neology’s ability to execute on its business plan and secure financing to support its projects.
“The procurement of this loan reinforces Neology's financial strength and commitment to delivering high-quality, attainable urban living spaces accessible to working professionals and families in South Florida,” said Lissette M. Calderon, Founder and CEO of Neology Development Group. “Closing our second refinance deal in less than 30-days is a true testament to our financial acumen and strength.”
Each apartment in The Julia is designed for modern luxury and comfort, featuring floor-to-ceiling windows, 9–12-foot ceilings, walk-in closets in every bedroom, French-door refrigerators, energy- efficient stainless-steel appliances, quartz countertops, European-inspired kitchen cabinetry, and in- unit washer and dryers. Balconies in every unit offer sweeping views of the Miami skyline, Miami Beach and Coral Gables.
The Julia embodies a “tropics-meets-urbanism” aesthetic, infusing tropical elements into city environment, highlighted by murals painted by local Miami artist, Carlos Navarro. With its bold colors, open-air spaces, NDG curates a thoughtfully designed programming that includes pool parties, yoga classes, wine mixers, pet costume contests, and sport watch parties. These engaging initiatives foster a vibrant sense of community for both residents and prospective tenants that goes beyond just residency.
Located at 1625 NW 20th Street, just blocks west of the main entrance to Jackson Memorial Hospital and the new Transplant Institute, The Julia offers residents convenient walking access to the Civic Center Metrorail Station, Jackson Memorial Hospital, the University of Miami Health System, and Miami-Dade College Medical Center. The location is also a short distance from Brickell and Downtown, home to major employers, dining, shopping, and popular attractions such as Marlins Park, Kaseya Center, and the Adrienne Arsht Center for the Performing Arts.
Neology’s current ownership portfolio consists of over 1,000 apartments completed, owned, and managed in Miami’s urban core, another 1,350 units in the permitting or predevelopment phase, and a pipeline of 3,155 additional units in South Florida, in addition to building and selling over 2,000 condominium units.
MIAMI – Neology Development Group (NDG), a lifestyle-driven, vertically integrated residential and commercial real estate firm, is pleased to announce the closing of a $63.5 million bridge loan from Starwood Property Trust to pay off the construction loan for Fourteen Main Street Residences, located at 1470 NW 36th St, Miami, FL.
The $57.5M construction loan originally provided by Churchill was a pivotal factor for the successful development of Neology’s third project in the evolving Allapattah neighborhood.
“As we begin a new partnership with Starwood Property Trust, we are excited about the potential for this to be the first of many fruitful collaborations between our two organizations,” said Lissette M. Calderon, Founder and CEO of Neology Development Group. “The project's successful loan payoff with Starwood Property Trust underscores Neology's financial strength and commitment to delivering high-quality, attainable urban living spaces accessible to working professionals and families in South Florida.”
The 14-story mixed-use development features 237 apartment units across both buildings, a Highrise and Midrise tower. Ground retail space spans between 1,450-4,600 square feet. The Highrise tower tops out at 14 stories with 180 apartment units and the Midrise tower is 5 stories high with 57 sophisticatedly designed residential units. The project is now preleasing. It is on track to achieve its Temporary Certificate of Occupancy (TCO) in Q1 2025. As the project nears completion, NDG remains committed to delivering on its promise of excellence and curating lifestyle communities.
The project offers studio, one- and two-bedroom units ranging from 450 to 1,000 square feet, with balconies on select units, floor-to-ceiling windows with views of Miami’s downtown skyline and Florida’s native tree canopies. Apartments feature European-inspired cabinetry, quartz countertops, energy-efficient kitchen appliances, in-unit washers and dryers, and smart home technology adaptors. Lifestyle amenities will include curated original artwork, a multipurpose lobby, a 12,000 square foot rooftop pool and clubhouse, poolside cabanas, coworking spaces, an outdoor movie screen, a fitness and wellness center, with a yoga and cardio studio, dog park with dog wash area, bike storage, smart package lockers, and a parking garage with electric car charging stations as well as a ride share lobby.
Located on NW 36th Street, within walking distance from the Allapattah Metrorail Station, just five minutes west of Wynwood, five minutes north of Miami’s Health District and ten minutes east of the Miami International Airport, Fourteen Main Street Residences is within a federally designated Opportunity Zone-and on the other side of the causeway of Mid-Beach, offering seamless access to the city and its attractions.
Neology’s current ownership portfolio consists of over 1,000 apartments completed, owned, and managed in Miami’s urban core, another 1,345 units in the permitting or predevelopment phase, and a pipeline of 3,155 additional units in South Florida, in addition to building and selling over 2,000 condominium units.
MIAMI – Neology Development Group (NDG), a lifestyle-driven, vertically integrated residential and commercial real estate firm, is pleased to announce the closing of a $63.5 million bridge loan from Starwood Property Trust to pay off the construction loan for Fourteen Main Street Residences, located at 1470 NW 36th St, Miami, FL.
The $57.5M construction loan originally provided by Churchill was a pivotal factor for the successful development of Neology’s third project in the evolving Allapattah neighborhood.
“As we begin a new partnership with Starwood Property Trust, we are excited about the potential for this to be the first of many fruitful collaborations between our two organizations,” said Lissette M. Calderon, Founder and CEO of Neology Development Group. “The project's successful loan payoff with Starwood Property Trust underscores Neology's financial strength and commitment to delivering high-quality, attainable urban living spaces accessible to working professionals and families in South Florida.”
The 14-story mixed-use development features 237 apartment units across both buildings, a Highrise and Midrise tower. Ground retail space spans between 1,450-4,600 square feet. The Highrise tower tops out at 14 stories with 180 apartment units and the Midrise tower is 5 stories high with 57 sophisticatedly designed residential units. The project is now preleasing. It is on track to achieve its Temporary Certificate of Occupancy (TCO) in Q1 2025. As the project nears completion, NDG remains committed to delivering on its promise of excellence and curating lifestyle communities.
The project offers studio, one- and two-bedroom units ranging from 450 to 1,000 square feet, with balconies on select units, floor-to-ceiling windows with views of Miami’s downtown skyline and Florida’s native tree canopies. Apartments feature European-inspired cabinetry, quartz countertops, energy-efficient kitchen appliances, in-unit washers and dryers, and smart home technology adaptors. Lifestyle amenities will include curated original artwork, a multipurpose lobby, a 12,000 square foot rooftop pool and clubhouse, poolside cabanas, coworking spaces, an outdoor movie screen, a fitness and wellness center, with a yoga and cardio studio, dog park with dog wash area, bike storage, smart package lockers, and a parking garage with electric car charging stations as well as a ride share lobby.
Located on NW 36th Street, within walking distance from the Allapattah Metrorail Station, just five minutes west of Wynwood, five minutes north of Miami’s Health District and ten minutes east of the Miami International Airport, Fourteen Main Street Residences is within a federally designated Opportunity Zone-and on the other side of the causeway of Mid-Beach, offering seamless access to the city and its attractions.
Neology’s current ownership portfolio consists of over 1,000 apartments completed, owned, and managed in Miami’s urban core, another 1,345 units in the permitting or predevelopment phase, and a pipeline of 3,155 additional units in South Florida, in addition to building and selling over 2,000 condominium units.
In less than six months, Neology Has Achieved a 95% Lease-Up of Its New Attainable Luxury Property, Highlighting the Firm’s Vertically Integrated, Client-Centric Approach
MIAMI - Neology, Miami’s residential lifestyle brand, proudly announces that The Julia Residences, located in Miami’s Allapattah neighborhood, has achieved lease-up stabilization in record time, with a 95% occupancy.
Reflecting the high demand for attainable luxury living, the $140 million 14-story residential tower, named in honor of Julia Tuttle, the visionary founder of Miami, features 323 apartments with exceptional amenities and 13,000 square feet of street-level retail space.
“We are thrilled to have leased-up The Julia Residences in such a short period of time,” said Lissette Calderon, Founder and CEO of Neology Development Group and Neology Management Group. “This rapid success underscores Neology Management Group’s commitment in providing exceptional resident care, efficient on-site management, and the strategic use of artificial intelligence to enhance the resident experience. As we celebrate this achievement, we also honor a significant milestone—128 years since Julia Tuttle laid the foundations of this incredible city, the only major American city established by a woman in 1896.”
By integrating AI into the leasing process, Neology Management Group streamlined lead qualification for both applicants and staff, allowing the leasing team to dedicate more time to in-person prospects rather than managing a high volume of emails and phone calls. As a result, they were able to triple their leads, manage after-hours inquiries effectively, respond to leads within 30 to 40 seconds, and automatically schedule tours.
Key drivers of the rapid lease-up included strategic staffing, the cultivation of strong resident relationships, and a dedicated focus on Miami’s multilingual demographic through the use of bilingual property managers and leasing agents. This dynamic team has successfully led a curated residential curriculum that includes hosting lifestyle events like pool parties, ice cream socials, food truck nights, pet costume contests, and soccer watch parties. These initiatives create a vibrant community for both residents and prospective tenants that goes beyond just residency.
The amenity-rich The Julia features a signature ninth floor "Sunset Sky Lounge" with a resort-style pool deck, pool side cabanas, an indoor club lounge known as The Julia Lounge, a wellness center with on demand fitness, and a starlight dining terrace. The property also boasts private co-working areas, a dog spa, a children's play area, and high-speed fiber optics.
The Julia embodies a “tropics-meets-urbanism” aesthetic, infusing tropical elements into city environment, highlighted by numerous murals painted by local Miami artist, Carlos Navarro. The design of The Julia pays homage to Miami’s cultural richness. With its bold colors, open-air spaces, and lush, nature-inspired elements, The Julia seamlessly blends Miami's tropical climate with a vibrant urban lifestyle.
Each apartment in The Julia is designed for modern luxury and comfort, featuring floor-to-ceiling windows, 9–12-foot ceilings, walk-in closets in every bedroom, French-door refrigerators, energy-efficient stainless-steel appliances, quartz countertops, European-inspired kitchen cabinetry, and in-unit washer and dryers. Balconies in every unit offer sweeping views of the Miami skyline, Miami Beach and Coral Gables.
Located at 1625 NW 20th Street, just blocks west of the main entrance to Jackson Memorial Hospital and the new Transplant Institute, The Julia offers residents convenient walking access to the Civic Center Metrorail Station, Jackson Memorial Hospital, the University of Miami Health System, and Miami-Dade College Medical Center. The location is also a short distance from Brickell and Downtown, home to major employers, dining, shopping, and popular attractions such as Marlins Park, Kaseya Center, and the Adrienne Arsht Center for the Performing Arts.
“Neology is proud to have played a pivotal role in transforming Allapattah and meeting the growing demand for attainable luxury for professionals who wish to live, work, and play near the Health District and Downtown Miami,” said Calderon. “Our three developments in the heart of Allapattah embody this vision.” Neology’s first project in Allapattah, No. 17 Residences, leased and managed by Neology, also achieved 95% lease-up in record time.
Neology anticipates achieving similar success with its third Allapattah project, Fourteen Main Street Residences, which is expected to receive TCO and welcome its first residents by Q1 of 2025. The firm is also leading the revitalization of the Palmer Lake District with a 1,350-unit, mixed-use riverfront development. Situated on a seven-acre parcel along the western side of Miami International Airport, the community will feature residential, retail, and marina spaces, redefining the area's potential. Groundbreaking for this project is slated for Q1 2025. Neology’s current ownership portfolio consists of over 1,000 apartments completed, owned and managed in Miami’s urban core, another 1,500 units in the permitting or predevelopment phase and a pipeline of 3,000 additional units in South Florida in addition to having built and sold over 2,000 condominium units.
Neology's "The Julia Residences” in Allapattah, a 14-story residential tower, is scheduled to deliver 323 carefully curated apartments to Miami’s Allapattah neighborhood in 1st Quarter of 2024; Pre-construction leasing specials include two months free.
Neology Development, led by Lissette Calderon, has announced that its residential mixed-use apartment complex, "The Julia Residences," is now open for pre-leasing. The stunning $100 million, new 14-story residential tower, characterized by artistic design, is set to grace Miami's Allapattah neighborhood, with completion expected in the 1st quarter of 2024.
The Julia offers a unique opportunity for individuals looking to live, work, and play in Miami, with a unique market value proposition. One-bedrooms rent as low as $1,765, and two-bedrooms start at $2,411 per month. Residents who apply now can take advantage of promotional pricing that offers two months free. With the exclusive pre-leasingofferings, prospective tenants can secure a new apartment in Miami’s trendiest community at an excellent price point.
"We are thrilled to announce that we are now pre-leasing for The Julia, inviting art enthusiasts and professionals alike to embrace unique living experiences, modern amenities, and breathtaking views of Miami's city skyline," said Lissette Calderon, President and CEO of Neology. "With the soaring demand for high-quality housing in the area, we are eager to introduce this exceptional community priced within reach to renters seeking proximity to work, renowned art galleries, and the cultural heartbeat of Miami. The value proposition we're offering for living in Miami is unmatched, and that truly sets The Julia apart from any other option available.”
Comprising 323 carefully curated one- and two-bedroom apartments, The Julia is located at 1625 NW 20th Street, in the heart of Allapattah —a historic neighborhood bordering Wynwood and Miami's Health District. Recognized nationally for its museums, galleries (including the Rubell Museum and Superblue), cultural institutions, new businesses, and vibrant nightlife, Allapattah has emerged as one of Miami's most desired areas.
Inspired by the visionary Julia Tuttle, The Julia embraces a "tropics-meets-metropolis" aesthetic, blending Art Deco with 1950s-style glam. Offering one-of-a-kind living experiences at an attainable price point, the pet-friendly property features a mix of one- and two-bedroom apartments ranging from 600 to 1,000 square feet.
Apartments boast floor-to-ceiling windows, 9-to-11.5-foot ceilings, walk-in closets, balconies, and energy-efficient, stainless-steel appliances. The ninth-floor "Sky Lounge" includes an expansive pool deck, an indoor/outdoor club lounge, a wellness center, and a dining terrace.
Walking distance to the Metrorail Station and conveniently located near the University of Miami’s Health System, Jackson Memorial Hospital, and Miami-Dade College Medical Center, The Julia provides easy access to Brickell, Downtown, Wynwood, and popular attractions such as Marlins Park and the Adrienne Arsht Center for the Performing Arts. The property is just a short ride away from several of Miami’s largest employers and dining and shopping destinations, along with popular attractions such as Kaseya Center, Perez Art Museum, Frost Museum of Science, and the new Brightline commuter rail station connecting Miami to Fort Lauderdale, West Palm Beach, and Orlando.
It is also just a few blocks from Neology’s first Allapattah apartment community, No. 17 Residences, which opened in April of 2021 and leased up in record time, as well as Neology’s third Allapattah apartment community, Fourteen Main Street Residences – a two-building project delivering in Q3 2024.
Neology’s current ownership portfolio consists of 1,200+ apartments recently built or under construction in Miami’s urban core, with another 1,600 apartment units in the predevelopment phase and a pipeline of 2,000 additional units in South Florida and beyond. Combined with 2,000 condo units previously built and sold, this represents a multifamily portfolio of nearly $2 billion. For leasing inquiries and further information, please email Julia@neology-leasing.com or visit www.juliabyneo.com. Pre-construction leasing specials include two free months.
The developer and construction team celebrate the construction milestone of “Fourteen Allapattah Residences,” which will deliver 237 apartments, along with 5,000 square feet of ground-floor retail, in Allapattah in summer of 2024
Neology Development Group, led by CEO and Founder Lissette Calderon, has officially topped off the construction of “Fourteen Allapattah Residences,” Neology’s third lifestyle-driven residential community in one of Miami’s most dynamic emerging neighborhoods, Allapattah. The mixed-use residential tower will deliver 237 upscale studios, one- and two-bedroom apartments to Miami’s Allapattah neighborhood in 2024. Members of the development, design, and construction teams, including JAXI Builders, Inc., Behar Font Architects, and interior designer designBAR gathered on Friday, November 10, to commemorate the milestone in construction.
Fourteen Allapattah Residences is located at 1470 NW 36th Street, in the heart of Allapattah, a historic neighborhood that includes Miami’s Health District and borders Wynwood. Allapattah has quickly become one of Miami’s most sought-after neighborhoods. It boasts a cluster of elite cultural institutions (including the Rubell Museum and Superblue) as well as many new businesses, restaurants, and nightlife establishments. It’s also situated just a few blocks from Neology’s first Allapattah apartment community, No. 17 Residences, which opened in April of 2021 and leased up in record time. Neology’s second Allapattah community, “The Julia,” inspired by Miami’s original real estate visionary, American businesswoman Julia Tuttle, will deliver 323 upscale apartments, also in 2024.
"We are incredibly excited to celebrate this significant milestone in the construction of Fourteen Allapattah Residences. This project is a testament to our commitment to enhancing the vibrancy of the Allapattah neighborhood and offering a truly exceptional living experience,” said Calderon. “With its upscale apartments, innovative amenities, and prime location, Fourteen Allapattah Residences is set to become a cornerstone of this dynamic community. We look forward to delivering a place that residents will be proud to call home in 2024."
Fourteen Allapattah Residences is a two building project with a 14-story building comprising 180 apartments and an adjacent five-story building with 57 apartments, including sought-after ground-floor walk-ups. It will offer studio, one- and two-bedroom units ranging from 450 to 1,000 square feet. Apartments will feature European-inspired cabinetry, quartz countertops, energy-efficient kitchen appliances, in-unit washers and dryers, energy-efficient AC and heating systems, and smart home technology adaptors. Lifestyle amenities will include a 10,000 square foot resort-style pool deck and clubhouse with poolside cabanas, curated original artwork, a multipurpose lobby, media lounges, , coworking spaces, conference rooms, an indoor and outdoor fitness and wellness center, with a yoga and cardio studio, a dog park with dog wash area, bike storage, virtual concierge smart package lockers, and a parking garage with electric car charging stations.
Fourteen Allapattah Residences is centrally located just two blocks from the Allapattah Metrorail Station, as well as in close proximity to the University of Miami Health System, Jackson Memorial Hospital, and Miami-Dade College Medical Center. The property is just a short car or public transit ride away from both Brickell and Downtown, home to several large employers and dining and shopping destinations, along with popular attractions such as Marlins Park, American Airlines Arena, the Adrienne Arsht Center for the Performing Arts, Perez Art Museum Miami, Frost Museum of Science and the new Brightline commuter rail station connecting Miami to Fort Lauderdale, West Palm Beach and Orlando.
Neology’s current ownership portfolio consists of 1,200+ apartments recently built or under construction in Miami’s urban core, with another 1,600 apartment units in the predevelopment phase and a pipeline of 2,000 additional units in South Florida and beyond. Combined with 2,000 condo units previously built and sold, this represents a multifamily portfolio of nearly $2 billion. Neology’s partner on this project is AOZA Fund, which has a history of creating long-term, sustainable real estate value in opportunity zones across the fifty states, and is directed by Dr. Peter Linneman, who has created a platform of successful real estate companies.
