MIAMI, July 13, 2015 (GLOBE NEWSWIRE) -- The Mile along Coral Way, near Miami's famed Miracle Mile, has officially "topped off" for construction. Estimated to be complete by the end of 2015, The Mile has launched its new branding to the Miami market, available for viewing at the website www.themilecoralgables.com.
The Mile, co-developed by New York-based Greystone and Miami-based ALTA Developers, is a 13-story, 120-unit mixed-use luxury rental property with street-level retail at 3622 S.W. Coral Way, just one block from the prominent Miracle Mile shopping district. Designed by architectural firm Behar Font & Partners, The Mile will feature a swimming pool, secure garage parking, fitness center, concierge and other luxury amenities to complement its impeccably designed residential units.
"The symbolic topping off of The Mile marks a significant event for Greystone as we celebrate our first project near completion in Miami and continue to gain confidence in investing in the region going forward," said Jeffrey Simpson, head of Greystone Property Development. "Our partnership with local South Florida companies such as ALTA has proven to be very beneficial as we continue to pursue development opportunities in the Miami market."
Henry Pino, partner and co-founder of ALTA Developers, said, "The Mile marks a milestone for our firm. It's one of our first projects for the current cycle. We are very excited about the market comeback and will be announcing more new projects in the coming months."
Greystone also has multiple residential, commercial and mixed-use developments in New York City, including Manhattan and Brooklyn.
About Greystone
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its property development group creates boutique luxury rental and condominium residences and prime quality commercial spaces in gateway cities such as New York and Miami, FL. For more information, visit www.greystonepd.com.
About ALTA Developers
ALTA Developers is a South-Florida based real estate joint venture development firm, whose members have been involved in some of the most noteworthy additions to the South Florida real estate landscape, with current projects such as Le Parc at Brickell, 3900 Biscayne, Baltus House, One Paraiso, and Neovita, These properties have been ahead of the curve from the start of each project-often leading the way for future development in the areas and neighborhoods they occupy. Through advanced aesthetics and technology, Alta Developers developed with a commitment to environmental sustainability and cultural integrity, ensuring a continued stature as landmark properties in a particular destination. To date, this smart, thorough approach to development has resulted in being ever watchful for future opportunities in emerging neighborhoods throughout Miami, Fort Lauderdale, and beyond. Learn more at www.altadevelopers.com.