LORE To Develop $500M Multifamily Project In Miami’s Brickell District

LORE Development Group, a newly formed development firm between Leste Group and Brazilian-based Opportunity Fundo de Investimento Imobiliário, has announced plans to develop a $500 million multifamily development in Miami’s Brickell district.

Situated near Brickell City Centre, the 442,000-square-foot, unnamed property will be located at 1015 SW 1st Ave. and feature high-end amenities and 2,000 square feet of ground-floor retail space. The construction timeline and design-build team were not disclosed.

LORE will source and acquire properties and work with third-party construction teams to build its projects.

In South Florida, LORE plans to develop more than $1 billion in multifamily assets over the next five years.

Source:  RE Business