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August 04.2025
2 Minutes Read

DRA Advisors Invests $74M in Miami's Allapattah: What Homeowners Should Know

DRA jumps into Miami’s Allapattah with $74M multifamily acquisition

DRA Advisors Ventures into Miami's Thriving Allapattah Neighborhood

DRA Advisors, a well-known firm based in New York, has taken a significant step in Miami's real estate landscape by acquiring the Modera Skylar apartment complex for $73.5 million. This impressive multifamily project, which boasts 263 units, showcases a mix of studio to three-bedroom apartments and is strategically located in a neighborhood experiencing rapid growth.

A Closer Look at Modera Skylar

The Modera Skylar complex features two 20-story buildings alongside a five-story parking garage that includes a rooftop pool deck. Initially established through a partnership between Mill Creek Residential and Rockwood Capital, the complex emerged in phases, with the first 166 units completed in 2013 and an additional 97 units added in 2017.

What Makes Allapattah a Hot Spot?

Allapattah has gained a reputation for its increasing number of multifamily projects that command higher than average rents. Currently, the average rent for a one-bedroom apartment in the area stands at $2,500 per month—higher than the $2,100 average for Miami as a whole. This surge in rental prices indicates a demand for apartments in the district, making it a prime target for real estate investors.

Future Trends and Insights

This acquisition by DRA is a clear reflection of the strong investor interest in the Allapattah area and signals a promising outlook for future developments. As rent prices continue to rise, this could open up opportunities for more housing projects, attracting a range of tenants from professionals seeking urban living to families looking for more spacious accommodations.

Connecting with Local Homeowners

For Florida homeowners and potential investors alike, the movements in Allapattah highlight the importance of staying informed on local market trends. As the neighborhood evolves, it may present opportunities not only for rental investments but also for enhancing community offerings and amenities.

Call to Action: Keep an eye on the developments in Allapattah, as they may influence property values in your vicinity. Stay updated with real estate news to recognize any opportunities that may arise moving forward!

Florida News

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09.18.2025

The Tragic Case of Celeste Rivas: What It Means for Community Safety

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Reflecting on the Life of Darin Tansey: A Real Estate Legend

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Terreno's $131M Purchase in Doral: What It Means for Florida's Industrial Market

Update Terreno Realty Acquires Doral's Industrial Jewel In a significant move that underscores the thriving industrial real estate market in South Florida, Terreno Realty Corporation has acquired the recently completed Royal Palm Doral industrial complex for approximately $130.7 million. This $378 per square foot transaction highlights the escalating demand for strategic industrial spaces in the region, driven in part by a surge in e-commerce and logistics operations. Understanding the Doral Industrial Landscape The Royal Palm Doral complex, comprising 345,940 square feet and completed in 2024, is part of a broader trend seeing Link Logistics and its parent company, Blackstone, offloading over $1.1 billion in industrial properties in South Florida since November. As e-commerce growth continues post-pandemic, the strategic acquisition by Terreno demonstrates a savvy alignment with market demands, effectively establishing a foothold in this booming sector. Key Players in the Transaction Led by Blake Baird, the San Francisco-based Terreno has recently been active in the Doral submarket. Notably, the company recently sold six industrial buildings for $82 million while having previously invested $195.6 million in three other warehouses in the area. The sellers, Link Logistics and Blackstone, have significantly impacted the region’s industrial landscape, with their recent activities indicating a focus on capitalizing on the current real estate trends. Factors Driving the Industrial Real Estate Surge A key factor contributing to the rising demand in Doral is the strategic location of its industrial parks near major highways, facilitating efficient logistics and supply chain operations. Additionally, the gradual recovery of the economy following the disruptions caused by COVID-19 has led to a greater emphasis on robust distribution networks, fueling interest in the industrial real estate sector. Conclusion: A Strategic Investment for the Future As industries pivot towards a future heavily reliant on e-commerce, investments like Terreno's acquisition will likely become more common. This move not only caters to current logistical demands but also positions the company well for the anticipated growth in the sector.

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