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Miami-based real estate investment and development firm The TREO Group has broken ground on VOX Miami, a mixed-use, transit-oriented development neighboring the South Miami Metrorail station.
The two-phase, $125 million project will incorporate a student housing component and ‘Class A’ office building, to deliver a first-of-its-kind central point of connectivity to the community.
At a groundbreaking ceremony held last month at the site (corner of U.S. 1 and Sunset Drive), Mayor Gimenez praised VOX Miami’s role in pioneering and shaping transit-oriented mobility projects by providing commuters access to local and long-distance public transportation.
“Transit-oriented developments provide the type of land use needed for quick and easy connections to mass transit options,” said Miami-Dade Director of Transportation and Public Works Alice Bravo in a press release. “By increasing access to public transportation, we can reduce the number of cars on the road and traffic congestion. Vox Miami is an exemplary public-private partnership. While we provide the space, the county benefits in many ways with station enhancements, ridership increase, and added revenue for the land use. Additionally, this project is a particularly unique one for us, because it will be the first-ever all student housing on a Miami-Dade Transit property.”’
The first phase of the project – an eight-story, off-campus student housing building with 99 units and 326 beds – is set for delivery August 2021, in time for the 2021-2022 University of Miami academic year.
Amenities include study lounges, a rooftop terrace, fitness center and expansive pool area. This alternative to traditional university housing will offer attainably priced one- to four-bedroom floorplans, including rent-by-the-bed options. Each unit will feature a private living room and kitchen.
“We are thrilled to soon bring to fruition this development that will aid in transcending the economic and social progression of Miami,” said Otto Boudet-Murias, principal with The TREO Group. “VOX Miami is designed to fulfill the needs of various community sectors, from University of Miami students to local businesses, while providing convenient accessibility via the Metrorail and bolstering the overall appeal of public transportation.”
Over the term of the lease, it is estimated to generate revenue of approximately $100 million and $250,000 in enhancements to the South Miami Metrorail station, including refined landscaping.
Designed by Perkins + Will, VOX Miami will include retail along the ground floor. The second phase of the project will feature 195,000 square feet of “Class A” office space and additional ground floor retail.
