{"id":1004051813,"date":"2012-05-18T06:48:55","date_gmt":"2012-05-18T14:48:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=48507"},"modified":"2020-04-02T09:36:40","modified_gmt":"2020-04-02T17:36:40","slug":"adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\/","title":{"rendered":"Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/05\/Adler-Group-Rental-Rendering-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-48511\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/05\/Adler-Group-Rental-Rendering-3.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>The fast-growing demand for quality apartments in South Florida has drawn Adler Group to return to its multifamily roots. The company is now involved with plans to two luxury 20-story apartment towers just north of Downtown Miami.<\/p>\n<p style=\"text-align: justify\">Partnering with Atlanta-based ECI Group, Adler Group has acquired a prime 2.84-acre waterfront site located at 7950 NE Bayshore Court\u2014the former home of the historic Mike Gordon\u2019s Seafood Restaurant. According to an official statement, the acquisition of the property\u2014fully entitled for multifamily development within the confines of a Major Use Special Permit\u2014was financed by Apollo Bank. Work on the two luxury towers overlooking Biscayne Bay is set to start later this year, with the development timeline estimated to last 24 months.<\/p>\n<p style=\"text-align: justify\">The rental complex will be professionally managed, offering a host of amenities to residents. Features will include up to 13 boat slips zoned for development on Biscayne Bay, as well as a new neighborhood park dedicated by Adler and ECI and owned by the City of Miami, located directly across 79th street from the apartment complex.<\/p>\n<p style=\"text-align: justify\">Adler Group, with a background of delivering over 8,000 rental units in South Florida alone, has shifted interest for the past 13 months towards acquiring commercial assets in Florida, Virginia, Tennessee, Maryland and Texas.<\/p>\n<p style=\"text-align: justify\">The company\u2019s return to the multifamily industry is credited to the steady decline of overall average vacancy rates in the Miami rental market over the past seven quarters.\u00a0 The Adler-ECI project aims at filling a void of available rental product in the mainland Miami communities north of the Downtown\/Brickell market and south of the Aventura\/Sunny Isles market.<\/p>\n<p style=\"text-align: justify\">Adler Group\u2019s five-decade experience in the industry, along with ECI Group\u2019s 40 years of delivering and managing top quality apartment and commercial properties across the Southeast U.S., stand as proof of the quality of the newest residential project that is to break ground in Miami.<\/p>\n<p style=\"text-align: justify\"><em>Image Courtesy of Schwartz Media Strategies<\/em><\/p>\n<p style=\"text-align: justify\">For more market data on Miami,\u00a0<a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-new-construction-expected-in-miami-as-vacancies-fall-and-employment-prospects-loom\/1004052721.html\" target=\"_blank\" rel=\"nofollow\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fast-growing demand for quality apartments in South Florida has drawn Adler Group to return to its multifamily roots. The company is now involved with plans to two luxury 20-story apartment towers just north of Downtown Miami.<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[39396],"class_list":["post-1004051813","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest","tag-miami"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay\" \/>\n<meta property=\"og:description\" content=\"The fast-growing demand for quality apartments in South Florida has drawn Adler Group to return to its multifamily roots. The company is now involved with plans to two luxury 20-story apartment towers just north of Downtown Miami.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-18T14:48:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-02T17:36:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/05\/Adler-Group-Rental-Rendering-3.jpg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay\",\"datePublished\":\"2012-05-18T14:48:55+00:00\",\"dateModified\":\"2020-04-02T17:36:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/05\\\/Adler-Group-Rental-Rendering-3.jpg\",\"keywords\":[\"Miami\"],\"articleSection\":[\"Miami\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-eci-to-deliver-two-luxury-apartment-towers-overlooking-biscayne-bay\\\/\",\"name\":\"Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay - 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