The Trail
Advenir at Ludlam Trail, a joint venture between FVP and Prestige Companies, is a workforce multifamily housing development that is located adjacent to the planned Ludlam Trail linear park, a new 5.6 mile shared-use trail in Miami-Dade County that will provide safe, dedicated, direct pathways for walking, running, and cycling, and will also be connected with the Underline, which runs under the Metrorail.
Advenir at Ludlam Trail consists of a 314-unit garden-style community, offering one and two-bedroom apartments. The rents range from $1,600 to $1,900 a month and include amenities such as an outdoor gym and a dog park. Phase I was delivered at the end of 2022 and Phase II is scheduled to be completed in early 2024.
Information
Location Miami-Dade
Address 1040 SW 70th Avenue
Property Type Multifamily Low-Rise
Description Suburban
Acreage 8.3
Number of Units 314
Average Unit Size 781 SF
Parking Spaces 536
Parking Ratio 1.71 per unit
Completion (Phase I)Dec-22
Completion (Phase II Projection) Jun-24
Total Capitalization $63,300,000
Total Capitalization Per Unit $201,592
Co-Developer Prestige Companies
