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Arbor Residences Announces Construction Completion Date in 2024

November 10, 2023 by Jacki Taylor

The Arbor Residences in Miami

The Arbor Residences, a high-end real estate development in Miami, Florida, presents a unique investment opportunity. This project, located at 3034 Oak Avenue in the prestigious Miami-Dade County, is now under the management of Arbor Grove Development LLC, following a strategic transfer of ownership from 3034 Oak Park LLC.

Originally launched in 2017, this five-story development faced challenges, leading to a halt in construction. However, with the new management, the project is back on track, aiming for completion by the third quarter of 2024. This turnaround story is typical of Arbor Grove Development LLC, known for successfully reviving projects on the brink of failure.

The Arbor Residences offer 45 luxury units, with sizes ranging from 1,450 to 3,000 square feet. The pricing starts at $1.4 million, a significant increase from the initial $799,000, reflecting the dynamic changes in the housing market over the past six years. This price adjustment also indicates a strong market demand and potential for substantial investment returns.

The development boasts high-end amenities, including a swimming pool, fitness center, and lounge, catering to an affluent clientele. The project's location in a sought-after area of Miami enhances its appeal, making it an attractive proposition for investors looking to capitalize on luxury real estate.

The Arbor Residences Pool Deck

As a hedge fund manager, this project offers a compelling investment opportunity. The combination of a strategic location, luxury amenities, and the potential for high returns, especially given the project's recovery and growth trajectory under new management, makes The Arbor Residences a noteworthy addition to any investment portfolio.

Behar Font & Partners, a renowned architectural firm based in Coral Gables, is behind the design of The Arbor Residences. Their involvement adds an extra layer of credibility and aesthetic appeal to the project. With 36 active projects, their expertise in luxury residential developments is well-established.

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