The development at 7090 SW 59th Place stands as the first high-rise of its scale in the city, positioned just two minutes from the South Miami Metrorail station and five minutes from campus. With the foundation finished and the structure ascending, the firm anticipates receiving a temporary certificate of occupancy by June 2028, ensuring readiness for the Fall semester. The project features 173 fully furnished units designed for a rent-by-the-bed model, providing every resident with a private bathroom and bedroom.
In section Releases
Alta Development Lists SoMi Walk Student Tower in South Miami
A 16-story tower rising near the University of Miami has hit the market, marking a rare opportunity for institutional investors to acquire purpose-built student housing in a supply-constrained corridor. Alta Development is currently seeking qualified buyers for the 673-bed project, which is already under active construction.
Beyond residential space, the tower includes a heavy focus on high-end lifestyle amenities. Plans for the facility incorporate dual pool decks, a wellness center equipped with cold plunges and saunas, golf simulators, and rooftop paddleball courts. Henry Pino, principal at Alta Development, described the project as a de-risked asset for investors navigating one of the nation's most constrained university housing markets. While pre-leasing efforts have already commenced, the firm is now finalizing the transition to new ownership as construction continues.
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