Neology Development Group, led by CEO and Founder Lissette Calderon, has officially topped off the construction of Fourteen Allapattah Residences, Neology’s third lifestyle-driven residential community in one of Miami’s most dynamic emerging neighborhoods, Allapattah.
Fourteen Allapattah Residences is centrally located just two blocks from the Allapattah Metrorail Station, as well as in close proximity to the University of Miami Health System, Jackson Memorial Hospital, and Miami-Dade College Medical Center. The property is just a short car or public transit ride away from both Brickell and Downtown, home to several large employers and dining and shopping destinations, along with popular attractions such as Marlins Park, American Airlines Arena, the Adrienne Arsht Center for the Performing Arts, Perez Art Museum Miami, Frost Museum of Science and the new Brightline commuter rail station connecting Miami to Fort Lauderdale, West Palm Beach and Orlando.
Allapattah has quickly become one of Miami’s most sought-after neighborhoods. It boasts a cluster of elite cultural institutions as well as many new businesses, restaurants, and nightlife establishments. It’s also situated just a few blocks from Neology’s first Allapattah apartment community, No. 17 Residences, which opened in April of 2021 and leased up in record time. Neology’s second Allapattah community, “The Julia,” inspired by Miami’s original real estate visionary, American businesswoman Julia Tuttle, will deliver 323 upscale apartments, also in 2024.
“We are incredibly excited to celebrate this significant milestone in the construction of Fourteen Allapattah Residences. This project is a testament to our commitment to enhancing the vibrancy of the Allapattah neighborhood and offering a truly exceptional living experience,” said Calderon. “With its upscale apartments, innovative amenities, and prime location, Fourteen Allapattah Residences is set to become a cornerstone of this dynamic community. We look forward to delivering a place that residents will be proud to call home in 2024.”
Neology’s current ownership portfolio consists of 1,200+ apartments recently built or under construction in Miami’s urban core, with another 1,600 apartment units in the predevelopment phase and a pipeline of 2,000 additional units in South Florida and beyond. Combined with 2,000 condo units previously built and sold, this represents a multifamily portfolio of nearly $2 billion. Neology’s partner on this project is AOZA Fund, which has a history of creating long-term, sustainable real estate value in opportunity zones across the fifty states, and is directed by Dr. Peter Linneman, who has created a platform of successful real estate companies.
Members of the development, design, and construction teams, including JAXI Builders, Inc., Behar Font Architects, and interior designer designBAR gathered on Friday, November 10, to commemorate the milestone in construction.
