University Developments released today a collection of new renderingsof University Bridge Residences -- a premier condominium purpose-built for student tenants located across the street from the main campus of Florida International University (FIU).
Providing buyers and brokers with a fresh glimpse intothe project, the renderings unveil the residential lobby and the project’s stunning amenity deck with a landscaped recreational area boasting a resort-style pool with beach entry and pool volleyball with lap area, cabanas, sun deck with daybeds, BBQ and dining areas. The building’s rooftop will also feature a sunset terrace complete withdining areas, large yoga lawnand performance stage.
Each turnkey unit depicted in the interior renderings comes fully furnished offering a multitude of residential features including complete kitchens, stainless steel appliances, washer and dryer in every residence, flooring throughout, and dedicated bathroom for each bedroom.
Exclusively presented by Cervera Real Estate, University Bridge Residences offer a wide array of floorplans ranging in size from 317 square feet to 1,634 square feet, including studios, one, two, three and four bedroom units, as well as three and four bedroom townhouses. Prices range from the $190,000’s to the $600,000’s.
Developed by University Developments -- a partnership between Miami-based Global City Development, Toronto-based Reichmann International and Toronto-based Podium Developments –the highly anticipated 20 story, 492-unit project is the first of its kind in Miami and is scheduled for completion in time for the 2020-2021 academic year.
“We’re thrilled to unveil the pool deck and interiors of University Bridge, which we specifically created with our residents in mind. We set out to elevate student housing by design, offering an array of specialized student furnishings and amenities that directly benefit residents’ day-to-day lifestyle and add value for condominium buyers,” said Brian Pearl, principal of Global City Development. “There’s a great demand for student housing at FIU, and University Bridge Residences is introducing a new paradigm in the area, benefitting both the local community and students who live there.”
With a direct connection to the FIU campus via the new 8th Street pedestrian bridge, University Bridge Residences will serve the school’s rapidly growing student population’s housingdemand. Florida International University is the fourth-largest university in the United States by enrollment, with more than 55,000 students, but only eight percent of the student body lives in college owned, operated or affiliate housing.
Acclaimed architecture and interior design firm Arquitectonica designed the project while Landmark Properties, one of the top US firms specialized in off-campus student housing, will manage the property once completed.
“Student housing is one of the fastest growing asset classes in the world as university enrollments continue to trend upward,” said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate. “We are very excited to be bringing this new product to our city with University Bridge Residences. Finally offering locals and our international clients an opportunity to participate in an asset class that has traditionally only been made available to institutional investors.”
As part of the City of Sweetwater’s newly-designated University City, ownership of the units is open to all qualified buyers; however residents must be university affiliated.
To aid in residents’ academic pursuits, students will enjoy complete access to all university online tools directly from their condominium, just as if they were on campus.
Other student-focused amenities include shared study areas on each residential floor, a business center complete withfour fully equipped conference rooms,and an outdoor video screen that can show movies or sporting events.
University Bridge is also complete with a state-of-the-art fitness room, and a 5,500-square-foot indoor lounge and game room.
An on-hours concierge will be available in the main lobbyfor the convenience of residents while security staff will be on hand 24-hours. University Bridge will also offer approximately 7,000 square feet of ground floor commercial spaceavailable for future retail or restaurants curated to support the student residents’ needs and lifestyle.
Located at 740 SW 109thAvenue,University City,Sweetwater, an on-site sales center is currently under construction and will open this fall. For more information, please visit www.UniversityBridge.com.
About University Developments:
University Developments is a partnership between Global City Development, with headquarters in Miami and over $2 billion in real estate developed in the USA and internationally; Reichmann International, with a worldwide reputation for excellence in large international projects including First Canadian Place (Toronto), World Financial Centre (New York), and Canary Wharf (London); and Podium Developments with over a decade of expertise in student housing and dozens of successful projects completed in the Greater Toronto Area and Southern Ontario, Canada. For more information, please visit www.university-developments.com.
