University Developments Selects Coastal Construction as General Contractor for University Bridge Residences

11/16/17

On-site demolition has been completed as project prepares for its sales gallery opening

University Developments is pleased to announce that Coastal Construction Group has been selectUniversity Bridge Residences -- a premier condominium purpose-built for student tenants located across the street from the main campus of Florida International University (FIU).

Award-winning Coastal Construction Group was founded in 1988 and has earned a reputation as one of the leading contractors in the state and the Southeast. With a roster of public and private clients, Coastal has built many of South Florida’s most high profile hotels and resorts, condominiums, office buildings and schools.

Located at 740 SW 109thAvenue, within the newly-designated University City district across the street from FIU, demolition of previously existing structures on the development site has already been completed as the project prepares to unveil its state-of-the-art sales gallery before the end of the year.

In August, University Developments – a partnership between Miami-based Global City Development, Toronto-based Reichmann International and Toronto-based Podium Developments – announced plans to develop University Bridge Residences, which will serve as the first student housing condominium in the Miami market. The highly anticipated 20 story, 492-unit project is scheduled for completion in time for the 2020-2021 academic year.

“Throughout our long-term relationship with Coastal Construction, we’ve experienced their expertise and commitment first-hand through our past projects,” said Diego Procel, principal of Global City Development. “We are excited to once again join forces with Coastal Construction on our newest development, University Bridge Residences.”

“We are honored to be selected to build this unique project in the City of Sweetwater’s newly designated University City,” said Tom C. Murphy,Co-President of Coastal Construction. “We look forward to working with University Developments and to completing their vision for a premier student housing facility in Miami.”

Exclusively presented by Cervera Real Estate, University Bridge Residences offers a wide array of floorplans ranging from studios to four bedroom units, as well as three and four bedroom townhouses. Prices range from the $190,000’s to the $600,000’s.

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 housing demand. 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, residents can enjoy a 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, a state-of-the-art fitness room, and a 5,500-square-foot indoor lounge and game room. The building’s rooftop will also feature a sunset terrace complete with dining areas, yoga lawn and performance stage.

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 with four fully equipped conference rooms, and an outdoor video screen to project movies or sporting events.

An on-hours concierge will be available in the main lobby for 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 space available for future retail or restaurants curated to support the student residents’ needs and lifestyles.

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 visitwww.university-developments.com.

About Coastal Construction

Award-winning Coastal Construction Group and the Murphy family have been building projects throughout Florida for more than five decades and have earned a reputation as one of the leading contractors in the state and the Southeast. Coastal currently has operations in Miami, Palm Beach, Naples, Tampa, Orlando, and the Florida Keys, and has significant experience in commercial, hospitality, single and multi-family residential, educational, government-related facilities and disaster recovery projects. Coastal has built more than 50 hotels and resorts in Florida, including the Ocean Reef Club, Boca Grande, Fisher Island Club, St. Regis Resort & Residences Bal Harbour, the Miami Beach Edition, The Ritz Carlton South Beach, SLS South Beach, Four Seasons, Faena Hotel, and the West Palm Beach Hilton as well as numerous South Florida condominiums, office buildings and schools, such as the Mansions at Acqualina, Porsche Design Tower, Residences by Armani Casa, Mystique, and the Bacardi World Headquarters. For more information on Coastal, call 305-559-4900, or visit www.coastalconstruction.com.

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