1050 NW 14th Street
Miami, FL

In July 2023, Peakhill Equity Partners closed on a partnership with The Congress Group to acquire and develop Civica Center, a 380-unit Class A multifamily residential development in the heart of the Miami Health District in Miami, Florida. The site consists of approximately 37,079 square feet and currently is used as a parking lot adjacent to the Shoppes & Offices at Civica. Zoning allows for up to 321 units with an additional 59 units available through obtaining density bonuses resulting in 380 units with best-in-market amenities. The site is located adjacent to the sprawling Miami Health District, the second largest health district in the U.S. and one of the largest concentrations of medical research facilities in the U.S., boasting over two million square feet of research space and one million square feet of office space. Located at the intersection of I-95 and State Road 836, the Health District is proximate to Downtown Miami, Brickell, Wynwood, Edgewater, Midtown, and Miami International Airport. Since before the onset of Covid-19, the Miami market has been the beneficiary of strong job and population growth, resulting in the Miami market experiencing 27% market rent growth since 2019 for Class A product.