Omega Real Estate Management, a vertically integrated real estate investment and management firm focused on the redevelopment of downtown North Miami, announces leasing has begun on The Gardens Residences, a brand new, 358-unit Class A apartment complex located on 126th Street in the heart of downtown North Miami. The $130 million property, which broke ground in 2022 and is the first phase of a new mixed-use district that Omega is developing on seven acres in North Miami, will welcome its first residents in June 2024. The Construction loan for the Gardens Residences development was secured by Berkadia and a team led by Charles J. Foschini.

Located at 1115 NE 126th Street, approximately 10 miles north of downtown Miami, The Gardens Residences is a nine-story, contemporary apartment complex offering a mix of studio, one-, two- and three-bedroom floor plans ranging from 511 to 1,447 square feet in size. Apartments will feature luxurious contemporary details such as quartz countertops and backsplashes, stainless steel appliances, floor-to-ceiling windows, faux wood floors and ceramic tiling. State-of-the-art amenities include a resort-style swimming pool, a fitness center, a lobby lounge, a club room, a dog park and grooming station, a ground-floor cafe and 505 parking spaces. The property is located directly adjacent to WJ Bryan Elementary School, and near a future proposed Northeast Corridor Rapid Transit Station stop.

Rents at The Garden Residences will start at $2,328 for the One Bedroom Units, with 10% of units reserved for individuals earning up to 80% of local area median income. Prospective tenants should apply at www.gardenresidences.com.

“The Gardens Residences is more than just a place to live – it will be the beating heart of a new community rising in downtown North Miami, which offers incredible walkability and convenient access to many of top employers in the region,” said CEO Sebastien Scemla. “As people continue to migrate to the Miami metro area, The Gardens Residences will appeal to value-oriented renters who want to live in a low-density, suburban-like community conveniently situated  between Miami and Fort Lauderdale with all the quality design features that a new Class A property allows.”

The Gardens Residences is the first phase of The Gardens District, an Omega Real Estate Management concept that spans seven acres and will include approximately 39,000 square feet of office and retail locations servicing the Community as well as an 11,000-square-foot dining hall with three full-service restaurants.