{"id":87668,"date":"2025-12-18T05:21:07","date_gmt":"2025-12-18T05:21:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/87668\/"},"modified":"2025-12-18T05:21:07","modified_gmt":"2025-12-18T05:21:07","slug":"neology-rubell-family-join-forces-for-huge-allapattah-residential-project","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/87668\/","title":{"rendered":"Neology, Rubell Family Join Forces For Huge Allapattah Residential Project"},"content":{"rendered":"<p><a class=\"tag tag-196809\" href=\"https:\/\/www.bisnow.com\/tags\/neology-group\" target=\"_blank\" data-tag-id=\"196809\" rel=\"nofollow noopener\">Neology Group<\/a>, <a class=\"tag tag-186712\" href=\"https:\/\/www.bisnow.com\/tags\/lion-development-group\" target=\"_blank\" data-tag-id=\"186712\" rel=\"nofollow noopener\">Lion Development Group<\/a> and the Rubell family are partnering\u00a0to launch a multiphase, art-focused residential development in Miami\u2019s Allapattah neighborhood.<\/p>\n<p>                        <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/placeholder.png\" loading=\"lazy\" alt=\"Placeholder\"\/><\/p>\n<p>\n      The empty lot where Neology, Lion and the Rubell family plan to build the 21-story tower.\n    <\/p>\n<p dir=\"ltr\">The joint venture is starting with a 21-story apartment\u00a0tower on a vacant site\u00a0a block from\u00a0the Rubell Museum, a nonprofit art museum owned and operated by the Rubell family. It will be the first of a three-phase project, according to a release.<\/p>\n<p dir=\"ltr\">&#8220;Aspirational luxury living is not just about design; it is about experience and belonging,&#8221;\u00a0Neology Group founder and CEO Lissette Calderon said in a statement.\u00a0&#8220;Through this development, we are creating a residential lifestyle where urbanites can live close to world-class cultural institutions while staying rooted in the city they love.&#8221;<\/p>\n<p dir=\"ltr\">The unnamed residential project will feature 330 units and 10K SF of ground-floor retail at 1000 NW 23rd St. Construction is expected to finish in 2029.\u00a0<\/p>\n<p dir=\"ltr\">An entity tracing to Rubell Museum co-founder Jason Rubell,\u00a0who owns and operates art museums in Miami and Washington, D.C., purchased the lot for $5M in 2021, according to public records.<\/p>\n<p dir=\"ltr\">The Rubell Museum, a 100K SF campus with 33 galleries\u00a0spanning six former industrial warehouses at 1100 NW 23rd St., displays pieces from artists\u00a0such as Sylvia Snowden, Joanna Van Son and Seung Ah Paik.<\/p>\n<p dir=\"ltr\">&#8220;This three-phased mixed-use development represents the natural evolution of that vision,\u201d Rubell said in a statement. \u201cBy partnering with Neology Group and Lion Development Group to bring thoughtful residential development to the neighborhood, we&#8217;re creating a true arts district where people can live, work, and connect with world-class contemporary art on a daily basis.\u201d<\/p>\n<p dir=\"ltr\">The\u00a0developers plan to announce the details of the following\u00a0two phases next year.<\/p>\n<p dir=\"ltr\">Neology, which has built and sold more than 2,000 luxury condos and has a pipeline of more than 4,500 additional workforce housing units, is no stranger to Allapattah.<\/p>\n<p dir=\"ltr\">The firm, led by Calderon, has delivered the 192-unit No. 17 Residences, the 323-unit The Julia Residences and the 237-unit Fourteen Main Street Residences in the Miami neighborhood, according to its website.<\/p>\n<p dir=\"ltr\">The\u00a0multifamily development comes amid an oversupply cliff and softening rents, which\u00a0<a href=\"https:\/\/www.bisnow.com\/south-florida\/news\/multifamily\/miamis-multifamily-oversupply-and-softening-rents-spook-investors-131666\" target=\"_blank\" rel=\"nofollow noopener\">have spooked\u00a0potential investors<\/a>. While\u00a0it is still one of the most expensive markets in the country, Miami rents have decreased 6% over the past year, <a href=\"https:\/\/www.zumper.com\/rent-research\/miami-fl\" target=\"_blank\" rel=\"nofollow noopener\">according to a Zumper report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Neology Group, Lion Development Group and the Rubell family are partnering\u00a0to launch a multiphase, art-focused residential development in&hellip;\n","protected":false},"author":2,"featured_media":87669,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[47723,225,227,226,47726,47724,47725],"class_list":{"0":"post-87668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hialeah","8":"tag-allapattah","9":"tag-hialeah","10":"tag-hialeah-headlines","11":"tag-hialeah-news","12":"tag-jason-rubell","13":"tag-lion-development-group","14":"tag-neology-group"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/87668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=87668"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/87668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/87669"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=87668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=87668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=87668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}