Miami-based developer Shoma Group has purchased a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million.
The property is to become the site for a mixed-use residential project called Shoma One, with 391 apartments and a Shoma Bazaar food hall.
The development is expected to cost $220 million to construct, with a groundbreaking set for January 2023.
“Miami is more popular than ever and the robust demand for housing that we’ve seen over the last couple of years is here to stay,” said Masoud Shojaee, Shoma’s CEO and chairman of the board.
“This location is ideally positioned between Coral Gables and Coconut Grove, with the bustling entertainment and dining scenes of Miracle Mile and CocoWalk just a short drive or bike ride away.
“We are very happy to bring this live-work-play mixed-use project with upscale apartments and fantastic amenities, including a Shoma Bazaar, to this thriving area,” Mr. Shojaee said.
Designed by Miami architectural firm MSA Architects, Shoma One will be two 18-story towers.
The developer says the project will boast thoughtfully designed amenities – a signature of the company’s multifamily projects – including a bowling alley lounge, child daycare, 1,161-square-foot yoga and spinning studio, dog park, co-working café, rideshare lounge for awaiting Ubers and Lyfts, and a spa with steam room, sauna and massage rooms.
Each tower is to have a rooftop sky lounge on the 18th floor, where residents can take in views of Coconut Grove extending east to Biscayne Bay, as well as its own lobby and secure mail and package room.
Atop the eight-story gated parking garage it will have a 2,500-square-foot fitness center, a club room, and a pool and pavilion with an outdoor grill, water features and lounge areas equipped with projection screens for viewing parties.
A bicycle-friendly development, Shoma One will also have a designated bike room for storage with a repair station for performing light maintenance.
Shoma Group hailed the site because of its proximity to the Metrorail and the evolving Underline urban trail and park.
Shoma One’s courtyard will link to the linear park, giving residents direct access to its planned landscaping and cycling and running paths.
The company says the apartments will have upgraded finishes and tech-savvy details, including biometric fingerprint door entries for keyless, secure access.
The dwelling units will range from 375-square-foot micro studios, which will be furnished with space-efficient convertible furniture, to 1,400-square-foot two-bedroom units.
There will also be seven two-story live-work residences, which allow for separate office and bedroom spaces on each floor, ranging from 1,344 to 1,400 square feet.
Michael Fay of Avison Young represented the seller, Deel Volvo, in the transaction.
Shoma One is expected to be completed in 18-24 months.
Established in 1988, Shoma Group is a development company handling residential and commercial projects. Over the past 33 years, Shoma has developed more than 10,000 homes and condominiums and more than 1 million square feet of retail and office space with $5 billion in completed transactions.
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