Summary:
- Alta Development, led by Henry Pino, is constructing SOMI Walk, a 16-story luxury student housing project in Coral Gables with 173 apartments and 675 beds, located 1.4 miles from the University of Miami campus to address immediate off-campus housing demand.
- The University of Miami is expanding on-campus housing through a multi-phase plan adding over 3,400 beds by 2026, but these developments will not fully meet current student housing shortages, creating an opportunity for SOMI Walk’s modern residences.
- SOMI Walk will feature upscale amenities including rooftop and third-floor pools, a wellness center, and rent-by-the-bed options with private bedrooms and bathrooms, aiming to combine luxury residential and student housing standards for UM’s upperclassmen by 2028.
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