The 312-unit Altís Ludlam Trail is expected to come online next spring.
Altís Ludlam Trail, a 312-unit luxury community in Miami, has topped off. The Altman Cos. is developing the project in a partnership with MV Real Estate Holdings and The Mattoni Group.
The joint venture secured financing for the project in June 2020 when Comerica Bank provided a $55.4 million construction loan. According to Yardi Matrix, completion is anticipated for spring 2022.
The six-story building is situated on 2.74 acres at 7004 Bird Road, in the Ludlam Trail Corridor District. The average unit will span approximately 820 square feet and will feature energy-efficient lighting, ENERGY STAR-rated dishwashers, washers and refrigerators. Apartments will include individual unit electric meter and sub-metered water and a programmable thermostat with a humidistat.
The community is targeting National Green Building Standard certification and will provide electric car charging stations that residents can use free of charge.
Amenities at the pet-friendly Altís Ludlam Trail will include a bark park and a grooming area, as well as a playground with synthetic turf and a hammock garden. Additional features include a rooftop pool, a pool deck with pavilions and barbecue grills, a clubhouse with a media room, a fitness center and a coffee bar.
Located near 7,500 square feet of retail space, the community is 3 miles from Coral Gables, just 2 miles from the University of Miami and less than a mile from the Palmetto Expressway.