Mattoni Group and Altman Companies Sell Altís Ludlam Trail in Miami-Dade, FL to GID

July 17, 2023, Author: Judith Masters, Newsbreak

In an exciting development for the real estate market, The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is excited to announce the successful sale of Altís Ludlam Trail. This mixed-use, six-story apartment building, located in Miami-Dade, has been acquired by GID, a prominent real estate owner and fiduciary known for investing in diverse asset classes. Altís Ludlam Trail, which was developed in collaboration with MV Real Estate Holdings and The Mattoni Group, is situated on approximately 3 acres of land. 

“The Altman Companies are proud to have developed Altís Ludlam Trail into a premier residential community designed to take advantage on the special location along the new Ludlum Trail,” said Seth Wise, CEO of The Altman Companies. “We are thrilled to transition ownership to such an esteemed organization as GID. This transaction continues a long and successful relationship with GID.” 

Altís Ludlam Trail has been highly regarded for its innovative design, luxurious amenities, and vibrant live-work-play environment. The community offers an array of Class-A amenities, including a rooftop resort-style pool, fully amenitized pool deck with fabulous views of the Miami skyline, and a rooftop clubhouse with a media room, fitness center, and coffee bar. Additional features include lots of “work from home” workspace with high-speed internet access, a synthetic turf gaming area, and a hammock garden. Altís Ludlam Trail is also a pet-friendly community, with an indoor air-conditioned dog grooming spa and a bark park conveniently located adjacent to the new Ludlam Trail, allowing residents to enjoy quality time with their furry companions. 

“GID aims to create thriving communities where people feel truly cared for through our in-house property management company, Windsor Communities. With its prime location and top-notch amenities, Altís Ludlam Trail presents an exciting opportunity within the Miami-Dade market,” said Greg Bates, President and CEO of GID. “The Altman Companies are known for their commitment to excellence and high standards, and we will continue to prioritize and elevate that level of experience at Altís Ludlam Trail.” 

Situated in the Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail comprises 312 ultra-luxe apartments with an average unit size of 820 square feet. Developed in partnership with MV Real Estate Holdings and The Mattoni Group, the property occupies approximately 3 acres of land. Altís Ludlam Trail is National Green Building Standard (NGBS) certified, incorporating sustainable initiatives such as energy-efficient designer lighting, ENERGY STAR® appliances, individual unit electric meters, sub-metered water, high-efficiency water heaters, and programmable thermostats with humidistat. The community also features electric car charging stations, promoting green energy and sustainability. 

“We are delighted to have partnered with The Altman Companies in the development of Altís Ludlam Trail, an exceptional community that combines luxury living with sustainability,” said Ricardo Caporal, President of The Mattoni Group. “Our shared vision has come to life in this project, and we are proud to have been a part of creating a truly remarkable residential experience for the residents.” 

“We are so proud to have worked on this legacy project that helped shape the future for the entire Ludlam Trail masterplan,” said Alex Mantecon of MV Real Estate. “It has been amazing to collaborate with our partners on Altís Ludlam Trail and we are excited for more transformational development to take place in this area as we continue to make a lasting impact along the Ludlam Trail.”

In addition to the residential component, Altís Ludlam Trail offers 7,500 square feet of retail space. Its prime location is less than a mile from the Palmetto Expressway, two miles from the University of Miami, and three miles from Coral Gables. Additionally, Altís Ludlam Trail will be under the management of Windsor Communities, a nationally recognized property management company.  

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