B
luenest Development has acquired a 20-acre site in south Miami-Dade County for a townhouse development, marking another surge in residential construction in the area. The Miami-based firm purchased the property on Tower Road and Lucy Street through three deals worth $12.5 million. Bluenest secured financing from London Financial for land development costs, including water and sewer connections.

    The project will feature 219 townhouses across 28 two-story buildings, a clubhouse, and pool. Each home will have at least three bedrooms, priced between $430,000 and $470,000. While not officially designated as workforce housing, the development aims to target first-time homebuyers such as teachers, police officers, and firefighters.

    Bluenest has a significant pipeline of over 2,000 homes in south Miami-Dade, with about a quarter being workforce housing. The firm is also proposing two other projects in the area: 451 townhouses on 40 acres at Southwest 194th Avenue and Southwest 316th Street, with 100 workforce-priced units; and 72 townhouses at Southwest 310th Street and 191st Avenue, with 15 as workforce housing.

    South Miami-Dade has become an attractive location for developers due to its affordable buildable land compared to central areas like Brickell and downtown Miami. Recent deals in the area include Lennar's $16.6 million purchase of a 38.2-acre site for 105 single-family homes, and Lewis Swezy's proposal for a 132-unit age-restricted affordable apartment project in the Princeton neighborhood.