RE:IS there any NEWS out ON H&R River Landing retail/apartment project opens on Miami River (Photos)
The River Landing Shops & Residences is delivering a jolt of activity to the Miami River with national retailers, apartments and offices.
The $452 million project by Canada-based H&R REIT and Miami-based Urban-X Group at 1500 N.W. North River Drive is in the center of several busy neighborhoods. It’s just west of downtown Miami, south of the Health District with its major hospitals, and close to the popular tourist destinations of Wynwood and Little Havana. It aims to provide a vibrant experience along a western stretch of the river that previously was difficult for the public to access. This project has a 25-foot-wide riverwalk for the public.
See the gallery for photos of the new River Landing.
Developed on 8.14 acres, the project totals 2.2 million square feet. Tenants currently open in its 345,000 square feet of commercial space include Publix Super Markets, Hobby Lobby, Burlington Stores, Five Below, AT&T, and Chase Bank. The developer expects Ross Dress for Less, Planet Fitness, TJ Maxx, Old Navy, Ficelles Bakery, Boulangerie Patisserie and Chick-Fil-A to open later, after they complete interior buildouts.
“We are grateful for the community's enthusiastic response since we rolled out our first store openings at River Landing this month,” said Coralee Penabad, a co-principal of Urban-X. “We can’t thank everybody enough for making the opening of River Landing a success.”
The retail space is more than 70% leased, said Andrew Hellinger, a co-principal of Urban-X. It has placed the leasing of the 25,500 square feet of restaurant space along the river on hold due to the Covid-19 pandemic, which has hurt restaurant traffic throughout the region.
River Landing has 135,000 square feet of office space on the top floor and Colliers International South Florida has been retained to find tenants.
The apartment component of River Landing has 528 units. They range from 495-square-foot studios to 1,912 square-feet-units with three bedrooms. Rent starts at $1,675.
Amenities for residents include a 24-hour fitness center with a spin room, virtual fitness classes, an outdoor yoga deck, a rooftop pool with an open-air bar, a social lounge with a kitchen, coworking space, concierge services, and electric car charging stations.
Lantown Residential, a subsidiary of H&R, is managing the apartment complex, where residents started moving in during October.
“We have already received substantial interest from future residents due to River Landing’s premium quality and outstanding mixed-use amenities,” said Philippe Lapointe, CEO of Lantower Residential.