A 16-story residential tower called Aurevia is set to rise at 1590 NE 123rd Street in North Miami, bringing 225 apartments, ground-floor retail, and a pickleball court to a site that once housed a community center. The North Miami Planning Commission has approved plans for the project, according to Florida YIMBY, which reported the design details on September 13, 2026.
The property sits on 0.96 acres and was previously home to a community center that later closed. As detailed by Florida YIMBY, the site was purchased in 2022, before Aurevia's current plans.
That sale traces back to 2022, when the parcel was purchased for $3.1 million, as reported by Florida YIMBY. Its reporting identifies 1590 NE 123rd St LLC, an affiliate of Acre Management, as the entity now developing Aurevia on that same footprint.
What's Actually Getting Built
Per the same Florida YIMBY account, Aurevia's 225 apartments will range from roughly 515 to 1,100 square feet, averaging 776 square feet across studio, one-bedroom, two-bedroom, and three-bedroom layouts. The building is designed by Vimani Design and is estimated to cost $77.4 million to complete, the report notes. Amenities include a fitness center, a swimming pool and deck, and the pickleball court, alongside 6,553 square feet of second-floor office space and 8,618 square feet of ground-floor retail.
The project also calls for 316 parking spots in a multi-level garage, according to the outlet's reporting. Oldtown Capital Partners situates the tower at the southwest corner of 123rd Street and 16th Avenue, immediately next to North Miami's Whole Foods Market, according to the developer's project materials.
A Developer Already Deep Into North Miami
Oldtown Capital Partners' project listings include Aurevia.
A Developer Already Deep Into North Miami The Aurevia approvals were part of the city's review process.
Fitting Into North Miami's Density Push
Aurevia lands in an area North Miami has identified for redevelopment. The North Miami Community Redevelopment Agency's Strategic Mobility Hub and Transit-Oriented Development Plan discusses redevelopment around the 123rd/125th Street and FEC corridor and future mobility-oriented development, according to the North Miami Community Redevelopment Agency.
The project also raises broader policy questions. It remains an open question whether Aurevia will incorporate dedicated workforce housing units or stay entirely market-rate, and how NE 123rd Street's traffic will absorb the added density.
Housing costs are another consideration for North Miami's development pipeline.
Aurevia adds another project to North Miami's development pipeline.
