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Developer acquires site for first Live Local Act project in Miami’s Model City

Gridline brokers $3.8 million deal between Next Development and seller BCS Capital
Next Development Group and Tacolcy Economic Development Corp. are planning to build Principio at the intersection of of 54th Street and Northwest Seventh Avenue in Miami. (CoStar)
Next Development Group and Tacolcy Economic Development Corp. are planning to build Principio at the intersection of of 54th Street and Northwest Seventh Avenue in Miami. (CoStar)
CoStar News
November 27, 2024 | 9:44 P.M.

Next Development Group is moving forward with plans to build Principio, a new 142-unit apartment complex after acquiring the development site in Miami’s Model City area, only a few minutes north of the Wynwood Arts District.

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