378 Apartments in Miami-Dade Break Ground with $60 Million Loan

Alta Developers has proposed apartments at 24550 S.W. 127th Ave. in the Princeton area of Miami-Dade County.

MSA ARCHITECTS

By Brian Sandell - Real Estate Editor, South Florida Business Journal Oct 10, 2025

Story Highlights

• Alta Developers secured $60 million loan for Princeton Commons apartments.

• First phase includes 378 apartments in eight-story buildings.

• Second phase plans filed for additional 226 apartments.

Alta Developers broke ground on the first phase of its Princeton Commons apartment project in the Princeton neighborhood of southern Miami-Dade County after securing a $60 million construction loan.

Miami-based City National Bank of Florida provided the mortgage to Alta Princeton LLC, led by Felipe Onetto and Juan Ignacio Montes of Miami-based Alta Developers. It covers the project at 24450 S.W. 127th Ave…

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Article: 378 Apartments in Miami-Dade Break Ground with $60 Million Loan