The Altman Companies, a developer of exceptional rental apartment communities, has announced the sale of Altís Bonterra located in Hialeah, Florida, to AvalonBay Communities, a Virginia-based REIT. Robert Given of Cushman Wakefield represented The Altman Companies in the sale.
Altís Bonterra, located at 3545 West 98th Street in Hialeah, is a sixteen 3-story apartment home community, offering one, two- and three-bedroom high-end apartment homes complete with ultra-luxe amenities, trendy décor and designer finishes. The community is in a recently annexed area of Hialeah in NW Miami-Dade which is being redeveloped. The property is located off I-75, near many major employers and the site for the much-anticipated American Dream Miami Mega Mall.
“Over the past 50 years, we’ve developed and assembled a portfolio of rental properties that have redefined the Exceptional Living Experience in Florida and across the country,” said Joel Altman, chairman and CEO of The Altman Companies. “With a pipeline of new and exciting developments on the horizon, the timing was right to sell this community.”
Apartment homes at Altís Bonterra feature spacious floorplans with private entries, designer kitchens, and private balconies. Residents can play outdoors with family and friends at the beach-entry pool ringed by pavilions, tropical landscaping, and Tiki huts. Residents can hold parties at the chef-inspired outdoor demonstration kitchen complete with barbecue grills. An outdoor fireplace gives grown-ups a place to relax while children play in the pool or the Teen Zone, a high-tech room with complimentary video games and players.
Residents can also enjoy the 5,900-square-foot clubroom that features an arcade game and a private theater with lounge-style seating and a 120-inch, high-definition screen.
Altís Bonterra is a National Green Building Standard (NGBS) certified community and includes green features such as 100% energy efficient designer lighting, Energy Star refrigerator and dishwasher, a high-efficiency water heater and individual unit electric meter & sub-metered water.
BBX Capital Real Estate currently owns 50% of The Altman Companies, which is a division of BBX Capital Corporation.
