Habitus Coral Gate Under Construction at 1546 SW 27th Avenue
Habitus Capital has started construction on Habitus Coral Gate, a nine-story, 67-unit mixed-use project at 1546 SW 27th Avenue in Miami's Coral Gate.
Habitus Coral Gate is under construction at 1546 SW 27th Avenue in Miami's Coral Gate. A building permit valued at $24,038,880 was issued, and a notice of commencement was filed Nov. 3, 2026. The nine-story mixed-use building will contain 67 apartments and 3,589 square feet of retail.
Habitus Coral Gate RFII-B LLC, an affiliate of Habitus Capital, is developing the project. Modis Architects is the architect; Ballast Construction is the general contractor. The project is planned for a 19,712-square-foot parcel zoned T6-8-O.
The site previously held a shopping plaza, since demolished. The parcel was acquired for $4 million in 2023. Estimated project cost is $29.4 million, funded by a $29.4 million construction loan from Hall Structured Finance.
Construction could take 12 to 18 months, though the timeline is unconfirmed. No affordable or workforce housing incentives were filed; units are expected to be market-rate.
- Address
- 1546 SW 27th Avenue, Miami, FL 33145
- Units
- 67
- Floors
- 9
- Sq ft
- 100,162
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