A major new residential development is planned just west of Miami International Airport, bringing more than 800 new apartment units, retail space, and entertainment to the rapidly growing Miami River corridor.
Coastline Equity Capital Group, led by Eyal Mehaber, is planning the Eden Project, a large-scale mixed-use development on approximately 7 acres at 3550 Northwest South River Drive, along Palmer Lake in unincorporated Miami-Dade County.
Project Overview:
Designed by Sklarchitecture, the Eden development will include:
- 822 residential apartment units
- Four modern mid-rise buildings
- An 821-space structured parking garage
- Approximately 60,000 square feet of retail space
- A movie theater integrated within the development
Due to the property’s location within an airport flight path, building heights are limited to approximately eight stories. Airport authorities have already reviewed and approved the development parameters.
Strategic Location & Rental Demand:
The project benefits from its close proximity to the Miami Intermodal Center, a major transportation hub connecting rail, bus, and airport transit. This location is expected to generate strong and consistent rental demand from professionals, airport employees, and commuters.
Property Background & Site Acquisition:
The site is currently used as a vehicle storage and salvage lot and is owned by an entity led by the Seoane family, according to public records. Coastline Equity Capital Group has already invested capital into the site and plans to finalize full acquisition once construction is scheduled to begin.
The total projected purchase price is approximately $25 million.
Regional Impact & Redevelopment Vision:
The Eden Project will transform a historically industrial portion of the Miami River district that has long been occupied by warehouses and marine-related businesses. While much of the riverfront redevelopment has occurred east of this site, the Eden Project represents a significant step in expanding investment momentum to the western riverbank.
Another nearby riverfront redevelopment site at 3007 Northwest South River Drive further reflects the growing interest in revitalizing this section of the river corridor.
Coastline’s National Presence
Coastline Equity Capital Group maintains operational offices in:
- Miami-Dade, Florida
- New York
- New Jersey
The firm continues to expand its footprint through strategic multifamily and mixed-use developments across high-growth U.S. markets