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Miami’s new Pier 19 Residences & Marina on the Miami River Gets $54.5 Million Loan from Apollo Asset Management

Pier 19

Pier 19 Miami (photo from Neology Development Group)

Miami’s new Pier 19 Residences & Marina on the Miami River, which is being developed by Lissette Calderon’s Miami-based Neology Development Group, received an infusion of cash from Apollo Global Management. Apollo Asset management extended a $54.5 million loan to the project, a fixed rate mortgage for five years, reported The Real Deal Miami.

Located at 1951 Northwest South River Drive, Pier 19 rises to 21 stories and boasts a total of 199 residences with “unparalleled and unobstructed” 360 views of Miami’s skyline. It also has its own private marina.

The Pier 19 website says, “Where the Miami River meets 19th Avenue rises… Pier 19 stands as one of South Florida’s most in-demand waterfront destinations along the Miami River.”

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The sizes of Pier 19 rental units range from one bedrooms at 720 SF to three bedrooms at 1,246 SF. They offer floor to ceiling windows with panoramic views of the city and river, upgraded stainless steel appliances, chef’s islands, washer and dryer in unit, walk-in closets.

Resort-style outdoor amenities at Pier 19 include an Elevated deck with hotel-style pool and hot tub, a beautiful 450ft long Riverwalk along the marina with summer kitchen and grill areas, an exclusive dog park and pet friendly environment, a Zen Garden and hidden resting nooks throughout the gated property.

Indoor amenities at Pier 19 include an a attended lobby, a multifunctional River Lounge and library area that also functions as a co-working space, a modern fitness center, a private theater suite, Luxer Room package delivery system, and Mr. Locker dry-cleaning service.

“With a setting on the South Bank of the Miami River, large units with floor to ceiling glass and panoramic views of the Miami River and the City Skyline, approvals for an on-site marina, and a central location minutes from Miami International Airport, Downtown, the Health District and Coral Gables, Pier 19 is designed to meet the expectations of today’s trendsetting urbanite.”

Lissette Calderon is the founder and CEO of Neology Group, a vertically integrated lifestyle-driven residential and commercial real estate firm that specializes in the transformation of undervalued communities into sought-after neighborhoods. Calderon’s rapid rise in South Florida’s highly competitive real estate industry began with her ability to see the potential in overlooked waterfront land along the Miami River, the Allapattah neighborhood, and, more recently, the Palmer Lake District in Miami.

A first-generation Cuban American, Calderon was born in Miami and earned a Bachelor of Science Degree in Economics, Cum Laude, from The Wharton School of Business at the University of Pennsylvania.



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