Capstone, Alta partnering on University of Miami student housing project

Capstone Collegiate Communities and Henry Pino’s Alta Development are partnering on a student housing project near the University of Miami. The developers are planning a 16-story, 189-unit complex with a total of 701 beds, the South Florida Business Journal reported. The project is slated for the sites at 5959 Southwest 71st Street and 7090 Southwest 59th Place, which total 0.8 acres, property records show. The partners are in contract to buy the sites, which last sold for $4 million in 2022 and $3.1 million in 2021, respectively.  The project’s amenities will include two pools, saunas and study rooms, the publication […]This article originally appeared on The Real Deal. Click here to read the full story.