American Landmark and BH Group Break Ground on 'The Current at City Center' At $1.5 Billion 'Southplace City Center' in Cutler Bay

American Landmark Apartments (“American Landmark”), one of the nation’s top apartment owners and operators, and BH Group, a Miami-based real estate investment firm, celebrated the groundbreaking of The Current at City Center, a 350-unit apartment community located on the site of Southland Mall in the southern Miami-Dade Town of Cutler Bay. The residences mark the beginning of a seven-year, multi-phase, $1.5 billion buildout of the mall into Southplace City Center, a dynamic mixed-use development that will redefine the landscape of southern Miami-Dade County.

Part of a large-scale project that will bring approximately 5,000 market rate apartments and condominium residences, the eight-story Current at City Center will include 24,000 square feet of ground retail and a new parking garage. Presidente Supermarkets, one of the country’s largest Hispanic-owned grocery chains, will occupy the entirety of the building’s ground floor retail and will have a one-of-a-kind design that aligns with the overall vision and strategy of Southplace City Center.

“This groundbreaking is a crucial step in fulfilling our goal of creating a more vibrant and connected community in Cutler Bay and all of southern Miami-Dade County,” said Joe Lubeck, CEO of American Landmark. “As we break ground on The Current at City Center and Southplace City Center as a whole, we envision a focal point for the area where residents have a true live-work-play option that satisfies the growing need for housing, updated retail, communal spaces, casual and high-end dining, and much more. We are thankful for the collaborative efforts of Miami-Dade County and the Town of Cutler Bay as they share their passion for the economic growth and modernization of this area.”

“With The Current at City Center now underway, this groundbreaking marks the beginning of a new era for Miami-Dade County,” added Isaac Toledano, Founder and CEO of BH Group. “This is only the beginning of what will become one of the area’s most transformative developments bringing greater economic opportunity, innovation, and inspiration for what can be accomplished in this exceptional community.”

Located at 20505 S Dixie Hwy, The Current at City Center will deliver modern, upscale residences designed to meet the growing demand for high-quality housing in Miami-Dade County. The new development will feature 350 apartment homes along with a comprehensive array of luxury amenities including a resort-style pool, state-of-the-art fitness center, resident lounge, dog park, and lush outdoor gathering areas.

The transformation of Southland Mall into Southplace City Center will introduce more than 5,000 market rate residential units, 500,000 square feet of retail, dining, and entertainment space, a 60,000-square-foot medical center, a 150-key hotel, and extensive green spaces. The project will be adjacent to Miami-Dade County’s new Bus Rapid Transit (BRT) system, enhancing regional connectivity and accessibility.

Developed by American Landmark in partnership with BH Group, Southplace City Center is expected to generate approximately 3,000 new jobs during construction and $44 million in revenue within its first five years with 2,000 permanent jobs thereafter, reinforcing Culter Bay’s position as a key hub for residential and commercial growth. The 100-acre property will feature a reimagined retail center with direct storefront access, improved parking, and a dedicated community space for events such as concerts and farmers’ markets.

Current major retailers include Macy’s, JCPenney, Regal Cinemas, Florida Technical College, TJ Maxx, Old Navy, DSW, ROSS Dress for Less, LA Fitness, Five Below, Olive Garden, Buffalo Wild Wings, and Applebee’s.

The retail, design, and construction team for Southplace City Center includes Urban Retail Properties, LLC, MSA Architects, RSP Architects and general contractor American Engineering & Development Corp.

Construction of The Current at City Center is expected to be completed by Q3 2027.

Renderings via BH Group and American Landmark

American Landmark Apartments Sells Lago Paradiso at the Hammocks Multifamily For $99 Million

Lago Paradiso at the Hammocks, a 424-unit, garden-style multi-housing community in the suburban neighborhood of Kendall in Miami-Dade, Florida, has traded for $99 million. JLL marketed the property on behalf of the seller, American Landmark Apartments and multifamily investment firm Cortland was the buyer. The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Director Maurice Habif, Directors Simon Banke and Ted Taylor and Associate Jo Rousseau.

Lago Paradiso at the Hammocks comprises one- and two-bedroom units ranging from 552 to 945 square feet. Units feature designer cabinetry, granite counters, stainless steel appliances, full-size washers and dryers, walk-in closets and screened patios and balconies. The community offers two pools, a 24-hours fitness center, clubhouse with WiFi cafe, fire pit area, outdoor kitchen with gas grills, 24-hour package room, sailing and fishing, lakeside jogging and bike trail and controlled access.

Located at 15000 SW 104th St., residents of Lago Paradiso at the Hammocks enjoy direct access to many of Florida’s major highways, located just 16 and 10 miles southwest of Downtown Miami and Miami International Airport respectively. To the west is the Florida Turnpike and US Highway 1, with subsequent linkage to Interstate 95 to the east. The property offers easy access to local retail, entertainment and dining options, including The Fall, Dadeland Mall, Palms at Town & Country, Port of Miami and Freedom Park Stadium.

“Lago Paradiso represents a fantastic investment opportunity combining a phenomenal location and strong resident profile in a highly supply-constrained suburban market,” said Banke. “The potential for physical improvements at the property is supported by incredible market fundamentals and we are excited to see the community’s performance under Cortland’s ownership.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

Images via JLL

This article was produced in partnership with JLL