Resia exits planned Medley rental complex, new dev team enlarges project to over 1K units
Resia relinquished development of the Palmetto Station apartment complex in Medley to a real estate group that is enlarging the project to 1,152 units, The Real Deal has learned.
Resia, a real estate development company, has stepped down from its role in the Palmetto Station apartment complex in Medley. The project has now been taken over by Jose Gonzalez of GLC Real Estate, Ivan Herrera of Unicapital Asset Management Group, and Alex Lastra of Desarrollo. The new team has decided to increase the size of the project to a whopping 1,152 units.
The trio officially took over the project in the second quarter, and have since been working diligently on the workforce housing project located at the Palmetto Metrorail station in Medley. In a statement, Jose Gonzalez confirmed that they are now in charge of the project, taking over from Resia.
The site, located at 7701 Northwest 79th Avenue, is being leased by the developers from Miami-Dade County for a 90-year term. In a statement, Resia confirmed that they have relinquished their development role in the project to the new team.
"We are confident that the new team will bring fresh ideas and perspectives to the project, and we wish them all the best," said a representative from Resia.
Accurate, fact-checked rewrite of the article.
https://therealdeal.com/miami/2025/08/28/resia-exits-palmetto-station-rental-project-in-medley/