Toll Brothers Campus Living® and CanAm Capital Partners Open New Luxury Apartment Community at Florida International University
10/05/23
Toll Brothers, Inc., the nation’s leading builder of luxury homes, through its Toll Brothers Campus Living® division, and joint venture partner CanAm Capital Partners, are pleased to announce the opening of Lapis in Miami, Florida. The brand-new luxury high-rise apartment community, designed exclusively for college students, spans more than 763,500 square feet, featuring 293 units and 1,086 beds within its 20 stories. Situated on a 1.73-acre site at 795 SW 110th Avenue, Lapis is adjacent to the Modesto A. Maidique Campus of Florida International University (FIU).
Financed with a $103 million construction loan facility from Ocean Bank, construction commenced in July 2021 and first residency was offered for the fall 2023 semester of FIU. Toll Brothers Campus Living is responsible for the development, construction, marketing, and asset management of Lapis.