A major student housing development near the University of Miami has secured $132 million in refinancing, enabling it to welcome students for the 2025-26 academic year. Developed by The TREO Group, the VOX I and II project offers modern amenities and seeks to enhance the student living experience in South Florida.
Key Takeaways
- The TREO Group received $132 million in refinancing from Ocean Bank for VOX I and II student housing.
- The two-building complex includes 726 beds and 262 units, within walking distance of the University of Miami.
- The community features resort-style amenities, over 20 study lounges, and on-site retail.
Project Details and Features
Located at 7025 and 7175 SW 59th Avenue in Miami, VOX I and II collectively offer 726 beds spread across a mix of one- to four-bedroom apartments. Each unit is outfitted with conveniences such as washer-dryers, air conditioning, island kitchens, walk-in closets, and hardwood flooring. Residents benefit from controlled access, furnished units, and high-speed Wi-Fi.
Amenities go beyond standard offerings. The complex boasts two rooftop terraces, swimming pools, five fitness areas, an outdoor summer kitchen, a clubhouse, dog park, package service, and covered parking. More than 20 study lounges cater to student needs for focused workspaces, while ground-level retail adds everyday convenience.
Financing and Development Process
Ocean Bank, Florida’s largest independent commercial bank, provided the $132 million loan after an intricate refinancing process. The deal required swiftly replacing two loans from three different banks, coordinating with Miami-Dade County over the lease of underlying land, finalizing construction, and accommodating students before closing. Ocean Bank utilized an extensive network of professionals—attorneys, appraisers, and environmental consultants—to expedite the transaction and ensure a timely move-in for the upcoming academic year.
Student Housing Boom in Florida
The VOX I and II development adds to a surge of student housing projects across Florida. Recent announcements include the 1,195-bed Hub Tampa Fowler near the University of South Florida and the newly opened Aperture community in Orlando, which offers 680 beds. This trend reflects growing demand for high-quality, amenity-rich student accommodation in Florida’s thriving higher education sector.
Impact on Student Community
With its proximity—just half a mile from the University of Miami’s main campus—VOX I and II stand as a significant addition to student living options. Managed by Asset Living, the property not only meets students’ expectations for modern comfort and convenient access, it also contributes to the local real estate landscape by setting new standards for collegiate housing in the region.