Inside Monarc at Met 3, a Luxury Apartment Tower Above Downtown Miami’s Whole Foods

Monarc at Met 3, a luxury apartment tower above the newish Whole Foods Market downtown, was just completed last month and opened to renters. According to property manager Michael Bailey-Tonini, the building is 35% leased so far, with an average of 35-40 move-ins a month. With 462 units, that means there is definitely demand, but they won’t be full tomorrow. One bedroom units are averaging $2300/month and two bedrooms go for about $3294. Meanwhile, as these photos from the management company show, the building came out pretty nicely. Scroll on through for the grand tour.

Monarc at Met 3, Above Downtown’s Whole Foods, is Done

The new Whole Foods Market downtown is not so new anymore. It opened more than a year ago. The rest of the building, that is basically everything above the grocery store’s parking garage, however, is. That’s because the tower which is called Monarc at Met 3 was built in two phases. Downstairs first, and now upstairs has just been completed, announced Suffolk Construction, the general contractor to the property. The 32 story tower contains 462 rental apartment units accessed by a large lobby on the west side of the building. According to the Real Deal:

Units in Monarc at Met 3 range from studios to three-bedroom residences, or 620 square feet to 1,450 square feet. Rents fall between $1,930 per month to more than $2,334. So far, 25 percent of the units have been leased at an average price of $3 per square foot, according to Greg West, senior vice president of ZOM.