Alta Development Offers SoMi Walk, South Miami's First 16-Story Tower, for Sale to Qualified Buyers

The 173-residence, 673-bed luxury opportunity zone student housing development minutes from the University of Miami is under construction and slated to receive its TCO in June 2028, with pricing to be determined.

SOUTH MIAMI, Fla., Sept. 29, 2026 /PRNewswire/ -- Alta Development announced today that it has placed SoMi Walk Luxury Student Residences, its 16-story, 173-unit, 673-bed purpose-built student housing tower at 7090 SW 59th Place in downtown South Miami, for sale to qualified buyers. Pricing is to be determined, and offers are invited.

SoMi Walk is presently under construction, with the foundation complete and the tower rising, and is slated to receive its temporary certificate of occupancy in June 2028 — ahead of move-in for the Fall 2028 academic year. Pre-leasing is already open at SomiLuxuryStudentHousing.com, supported by an active marketing campaign.

The first tower of its height in the City of South Miami, SoMi Walk sits five minutes from the University of Miami campus and two minutes from the South Miami Metrorail station, one stop from the university's front door. The fully furnished, rent-by-the-bed residences — every resident with a private bedroom and bathroom — are paired with a resort-caliber amenity program including resort-style rooftop and third-floor pool decks, wellness center, cold plunge, tanning beds, sauna, golf simulators, private and shared study center, rooftop paddleball and more.

"SoMi Walk gives an institutional buyer something that almost never comes to market: purpose-built luxury student housing, already rising, in one of the most supply-constrained university markets in the country. We are inviting qualified buyers to step into a project that is de-risked, entitled, and on its way to a June 2028 TCO."
— Henry Pino, Principal, Alta Development

About Alta Development
Alta Development is a South Florida real estate development firm led by principal Henry Pino, with more than 30 years of experience delivering residential and mixed-use projects across Miami-Dade County. SoMi Walk is not affiliated with the University of Miami.

Offering Inquiries
Jonathan Pavlov, EVP Acquisitions & Asset Management • [email protected]

SOURCE Alta Development LLC