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PMG and Sentral to Bring Flexible Living to Miami’s Brickell Neighborhood

The dual-tower, 1.5 million-square-foot development will include 803 residential and short-term units and more than 15,000 square feet of retail space
MIAMI – June 6, 2022 – National investment, development, and asset management firm PMG, and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, today announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood. The acquisition of the site at 130 SW 8th St. will mark Sentral and PMG’s first partnership, as well as Sentral’s first  purpose-built development as part of the brand’s national expansion. Phase one includes a 46-story tower with 570 units and will break ground in late 2022, with completion slated in late 2024. Phase two will include a 31-story tower with 233 units.
“At PMG, we pride ourselves on being at the forefront of innovative multifamily development, so our vision for this property naturally aligned with Sentral’s unique model of flexible living. We are confident this development will be a great addition to the neighborhood by providing a range of high-quality residences and short-term accommodations,” said Ryan Shear, Managing Partner at PMG. “As Miami’s financial district, Brickell is one of the city’s most desirable destinations and one in which we’ve had success developing previously. We are excited to partner with Sentral to bring a fresh perspective on residential living to the area and offer future residents a walkable environment in the center of it all.” 
Designed by acclaimed Sieger Suarez Architects, in collaboration with the team at Sentral, the property will include an expansive lobby lounge with concierge, state-of-the-art fitness center, multiple co-working spaces, pool decks on both the 13th and 31st floors, more than 15,000 square feet of retail space and a parking garage. The property will be managed by Sentral and will offer their distinctive style of residential living for any length of stay.
“With the success of our Sentral Wynwood community, we wanted to expand our Miami footprint and bring the Sentral brand to the vibrant Brickell neighborhood,” said Jon Slavet, Chief Executive Officer at Sentral. “We’re excited to partner with PMG on this project, as they are one of the nation’s top developers and have a deep understanding of and affinity for the South Florida market. We look forward to collaborating with PMG on this new development and to expanding our innovative, flexible living concept to the Brickell neighborhood.”
PMG and Sentral are aligned in leading the next generation of multifamily development to cater to the current and future standards of flexible living. Both companies are quickly expanding their portfolios nationally with the goal of redefining community-centric living with expertly designed residences, lavish amenities and activated shared spaces. For more information, please visit
propertymg.com
and
sentral.com
.
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About PMG
Founded in 1991 by Kevin Maloney, Property Markets Group (PMG) has gone from a local real estate operator based in New York City to a national investment, development, and asset management firm focused on large scale multi-family and for-sale condominium product, as well as select high-performing commercial holdings.
Today PMG is run by Managing Partners Ryan Shear and Dan Kaplan, currently operating projects across Florida, New York, Colorado, Arizona, Tennessee, and Georgia. Their vertically integrated team has departments specializing in acquisitions and land use, design and architecture, construction management, capital markets, asset management, sales and marketing, as well as significant in-house legal and accounting capabilities.
PMG’s current multi-billion dollar nationwide portfolio includes assets across pre-development, construction, lease-up, and sell out, totaling more than 8,500 residential units and over 16 million square feet of development. Notable rental projects under the Society Living brand platform include locations in Denver, Nashville, Atlanta, Brooklyn, Orlando, Fort Lauderdale and Miami. Notable current condominium projects include 111 West 57th Street in New York City, both E11EVEN Hotel & Residences and Waldorf Astoria Hotel & Residences in Miami, and Sage Longboat Key Residences outside Sarasota. Additionally, PMG is growing its Affordable Housing division nationally. For more information,
propertymg.com
PMG | PRESS CONTACT:
pmg@levypublicrelations.com
 

About Sentral
Sentral is a leading prop-tech innovator, building the world’s largest flexible living community, backed by ICONIQ Capital. Sentral’s network of urban residential communities redefine the way people live, travel, and work. Offering both designer-furnished and unfurnished homes with flexible lengths of stay, Sentral enables residents to live or visit amenity-rich buildings in the nation’s most coveted cities, including Atlanta, Austin, Chicago, Denver, Los Angeles, Miami, Nashville, Scottsdale and Seattle for any period of time, whether a night, a month or multiple years. Sentral has assembled world-class partners in technology, hospitality, and multifamily to support the business with talent, resources, and best practices. Highgate, the Bozzuto Group and Ascendant Capital Partners are investors and active board members. To date, over $700M has been invested in this innovative flexible living platform.
Sentral.com
@SentralLife
​​SENTRAL | PRESS CONTACT:
sentral@misfittoyscomms.com