Capstone & Alta Launch Student Housing Project Near University of Miami

Miami continues to attract global attention—not only for its luxury real estate but also for its growing role as a hub for education-driven investment. In that spirit, Capstone Collegiate Communities and Alta Development are partnering on a new student housing project just minutes from the University of Miami, in Coral Gables. This initiative reinforces the city’s appeal as a dual engine of academic excellence and long-term real estate growth.

The 16-story complex will include 189 units and 701 beds across two sites at 5959 SW 71st St and 7090 SW 59th Pl. Construction is expected to begin in 2026, with delivery planned for 2028. Highlights include:

• Two pools

• Study rooms and saunas

• Fully furnished apartments

  
  

This marks Capstone’s first entry into the Miami market and reflects the rising interest in student housing as a resilient, high-demand investment class. With major institutional capital flowing into the sector, projects like this one not only meet the needs of students and families, but also provide a strategic opportunity for investors seeking stability and appreciation in a transforming urban landscape.