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Florida International University

Miami, FL

About This Listing

About This Listing

TSB Realty has been exclusively engaged by ownership to sell Lapis, a newly delivered, Class A, purpose-built student housing property serving Florida International University. Located adjacent to campus, the 293-unit, 1,086-bed property offers a spacious mix of one- through five-bedroom units, is 95% occupied for AY 24-25, and was 95% occupied for its inaugural year, AY 23-24.​​​​​​​

Towering 20 stories and spanning more than 763,000 SF, Lapis features one of the most modern and comprehensive resort-style amenity packages in the nation, offering exclusive experiences and redefining student living. The resort-style amenities include a club room, state-of-the-art indoor-outdoor fitness facilities, outdoor resort-style pool, private study and group meeting rooms, study areas on every floor, and an outdoor amenity deck complete with a 262” outdoor LCD TV and grilling stations. At the heart of Lapis is an expansive two-level amenity area located on the 6th and 7th floors. The 7th Floor or mezzanine level overlooks the vast 6th-floor indoor amenity deck featuring 2-story floor-to-ceiling windows and panoramic sliding glass doors that open to the expansive outdoor deck. At the center is an oversized communal coffee bar, which features a built-in cold brew tap and is lined with seating on both sides, and acts as the visual and social anchor for the community. Additionally, Lapis boasts fully furnished units with best-in-class finishes and design schemes, featuring modern, full-sized kitchens with quartz countertops, premium stainless-steel appliances, wood-style flooring, ceiling fans, and in-unit washers & dryers.

For more information about Lapis, visit its Real Capital Markets listing or the contact the TSB Realty team directly.

Property Highlights

Property Highlights

— Ultra Defensible Location Steps away from the 8th Largest University in the U.S.
Lapis is situated adjacent to FIU’s main campus and a short walk to many of FIU’s most frequented on-campus destinations including the College of Medicine, College of Business, College of Law, Wellness and Rec Center, Student Activity Center, and Green Library. Additionally, the Property is within walking distance from the most popular off-campus restaurants and nightlife including, New Wave Billiards & Sports Bar, Eddie’s Place, Chang’s Chinese, and The Green Chicken. The Property, quite literally, sits at the nexus of the convenience of on-campus living and the freedom of off-campus living.

— Record-Breaking University Demand and Booming Enrollment Growth
In Fall 2023, FIU welcomed 5,173 first-time students, a 5% Y-O-Y increase and its largest Freshman class in school history, while simultaneously decreasing its acceptance rate to 59%, down from 64% for Fall 2022. This was possible due to the university recording an astounding 44% Y-O-Y increase in applications. Furthermore, FIU is implementing a comprehensive 10-year enrollment strategy. By 2030, the university aims to further enhance the quality and reputation of its academic programs, increase global engagement, expand graduate programs, and boost out-of-state recruiting and enrollment, ensuring the project’s long-term success.

— Unparalleled Resort-Style Amenities
Lapis offers residents an unparalleled living experience and amenity package, including state-of-the-art indoor-outdoor fitness facilities, a resort-style pool, an outdoor amenity deck complete with a 262” outdoor LCD TV and grilling stations, and outdoor ping pong accompanied by ample lounge seating. When it’s time to study, residents utilize extensive private and group study lounges on every floor, a business center with complimentary printing, and community-wide complimentary high-speed Wi-Fi. Additionally, Lapis features electronic building access, secure bike storage, and a gated parking garage situated at the inner core of the first six levels of the building with elevator service. Lapis’ units are fully furnished with best-in-market finishes and design schemes, featuring modern, full-sized kitchens with quartz countertops, premium stainless-steel appliances, wood-style flooring, ceiling fans, and in-unit washers & dryers.

— Newly Delivered by a Best-In-Class Development Team
Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, through its Toll Brothers Campus Living® division developed what is now one of the nation’s premiere luxury PBSH properties. They assembled a world-class team that featured design by Humphreys & Partners Architects, interior design by Mary Cook Associates, and Balfour Beatty Construction serving as the GC.

— Elite Tier I University
For over four decades, Florida International University has been a cornerstone of higher education in South Florida and boasts a rapidly expanding alumni network exceeding 275,000 individuals. FIU’s Fall 2023 total enrollment of more than 54,000 students ranked as the 8th largest university in the nation by enrollment. Additionally, the Wall Street Journal ranked FIU as the 4th Best Public University in the U.S. for 2024. US News and World Report placed FIU among the Top 10 public universities for undergraduate teaching and the Top 15 public universities for innovation. In total FIU was received 51 Top 25 Rankings in the last year further illustrating the transformation of FIU as an elite Tier I university.​​​​​

Let's Talk

Let's Talk

Relationships drive what we do at TSB Realty. Call us at (610) 905-1647 or send us a message, and let’s see what our team can do for you.

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