BAI Capital, a private equity investment and real estate development firm that promotes permanent residency in the United States, formally announces the start of the key development phases of ALMA Miami. With a total projected investment of $170.6 million, this student housing complex is positioned as one of the most robust real estate investment opportunities for Latin American capital in South Florida.
Real estate megaproject
The project is strategically located just 0.6 miles (an 8-minute walk) from Florida International University (FIU), an institution that hosts more than 54,000 students from over 130 countries. Currently, there is a massive housing shortage in the area, as the university can only accommodate 8% of its students on campus.
ALMA Miami is a 26-story vertical project with 565 units, 644 beds, and 644 parking spaces, designed under the concept of “functional luxury.” After obtaining Site Plan approval in January 2026, the timeline includes completion of plans in May of this year, with the goal of breaking ground in January 2027 and delivery in the summer of 2029.
Green Card through investment
In a context of financial volatility, Mexican investors have turned their attention to safe-haven dollar-denominated assets that offer not only returns but also legal certainty.
ALMA Miami responds to this demand by allowing Mexican capital to participate in an institutional-scale project, previously reserved for large pension funds or U.S. family offices.
“For Mexican investors, ALMA Miami represents a direct bridge to the strongest economy in the world through a tangible, high-demand asset,” says Juan Carlos Eguiarte, Country Manager of BAI Capital in Mexico. “We are not just building a property; we are offering an investment structure that complies with the EB-5 Reform and Integrity Act of 2022 (RIA), allowing Mexican investors and their families to relocate immediately to the U.S. while the Green Card process is completed, which makes this program the Ferrari of visas.”
Economic impact and world-class partnerships
The relevance of ALMA Miami for the region is also reflected in its social and labor impact. The development is expected to generate approximately 1,875 jobs, quadrupling the legal requirement for EB-5 program investors.
To ensure successful execution, BAI Capital has partnered with top-tier strategic allies in the U.S.: BKV Group for architecture, HITT Contracting Inc. for construction, and Asset Living, a leader with 40 years of experience, for property management.
