Major Mixed-Use Development Slated For Downtown North Miami

Jul 11, 2016 No Comments by

A major mixed-use project that would include an assisted living facility, workforce apartments and retail space is planned for North Miami.

If approved, the development, which will be located at 950 Northeast 124th Street, will be the first complex of its kind in the area.

The plan for the development, which is still being tweaked, will have roughly 325,000 square feet, including rooftop recreational areas. The three-building complex, on the site of a 1.95 acre abandoned parking lot, will include a high-rise tower with 175 workforce apartments, a mid-rise assisted living facility, more than 10,000 square feet of ground floor retail and a four-story, freestanding garage, which will be hidden from the street by plants.

The developers of the 124th Street project are Blue Road Developers LLC and the Upper Manhattan Development Corp.

 

“The process from submitting plans to final development approval could take six months, [a time-frame attributable to city processes],” John Dellagloria, attorney for the developers, told TRD. “Although we will shortly submit our plans and begin the review process, the city has to adopt revised land development regulations to be consistent with the comprehensive plan it recently adopted.”

The approval process for the development itself will include four steps, culminating with a hearing before the city council.

950 NE 14th Street art

Rendering of 950 Northeast 124th Street

If approved, the 950 Northeast 124th Street project will be the first mixed-use project in the area. In fact, the site — which is considered part of downtown North Miami and zoned commercial even though it is a block from 125th Street, the main thoroughfare in the area —  will be part of a neighborhood redevelopment overlay district, the boundaries of which were recently expanded to include the property. The inclusion allows for residential development on an otherwise commercial site.

The project, which is about two blocks east of the Museum of Modern Art, will pay homage to museum by including murals on the facades of the building on the three public street sides. This part of the development will likely be under the direction of MOCA.

Markus Frankel, president of Bay Harbor Islands-based Frankel Benayoun Architects, believes that his project will spearhead a revival of the neighborhood. “It will be a new model for mixed-use development” and for urban revitalization in the city’s downtown district.

 

Source:  The Real Deal

 

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Industry News, Miami-Dade County Multifamily, Miami-Dade County Retail, Multifamily, NA, Retail
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