A 68-year-old, two-story apartment complex in Miami’s Little Haiti could be transformed with a zoning proposal allowing towers as tall as 28 stories and up to 5.42 million square feet of development.
SPV Realty, managed by Sharon Olson in New York, hired Kobi Karp Architecture to craft a redevelopment plan for its 22.5-acre site at 5045 N.E. 2nd Ave. It currently has the walled-in Design Place Apartments totaling 515 units. The company wants to rezone it using a special area plan (SAP) titled Eastside Ridge that would increase its density and height in addition to allowing commercial uses.
On Dec. 21, the city’s Urban Design Review Committee will consider the SPV Realty’s SAP and site plan, with a maximum development potential of 2,798 apartments, 418 hotel rooms, 283,798 square feet of commercial/retail space, 97,103 square feet of office space and 4,636 parking spaces. Building heights would range from eight to 28 stories — higher than other buildings in Little Haiti.
North of downtown Miami and west of Biscayne Boulevard, the Little Haiti neighborhood has been overlooked by developers for years. Its median household income of $27,457 in 2013 was below county-wide income levels, according to U.S. Census data.
However, increasing prices in booming neighborhoods to the south such as Wynwood and the Design District have prompted some businesses and residents to move to Little Haiti. Tony Choand Dragon Global recently announced plans to redevelop 15 acres at the corner of Northeast 62nd street and Northeast 4th Avenue as Magic City with a mix of entertainment, residential and commercial uses. They have yet to announce development density on that site.
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