Miami-Based Developer Proposes ‘Azul at Blue Lagoon’ for 1200 NW 57th Avenue, Miami, FL

The project's blueprints. Image from Floridian Development

Miami-based Keystone Holdings Group wants to move forward with a workforce housing development just blocks away from Miami International Airport (MIA). Under the developer’s current proposal, Azul at Blue Lagoon would comprise 284 apartments in a 16-story building, with at least 114 workforce housing units.

According to Floridian Development, residences range from studio to two-bedroom apartments, with the smallest unit measuring 464 square feet. There are four different floorplans. Residency would be available to those earning up to 120 percent of the area median income (AMI), with Miami’s AMI being $79,400 a year, according to county records.

The venture would measure 16 stories. Image from Floridian Development

Aside from the residences, plans call for a 266-spot parking podium, a 25 percent reduction from the normally required 439 spots. At the time of publication, plans did not include retail or office space (a common feature in many Live Local Act developments) but could be added in the future.

The Real Deal notes that Keystone acquired the 1.2-acre site for $4.5 million in 2020. The parcel currently hosts two warehouses measuring a combined 15,400 square feet. These would likely be demolished prior to groundbreaking. Azul at Blue Lagoon could unfold at 1200 NW 57th Avenue, Miami, FL, 33126, in Miami-Dade County.

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