The Miami-Dade Housing Committee intends to review plans for a three-phase, mixed-use development next week.
SG Poinciana Ventures LLC has proposed a project that would offer both residential and industrial aspects. The first phase is planned to offer 155 housing units, available to seniors earning up to 60 percent of the area median income (AMI). According to Miami-Dade County records, the median income is currently $87,200. In addition to the homes, the first phase would yield a warehouse measuring just over 250,000 square feet of new construction.
Renderings of the third phase’s retail aspect. Image from the SFBJ
The second phase would have 175 units for tenants earning 60 to 120 percent of the AMI (so capped at $104,160 for a one-person household) and 110,000 square feet of industrial space. The final phase would be the largest of the three, offering 110,000 square feet of industrial space, a 15,000-square-foot hospitality training center, and 4,000 square feet of retail. There would also be 479 mixed-income units designated for households earning 40 to 120 percent of the AMI.
The South Florida Business Journal reports that, in total, the project will span about 37 acres: the residential aspect would span 23.8 acres, and the industrial 13.88 acres. SG Poinciana Ventures LLC is a partnership between three entities: Michael Swerdlow, Stephen Garchik of SJM Partners, and Alben Duffie. Mediterranean Shipping Co. (MSC) is the partner of the industrial aspect.
Our sources list the $295 million project’s address as 7200 NW 22nd Avenue, Miami, FL, 33147, in Miami-Dade County.
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