A restaurant and hotel will soon make way for a mixed-use venture in North Bay Village, Florida. The 2.31-acre build site will host a 30-story tower with 345 apartments. Out of that number, about 5.2 percent of all units (roughly 18) will be set aside as workforce housing.
New York-based developer Naftali Group (Naftali) has been granted several building permits for a twin-towered residential project at Miami Worldcenter with up to 1.3 million square feet of potential space. The Federal Aviation Administration (FAA) has determined the proposed structures would have no substantial adverse effect on the safe and efficient utilization of the navigable airspace by aircraft or on the operation of air navigation facilities, allowing them to rise 684 feet, or 691 feet above sea level. Naftali formed a joint venture partnership with Cara Real Estate Management and purchased the 44,500-square-foot site at 1016 Northeast 2nd Avenue in Downtown Miami’s Park West neighborhood last year for nearly $41 million. Zoning allows for buildings with a maximum floor count of 60 stories.
Yet, that’s just one of the many proposals the Miami Urban Design Review Board will hear on Wednesday. It’ll also hear a proposal for a seven-story self-storage building. The venture, comprising more than 137,000 square feet, would replace an already-existing low-rise apartment building.
The Federal Aviation Administration has approved permits for work on 501 First Residences, a 40-story residential building under construction at 501 Northeast 1st Avenue in Downtown Miami. Designed by Revuelta Architecture International and developed by Aria Development Group with AQARAT, the building will have over 400,000 square feet of space, including 448 fully-furnished luxury condominium units featuring interiors by Shim Projects and 3,127 square feet of commercial space. Beauchamp Construction is serving as the general contractor.
Construction’s finishing up on Resia Pine Ridge, an affordable multifamily housing development in Palm Beach County, Florida. The community comprises 288 apartments, making it the area’s largest workforce housing complex. It appears to be a garden-style community.