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Miami Residential Towers Could Be Built With 50 Percent Less Parking Under New Proposal

Developers in Miami may soon be able to build apartments with even less parking.

Miami’s Planning Board is set to vote on a plan tomorrow that will allow new multifamily projects to be built with reduced or waived parking requirements.

Large-scale residential projects that are near a Metrorail or Metromover station are currently able to obtain a 30 percent reduction in parking requirements of 1.5 spaces per unit. If the new rules are approved, developers will be able to obtain a 50 percent reduction by paying into a city transit fund.

For small-scale projects (under 10,000 square feet) a handful of projects in limited areas will be able to build without any parking at all by paying into the fund. The exemption applies only to projects that are near a Metrorail, Metromover or high-frequency bus or trolley stop, and are not in a single or duplex family home neighborhood.

Backers of the proposal say that waiving parking requirements for smaller projects could help to promote a new walkable urbanism, while encouraging urban infill in areas such as Little Havana.

Details on the Transit Trust fund, including possible uses, were not provided in board agenda documents.

 

limited waiver area:

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14 Comments on "Miami Residential Towers Could Be Built With 50 Percent Less Parking Under New Proposal"


Anonymous
15 hours 44 minutes ago

It’d be nice to have a project in the plan/design stage for how these new funds would be spent. The DOT and city transit fund finds new ways to collect revenue without putting out anything.

Yet Another Anonymous
15 hours 34 minutes ago

The thing is to make them want to do it it will have to be significantly less money than the parking would cost and at that price its not going to fund anything major. Not against this at all but it seems almost like just an excuse to give people exceptions if they pay you.

suomynona
5 hours 53 minutes ago

It doesn’t have to cost less than the garage costs to construct.

If garages cost $10M and the Transit Fund costs $10M, then the developer still MAKES money. How, you ask? Because now they use that 50% smaller garage and put residences there and any additional revenue they receive from these “new residences” is additional profit.

laz
15 hours 31 minutes ago

problem i have that 70% of people that live in downtown do not work in downtown, downtown has not brought in big corporations the suburbs have. so if you want people to live work and play like in New York you need to have more companies moving in.

Anonymous
13 hours 34 minutes ago

More of this growth would be good, but plenty headway has been made.

Anonymous
13 hours 25 minutes ago

I won’t ask where you got that figure but… Why is that your problem? If a building with no parking doesn’t suit you, then cool don’t live there or don’t build one. For what its worth, I live downtown and work in the Gables. The trolley can pick me up at my front door and drop me off at my office. The options are there, you can choose to use them or not.

Anonymous
12 hours 44 minutes ago

Exactly and most of heavy job corridors in Miami are next to mass transit except Doral. That might change soon with a new east west rail line being constructed in the next couple years.

Anonymous
9 hours 31 minutes ago

Hey laz, if Miami is to have any kind of hope in attracting “more companies” Miami needs a better educated population. Corporations can’t read what you wrote and believe the vast majority of people in Miami is highly educated.

Anonymous
13 hours 4 minutes ago

This works out great for developers: lower costs and now spaces will be in demand so you can jack up their rates through the roof.

Anonymous
12 hours 34 minutes ago

Concept sounds great but the implementation not so much. First transportation is mostly a Miami Dade County function. Secondly the City of Miami bureaucracy and history of duplicity and outright corruption means the funds collected becomes a slush fund and nothing material in added mass transit gets done i.e. MetroMover extension to Midtown or Little Havana Marlins Park.

marc
12 hours 23 minutes ago

If only we could get Metromover to Midtown. (Insert head banging against wall emoji here)

Anonymous
12 hours 7 minutes ago

Even a Tri-Rail Costal Link station would be a leap forward.

marc
10 hours 41 minutes ago

Confident that’s happening, it’s a no-brainer.

Anonymous
10 hours 5 minutes ago

I find it hard to be confident about anything when it involves public funding