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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.

 

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