$220M Twin-Tower Transit-Oriented Shoma One Planned Next To Metrorail

Shoma Group has purchased property near the Douglas Road Metrorail station with plans for a $220 million transit-oriented development called Shoma One.

Shoma One is just a few minutes walk to the Metrorail station, with Brickell just 8 minutes away by train.

The new development will also have a direct connection to The Underline from its courtyard.

Shoma One is planned to have twin 18-story towers with:

  • 391 rental apartments (ranging in size from 375-square-foot micro-studios to 1,400 square feet two-story live-work residences)
  • Shoma Bazaar food hall
  • 8-story parking garage

Entry to all apartments will be keyless, with biometric fingerprint readers.

The micro-units will be furnished with space-efficient convertible furniture, Shoma said.

Amenities will include a bowling alley lounge, child daycare, 1,161-square-foot yoga and spinning studio, dog park, co-working café, rideshare lounge for awaiting Ubers and Lyfts, and a spa with steam room, sauna and massage rooms.

There will also be rooftop sky lounges on the 18th floors, a 2,500-square-foot fitness center, a club room, and a pool and pavilion with an outdoor grill, water features, and lounge areas equipped with large projection screens for viewing parties.

Miami-based developer Shoma Group paid $34 million for the 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo where the new project will be built.

Avison Young represented the seller, Deel Volvo. The team was Michael T. Fay, John K. Crotty, David Duckworth, and Brian de la Fé.

“Miami is more popular than ever and the robust demand for housing that we’ve seen over the last couple of years is here to stay,” said Masoud Shojaee, Shoma’s CEO and chairman of the board.

Shoma One is scheduled to break ground in January 2023, and is expected to be completed in 18-24 months.

MSA Architects is designing the project.

 

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ParkingHater
3 months ago

Looks great. If only coral gables could get off its ass and fix its bike and pedestrian infrastructure…

ParkingHater
3 months ago

Also yes, I think it has too much parking 🙁

Anonymous
3 months ago

Nobody wants to bike or walk in Miami between April and November. I support transit but we have to get real here and admit that this cannot be a walkable city

Cccwbys
3 months ago

Need parking MAXIMUMS around transit, not minimums.

ParkingHater
3 months ago

Disagree. If private developers wanna waste money on parking? Fine. We are a free market. No minimums, no maximums. (But I would love a land value tax)

What needs to happen is the county and FDOT need to start prioritizing buses, cyclists, and pedestrians over cars. Look at the US1 corridor study from Kendal drive to 95, we’re already moving in that direction.

Anonymous
3 months ago

There already IS a tax on land value sheeesh….

Cars>>>>walkers and spandex bike boys

Call 911 when you’re having a stroke and ask them to send out an EMT on a Huffy, or have a cop come out by Metrorail and then walk 6 blocks to your crime scene.

ParkingHater
3 months ago
Anonymous
3 months ago

“(But I would love a land value tax)”

There already is.. it has been in place for a very long time.

ParkingHater
3 months ago

Pretty sure we don’t have one? Do you mean property tax?

Anonymous
3 months ago

^
Which is dependent on what the value of the land is.

They call me...
3 months ago

Miami Dade County taxes land.

Fern
3 months ago

Usually when people suggest a Land Value Tax (LVT) it’s to replace a property tax. This is to stop speculators from buying land and leaving it unimproved in order to keep taxes low. The goal is to encourage landowners to either build improvements on the land that will help pay the tax or to sell the land to someone who will.

ParkingHater
3 months ago

Thanks fern.

Anonymous
3 months ago

^how old are you, and how long have you lived in America?

ParkingHater
3 months ago

Ok. I’m a little worried now if people here don’t know the difference from land value tax and property tax.

Kinda disappointed, thought y’all were smarter.

https://www.vox.com/platform/amp/2016/5/2/11533936/the-weeds-land-value-tax-explained

https://www.fhwa.dot.gov/ipd/fact_sheets/value_cap_land_value_taxes.aspx

Anonymous
3 months ago

^
Um, no matter what, its still being taxed.

ParkingHater
3 months ago

The point is the current way property taxes are being used discourages investment and efficient land use. why build on a lot you own on Brickell Bay Dr. and pay more in taxes if you can just sit on it and let its value go up?

Anonymous
3 months ago

So you now want a 2nd tax on properties….lmao try moving to Portland or Seattle or San Francisco, you’ll fit right into their craziness. Miami isn’t for you.

ParkingHater
3 months ago

I am literally advocating for less taxes.

“ Unlike property tax rolls which increase as new construction and development takes place, the tax base does not grow with the land value tax.”

They call me...
3 months ago

Interesting hater…
So, knowing that 40% of MDC Land & Improvement Property taxes go to the public schools, you are advocating for LESS funding for schools?

So the land at 1201 Brickell Bay Dr. was taxed about $1m last year. Not a single person lives on the land. When a building is added to the land…hypothetically, let’s say it’s 400 units of an average of $1.5m each. You don’t advocate for the improvements to be taxed? The new improvements would be valued at $600M or more??

400 units could attract 300+ full time residents…under the current system in MDC, they’d pay roughly $12m in Property Taxes ($4,800,000 to the schools).

With all those NEW people living on that land, wouldn’t it be smart to have more taxes for these people to pay their fair share of the communities taxes?

They call me...
3 months ago

Hater, smart people wouldn’t waste time with a “solution” in search of a problem.

Eliminating the Property tax on Land and Improvements isn’t necessary in Miami-Dade.

There is this website that is devoted to new construction, development, and the properties that occasionally change hands in the next Miami.

I’m blanking on the name of the website, but if you can find it, you will see that, unlike your use case in the link, Miami Dade has nothing in common with Alapoochazwhatever, PA.

ParkingHater
3 months ago

You’re right. We have nothing in common! And I’m definitely searching for a problem.

Unrelated: https://amp.miamiherald.com/news/business/real-estate-news/article260743327.html

They call me...
3 months ago

I’m 100% positive there is a tax on land.

Google this, ” Miami Dade Property Appraiser Property Search”

Pick a property….any property….but how about 1201 Brickell Bay Drive?

Scroll down.
Look where the MDC Prop Appraiser values the Land, and then the Improvements.

You will notice that the owner of that land is going to be paying over a million dollars in property taxes EVERY YEAR. And you will notice that the previous owner paid taxes on the land for longer than you’ve been alive.

They call me...
3 months ago

Property taxes ARE charged on land values in Miami-Dade County.
Property taxes are also charged on improvements to land.

ParkingHater
3 months ago

Yes. And I think they shouldn’t be taxed on as much for improvements, and taxed more on land. Do you think that parcel is only worth 50 million? It literally just sold for almost 8 times that amount.

Thank you for a finding a great example for me. You literally proved my point.

Anonymous
3 months ago

This guy and his wife are so corny…

Anonymous
3 months ago

This will not age well, but great location for transit-oriented project.

Anonymous
3 months ago

how do you know it will not age well ? are you going to be be around when it starts aging ?

Anonymous
3 months ago

great news, they are killing two birds with one stone, they are getting rid of some horrible surface parking lots that were used as car dealerships and they are building a good project that will bring more density and life to this area

Anonymous
3 months ago

I like it. Much better than Adler/13th Floor Investment’s hideous “Link at Douglas” et al.

Adrian Diaz
3 months ago

Its great, I feel like Miami-Dade County has gotten to the point that there would be enough demand for a forty story tower at the corner of Kendall Drive and SW 137th Avenue.

Anonymous
3 months ago

Geezzz, he gets a “thumb down vote” for saying that? Even though it may not ever happen, he’s right!

Anonymous
3 months ago

its a low density area of low rise condos and houses….a 40 story tower there would be like putting a shoe on a turkey, it dont fit…. . he deserves downvotes

Fern
3 months ago

No word on the number of parking spaces besides “8-story parking garage”?

Non sesual with it
3 months ago

$36 million for 2 acres in coral gables?

Anonymous
3 months ago

It was cheaper than that 20 years ago and it will be more than that 20 years from now.

Anonymous
3 months ago

I’m all for this sort of thing but I hope the infrastructure will be improved to accommodate it. This area already has very heavy traffic and there’s already a Metro station and bus station there of course.

anonymous
3 months ago

Another project marketed as “transit orientated” but in reality is a car-centric vertical suburb.

cleavage or bust
3 months ago

note the tin foil around the large parking ramp….

Anonymous
3 months ago

At least it’s not some puke kaleidoscope mural.

ParkingHater
3 months ago

If it’s next to transit, it’s transit oriented.

developers don’t make the roads. If they’re all one lane either direction with no street parking people will get the message that drivers are NOT the priority on our roads.

Anonymous
3 months ago

Now do you see the futility of your arguments?.. you’re now clashing with someone who thinks like you!

ParkingHater
3 months ago

I think the way I think.

If I disagree with someone I don’t care if we agree on other things I’m gonna say what I think.

Anonymous
3 months ago

Says they guy who said we should rezoned SFD neighborhoods, which would result in more boxes with parking pedestals.

ParkingHater
3 months ago

I am genuinely at a loss for words. I am torn between my desire to explain things, and my desire to ignore dumb questions. Congrats

They call me...
3 months ago

People should be the priority whether they choose cars or choose whatever.

For now, people drive cars. They are no more important or less important than people who don’t drive cars.

Melo is sigma and Chad
3 months ago

Another twin tower development in Miami. Based

Anonymous
3 months ago

Shut the fuck up

Anonymous
3 months ago

Ouch!

Anonymous
3 months ago

Somebody needed to say it.

chongalicious
3 months ago

who ripped up the tin can and covered the parking garage though??

Pickles
3 months ago

Very ugly and dated design. Please go back to the drawing board.

Anonymous
3 months ago

Um, they’re just apartment buildings.

Anonymous
3 months ago

You must be blind or having seen Link at Douglas. WTF were they thinking!

Anonymous
3 months ago

And there you have it folks.. more – “Waaahhhh!!!”

Some people living in this town are jokes!

Anonymous
3 months ago

Due to the large flow of immigrants to Miami and the high price of units in the city, it is increasingly common for families and friends to share houses and apartments. It would be sad to see many people living together in a micro-studio. Wealth and poverty walking together.

ParkingHater
3 months ago

What? That’s why we’re building more. Hopefully we can start rezoning SFH next 💪🏻

Anonymous
3 months ago

Still plenty of opportunities for high-rises within this concentrated area and along US-1. Rezoning SFH neighborhoods outside of walking distance is poor planning.

ParkingHater
3 months ago

Anything north of metrorail, south of the airport, and west of downtown should be zoned multiplex bare minimum. Single family homes are a waste of space.

Anonymous
3 months ago

Your posts are a waste of space.

Lots of people want single family homes, and lots more want them but can’t afford them.

This is the main reason why metro South Florida population growth has and will continue to stagnate—most want afford SFH’s, not hi-rise apartments. SFHs here are unaffordable to most new residents.

ParkingHater
3 months ago

You’re mistaking want, with forced though zoning and regressive tax policies.

Anne Anomous
3 months ago

Not sure about that last line being a bad thing. If it wasn’t for wealth and poverty walking together I never would’ve met my three husbands.

Anonymous
3 months ago

A micro-studio of 375 SF is a very livable option for 2 people. In Japan, you should see what people do with that amount of space.