AMLI Buys Midtown 7 Site With Plans For 31-Story Tower

Apartment developer AMLI has closed on the purchase of the Midtown 7 site in Midtown Miami, between the recently completed Gio Midtown and Yard 8 apartment buildings.

AMLI paid $30.5 million for the property in a deal that closed last week. In addition, they will build retail space and convey it to the seller upon completion.

According to an allocation of development rights recorded with the sale on November 19, Midtown 7 will include:

  • 389 residential units
  • 28,000 leasable square feet of retail

A parking garage is also likely.

Midtown 7 had already been submitted to city planners in 2017 as a 31-story, 391-unit apartment project with 505 parking spaces.

The newly recorded specs roughly match the previous approval. BKL Architecture of Chicago is the architect for both the completed Gio Midtown (formerly Midtown 6) and the approved Midtown 7.

AMLI is very familiar with the area, which is experiencing rapid growth.

The company completed a project with 719 apartments at Midtown’s former Chiquita Banana property in mid-2020. That complex is just across the Brightline tracks from their new property.

AMLI is also building a project nearby in Wynwood.

 

Plans submitted in 2017 for Midtown 7. It isn’t clear if the new developer will reuse the same plans:

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Anonymous
10 days ago

Now bring the metromover to Midtown

Melo is sigma and chad
10 days ago

Its really need from school board up north miami ave. I live here and it would lower the amount of people getting ubers to come to midtown.

Anonymous
10 days ago

What’s the latest on that, anyway? It’s been months since the original announcement.

Anonymous
10 days ago

It was to approve a study.

Anonymous
10 days ago

There’s a railroad track right across the street perfect for a stop, won’t ruin streets with flyovers, and could be done for a fraction of the cost. Then again, talking about cost, you want Metromover because then you don’t have to pay, directly at least.

Anonymous
9 days ago

Streets get shade with flyovers.

Melo is sigma and chad
10 days ago

Two articles about midtown in one day 🙂 Nice additions to the area.

A Nonymous
10 days ago

What, no mention of the FAA?

Anonymous
10 days ago

This area of Beverly Terrace is getting better to live in, with an urban vibe, as you can do a lot of things on foot.

Anonymous
10 days ago

AMLI is all in!

Brooklyn
10 days ago

would be great if some % of the units that are being built would qualify as some affordable/workforce designation. The City of Miami really should look into such a requirement if they want to tackle the affordability issues our multifamily market is experiencing.

Entry level units in their Amli midtown project are in excess of $3,000. No bueno!

Anonymous
10 days ago

Inclusionary zoning, like rent control, does more harm than good, and per Section 125.01055, Florida Statutes, developers do not have to abide by requirements unless profit loss can be offset.

Anonymous
10 days ago

Affordable Housing is two things:

1. Rent control

2. A tax on new development.

Both are terrible for market rate payers. Which includes everyone who doesn’t get the privledge of winning the lottery.

You don’t tackle affordability with price controls. You tackle it by increasing supply. Miami might not be the most affordable place on earth, but it’s actually seen more people move in than New York City, and prices have gone up less than in New York City. Supply and demand are real things.

Also yes the new luxury building will be expensive. But those who can afford to live in it can move in, and will move out of whatever they used to live in before, making that housing available to poorer folks. Then they will move out. So on and so forth. Every unit of market rate housing inevitablly results in .5 units of housing affordable to those making minimum wage, and .4 units going towards newly formed households from people moving away from their parents or roommates.

Build build build

Anonymous
10 days ago

I would have expected better architecture from a Chicago developer. Just we can’t have better looking buildings in Miami. Oh well.

DJL Cyber
10 days ago

We already have One Thousand Museum and Missoni Baia. What more do you expect exactly?

Anonymous
10 days ago

Don’t forget Aston Martin. It’s about to top off!

Anonymous
10 days ago

Missoni Baia is shite.

Anonymous
10 days ago

The bases are nice and at least the balconies and windows all line up. Miles better than that eyesore Midtown 29 down the street.