Commissioners Approve Zoning Changes, Allowing 855 New Units In Two Towers

Miami commissioners have approved zoning changes needed for two towers proposed by NR Investments.

The first is a 45-story tower designed by architect Carlos Zapata on NE 14th street. It will include 572 units.

The second is a 30-story tower on NE 17th Street, with 283 residential units.

Both towers could be built as either rental or condos, an attorney for the developer told commissioners, according to Miami Today. As part of the rezoning, 10% of units will be set aside for workforce housing, or 14% if built as rentals.

If built as condos, the workforce housing will sell for $240,000 – a discount of $135,000.

Newly elected commissioner Joe Carollo said he preferred developers pay into a city fund instead of the discounted units. The city could become a developer of affordable housing with the funds, he suggested. A workshop to discuss the idea is planned.

 

 

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Oscar

Great idea, Joe Carollo! Never mind that developers have years of experience and expertise in, you guessed it, development or that studies show that workforce housing works best when integrated to create mixed-income neighborhoods. I’m sure the city will do a much better job as a “developer” of workforce housing.

Oscar

The reason affordable housing is even financially viable is precisely because the developer is ALREADY building the project. Developers can leverage economies of scale and mitigate the (per unit) land costs which is absolutely essential in the urban core. Under Carollo’s “plan” (if you can even call it that), the city would end up having to skimp on construction costs and find the cheapest land available in effect building slums. A terrible idea but not really surprising that Joe Carollo fashions himself a slumlord.

Anonymous

Slums are not built, slums are created when business ignores a certain area, thus creating poverty.

Anonymous

Did come to that conclusion after you watch the Last Jedi?

Anonymous

Unlike you, I don’t live in fantasy land. You really haven’t learned much in your life, have you?

defamed2

Joe Carollo is an idiot. He just wants to make a commission on projects that do not provide safe environments for families, instead of having them live in mixed income communities.

Anonymous

Oh really?… I didn’t know that part of these commissioners job entailed every family be provided housing in a gated community?

Anonymous

Bad idea by the commissioner. First of all a government bureaucracy is typically not the most efficient entity when it comes to delivering complex projects such as these, especially Miami government. Second of all, it is absolutely critical to have a mix of income, and people need to embrace this more. It is the only way to avoid the failures of last century’s public housing disasters. You are basically creating ghettos and segregating people by income, that’s 3rd world thinking.

Marc305

This whole area is about to blow up. Overtown will be Brickell North by the 2030’s.

Anonymous

No, more like Brickell will be Overtown South! 🙂

Anonymous

This isn’t Overtown. It’s the A&E District.

Yohan Perez

NONONO Never. All lies. Don’t give money to these bastards. They will eat it away. Let the developers create and sell discounted units.

Anonymous

These new projects in the Omni/A&E area will be transformative.. creating new, safe neighborhoods.. all the way north to Design District.

Anonymous

Personally, I can’t wait for the casino and the strip club.

Anonymous

I like the way you think……..

Marc306

“Newly elected commissioner Joe Carollo said he preferred developers pay into a city fund instead of the discounted units. The city could become a developer of affordable housing with the funds, he suggested.”

Ten years later: Carollo is rich drinking beers on a Caribbean island, while Miami has zero affordable housing….so typical.

Anonymous

So much for the north-facing views on the first 30 floors of Canvas…

Anonymous

Yeah, I hear ya… my house is one story so you know how miffed I am because my north, south, east, and west views are blocked by these other houses around mine.

Anonymous

This is actually on the south west side.

Anonymous

Carollo, Carollo, Carollo…Mr. Banana Republic will sell his mother to the gypsies for a dollar. I can’t believe that crock got elected!!!

Anonymous

He was the only one campaigning :/ the other took stuck to the grove/roads area and the other stuck to uppper eastside.

Anonymous

No… go with the discounted units and build these towers. It will take the city forever to use any kind of “funds” to construct some housing.

Dave

Whether its impact fees going into a fund to build affordable housing or simply having the developer include discounted units, either way the end effect is the cost is made up with higher prices for the rest of the units (housing overall becomes less affordable).

Oscar

Demand, not costs, dictate the market price.

Anonymous

It’s a function of supply and demand. So when you artificially remove or reduce supply (taking market rate units off-line by subsidizing affordable housing) it raises the prices for the remainder.