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.