Developer Assembles Wynwood Norte Property, Plans ‘Attainable’ Multifamily

·46 Comments

A developer has announced plans for attainable multifamily development in Wynwood Norte.

ABH Developer Group said in a press release that it had acquired two duplexes at 84-86 NW 32nd St. and 90-92 NW 32nd St.

The acquisition completes ABH’s assemblage in the Wynwood Norte district, which includes the purchases of 3129 NW 1st Ave., 3131 NW 1st Ave., 75 NW 31st St., 79 NW 31st St., 85 NW 31st St., and 93 NW 31st St., bringing the total purchase price of the assemblage to $10,125,000.

ABH is now said to be the largest property owner in the Wynwood Norte district, with a total of 180,000 square feet assembled since 2021.

Alexis Bogomolni, ABH’s CEO, said the plan was to create a mix of attainable housing options for working families and young professionals.

The firm has 13 projects ranging from 24 to 150 units in various stages of development within Wynwood Norte

The developer said it is working with the Wynwood Community Enhancement Association, and is committed to contributing to the Wynwoood NRD-2 Public Benefits Trust Fund.

 

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Anonymous
4 months ago

We need the Metromover to Wynwood.

21
Cover the Podiums
4 months ago

we can do better than a people move

-3
Anonymous
4 months ago

He only wants it under the assumption there will still be no fares and will somehow pay for itself.

-5
Anonymous
4 months ago

Incorrect. I’m perfectly fine with the Metromover being a fare ride. I don’t want it free, I just want it functional.

4
Socretes
4 months ago

Would you agree to a fare the reflected fairness and equity?

Meaning, would you agree to a fare that covered the Operational Expenses divided by the number or riders per year PLUS the Capital Expenditure costs amortized over 50 years at SOFR divided by the number of annual riders?

Do you have any clue what a Metromover ticket would cost if that were the case on the existing lines?

-6
Socrates (not socretes)
4 months ago

Apply the same logic to all the “free” roads you drive on & argue to make every road a for-profit toll road then

6
Not Anonymous
4 months ago

Public services don’t have to make a profit. When will you people understand?

6
Socretes
4 months ago

“You want”

1
Anon
4 months ago

Judging by how much they spent for the land, there’s little to no chance any of this ends up being “attainable”

17
Azarius
4 months ago

And the jobs in the area starts at $14/hr when you need $28/hr to halfway live normal

4
Anonymous
4 months ago

Those $14/hour jobs are not meant to be a lifelong career.

-2
Socretes
4 months ago

Very true.
Minimum wages are earned by minimum experience and minimum skill.

Once you get some experience and some skill, you should not be making minimum wage.

Further, if you want a nice apartment and you haven’t visited any of the free public libraries in town in the last 5 years, go get a roommate or 4.

1
Anon
4 months ago

I dont think you understand how to value land

0
Not Anonymous
4 months ago

Affordability seems to go over the heads of developers and the city government more and more every day, so it’s good to see that there are still developers who see the value of it (if they don’t change their minds and make the project $2 million boutique apartments, considering it is Wynwood)

7
Azarius
4 months ago

Miami shouldn’t only consist of Luxury homes we need affordable housing options for the working ppl

10
Anonymous
4 months ago

But not in the in-demand areas like this. Affordable housing should be placed where it is cheapest to build.

-5
anon
4 months ago

this area was literally gentrified by developers.

5
Fact Checker
4 months ago

Oh please. We know you’re new here, but do you have to be stupid, too? Wynwood was not gentrified at all. It was formerly a warehouse district, almost zero residents. Wynwood Norte, on the other hand (which translates to Wynwood North — I know Spanish is probably knew to you, also), has NOT been gentrifies as it hasn’t even been touched by development yet. Please take a stroll through there and report back as to whether it feels ‘gentrified’.

1
Socretes
4 months ago

It doesn’t.
There are.

-1
Luis
4 months ago

I work in the industry and I can tell you thats only partially true. We are in this crisis because for decades municipalities have artificially limited density in their zoning codes and parking requirements. The problem has surpassed our ability to deal with it. To be fair this is happening all over North America, not just Miami. No improvement is possible until municipalities and the citizenry make it a priority to allow market driven development at a city wide level. What’s happening in Wynwod Norte should really be expanded along all the different transit corridors within the City of Miami.

7
Socretes
4 months ago

Absolutely true Luis.

0
Numero Uno
4 months ago

It’s not artificial. There are calculations that go into whether certain uses or densities can be supported by existing infrastructure. Zoning isn’t as arbitrary as most people think. Don’t conflate NIMBYism with zoning and land use.

0
Anonymous
4 months ago

Interesting.. Wonder how many people that currently live there today — and will have to leave — probably never to find housing in the area again will find this “attainable?”

4
Downtowner
4 months ago

Couldn’t agree more. “Attainable” by whom?

4
Azarius
4 months ago

‼️‼️‼️

-4
Anonymous
4 months ago

Neighborhoods change. Nobody has the right to occupy a specific area forever, especially those of us who don’t own our homes. Let’s keep making Miami more beautiful and expanding the tax coffers for the benefit of ALL.

10
Anonymous
4 months ago

You’re not wrong, but a counterpoint is that it does negatively affect those that are 1st time home buyers. You pretty much need to make $100k/yr minimum to buy even a rundown 1 bedroom condo in Miami-Dade. The solid majority of the workforce makes under that. “Let’s keep making Miami more beautiful” will lead to it being a $200k/yr minimum within a few more years.

3
Anonymous
4 months ago

Except when first time home buyers want to live in Wynwood at Hialeah prices.

4
Rob
4 months ago

You said it. To benefit all!! The wealthy will never have problems (economy problems, they haveplenty of others) But The wealthy cannot have their lavish lifestyle without the service employees. On the other hand, Places don’t have to be luxurious to be beautiful.

4
Socretes
4 months ago

Right….wealthy people will never have economic problems.
Because the minute that they start having economic problems they are no longer defined as wealthy.

People move throughout economic levels in a lifetime.
For example, my net worth when I graduated High school was positive. However, that changed fast beginning my freshman year in college, when my net worth turned negative for a couple decades.

Thank goodness that I was a service employee at night to pay off student loans, and thank goodness no one ever convinced me that buying real estate was unattainable.

-1
Qtip
4 months ago

Funny all the cities that try to fight developments to keep housing for those who are already there don’t become attainable but instead become unaffordable to pretty much everyone. Not to mention there are like 3-4 house holds on that lot I’m sure the developer will build 10 times as many units so more people get to enjoy the area.

11
Socretes
4 months ago

Zero people live there today. it is an empty building and empty parking lots.

Wonder no more my friend!!!

-2
Anonymous
4 months ago

Attainable is a sliding scale. Aston Martin residences are “attainable” to someone with a $50,000,000 net worth.

3
Anonymous
4 months ago

All development should be market rate. The market should determine what is attainable and for whom.

-3
Not Anonymous
4 months ago

Lol you can leave and go to your anarchic-capitalist wasteland where half the population is homeless and pay “market rate” for your house

-3
Anonymous
4 months ago

^^cut the drama

3
Anonymous
4 months ago

You just described San Francisco, which, ironically, is what you want Miami to become.

2
Cover the Podiums
4 months ago

Keep tearing down all those slumlord shacks

2
DWNTWNR
4 months ago

For everyone wondering about attainability, there’s a section in Miami 21 about mixed attainable income housing. To get bonus incentives, you have to qualify by providing a mixture of units at various income levels certified by the City. Assuming that’s what they’re referring to, at least 80% of all units have to be available at 60% area median income. Wynwood Norte has separate income requirements for bonus incentives, so it depends on if they’re going by the citywide mixed income attainable or the Wynwood Norte specific affordable housing public benefits.

2
Anonymous
4 months ago

yeah, the “section” is called “Section 8”

-2
Anonymous
4 months ago

One waiver later, however…

0
Luis
4 months ago

Need more of this, great development!

2
Anonymous
4 months ago

Wynwood Sur is better

-1
Anonymous
4 months ago

“wynwood norte” aka the deep hood within a hood

-2
Anonymous
4 months ago

It’s literally a block away from Wynwood’s center. Hopefully the developer takes the opportunity and builds something nice to transition to the single-family/small apartment house areas, and not another half parking podium, half jailhouse-looking box.

1
Anonymous
4 months ago

Why would we want single-family homes in the urban core? Do you think that would help our housing/affordability situation?

1