Developers in Miami may soon be able to build apartments with even less parking.
Miami’s Planning Board is set to vote on a plan tomorrow that will allow new multifamily projects to be built with reduced or waived parking requirements.
Large-scale residential projects that are near a Metrorail or Metromover station are currently able to obtain a 30 percent reduction in parking requirements of 1.5 spaces per unit. If the new rules are approved, developers will be able to obtain a 50 percent reduction by paying into a city transit fund.
For small-scale projects (under 10,000 square feet) a handful of projects in limited areas will be able to build without any parking at all by paying into the fund. The exemption applies only to projects that are near a Metrorail, Metromover or high-frequency bus or trolley stop, and are not in a single or duplex family home neighborhood.
Backers of the proposal say that waiving parking requirements for smaller projects could help to promote a new walkable urbanism, while encouraging urban infill in areas such as Little Havana.
Details on the Transit Trust fund, including possible uses, were not provided in board agenda documents.