SoFla councils back 50-year real estate proposal

Jan.January 17, 2014 03:45 PM

South Florida planning councils and several other counties in the state are joining forces to compile a 50-year proposal for long-term zoning and real estate development. The plan supports mixed-use projects with an emphasis on communities of homes and businesses – merging both residential and commercial in each building.

Local leaders from municipalities such as Coral Gables, Hialeah and Boynton Beach have thrown support behind initiative, known as Seven50. The “seven” refers to the alliance of seven total counties. Hundreds of people attended a summit yesterday at the Fort Lauderdale Convention Center to learn more about the strategy.

Developers are likely to be rewarded for building “walkable downtowns” in which pedestrians can readily access supermarkets and eateries. Seven50 also takes rising sea levels into consideration.

“We could also be smarter about parking,” Victor Brandon Dover, a principal of Coral Gables-based Dover, Kohl & Partners Town Planning and a consultant for Seven50. “Typical zoning, which may have been adopted in the 1950s, requires too much parking. But it’s a huge impediment to affordable housing, especially as land gets more expensive. Local governments can choose to update their zoning codes. The ones that do are going to be the most competitive.” [Daily Business Review]Mark Maurer

Related Articles

From left: Phil Gutman, Camilo Lopez and Herve Barbera, with Ofizzina

Bar Invest Group buys office condos in Coral Gables, plans new HQ

Armando Codina and his daughter, Ana-Marie Codina Barlick and Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park

From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

The health conscious grocer Earth Fare will close its stores

Earth Fare will close South Florida stores

1210 Southwest 35th Avenue and Elion Partners Shlomo Khoudari

Elion Partners pays $26M for Boynton Beach warehouses

Masoud Shojaee and 3650 Bird Road (Credit: Google Maps)

Shoma plans two-tower rental project near Coral Gables

Greystar’s Bob Faith, The Mile (Credit: BuzzBuzzHome)

Greystar sells The Mile apartments for $40M

6855 Sunrise Drive (Credit: Google Maps)

Financier drops $13M for waterfront Coral Gables estate