Miami’s Midtown to expand with more resi, restaurants, retail

Miami commissioners approved street closures for 6.6 acre project

May.May 29, 2015 12:45 PM

Developer Alex Vadia has started laying the groundwork for a new residential, retail and restaurant project on nearly seven acres of vacant land just east of Midtown Miami.

At its regular planning and zoning hearing Thursday, Miami city commissioners authorized a request by three entities affiliated with Vadia to close some side streets and alleys within the proposed site, which is bounded by the Florida East Coast railroad tracks on the west, Northeast 2nd Avenue on the east, Northeast 29th Street to the south, and Northeast 31st Street to the north.

The application filed by Midtown Opportunities XIIB, Midtown Opportunities XIVB, and Midtown Opportunities XVB did not provide any specific details on Vadia’s plans. The companies’ attorney, Ines Marrero-Priegues, of Holland & Knight, declined comment. However, in a November 2014 letter to Miami Planning and Zoning Director Francisco Garcia, Marrero-Priegues said the project would be similar to Midtown Miami’s retail and restaurant components.

“Redevelopment of these properties is a natural extension of the successful Midtown Miami District,” she wrote. “The revitalization of this site with development mirroring the urban mixed-uses of Midtown will bridge the gap between Midtown and Biscayne Boulevard.”

According to a planning and zoning department staff analysis, closing portions of Northeast 1st Court, Northeast 30th Street, and Northeast 31st Street allows Midtown Opportunities to create a unified site “consistent in size to the nearby Midtown Miami.”

Building retail and restaurants on the ground level will help increase pedestrian activity on a stretch of Northeast 2nd Avenue that is largely deserted today, the analysis states. “The closures of these roadways will promote and facilitate cohesive development, economic growth and revitalization of the lots that it abuts,” the analysis states.

Miami city commissioners voted unanimously to approve Midtown Opportunities’ request without discussion. According to Miami-Dade property records, Vadia’s corporations scooped up the land between 2011 and 2012, paying a combined $11.9 million for the roughly 6.6 acres.

Related Articles

Set Midtown rendering

Brickell Construction sues for $1.2M in work at project near Midtown Miami

Avra Jain and a rendering of 225 NE 34th Street

Avra Jain plans to benefit from Opportunity Zone for Midtown office building

Alex Rodriguez (Credit: Getty Images and iStock)

Work out like A-Rod? Athlete inks Midtown Miami lease for UFC Gym

3055 North Miami Avenue and Alex Vadia (Credit: Midtown Opportunities, TAMZ)

Controversial Walmart site in Midtown Miami sells for $26M

Midtown 29 and Michael S. Morgan CEO of Morgan Group

Midtown 29 developers close $80M refinance

The Midtown Miami building and Jordan Gimelstein of Dwntwn Realty Advisors

Make it work! Fabrics store of Project Runway fame buys Midtown Miami buildings

Chef Timon Balloo and Felix Bendersky with the Ingraham Building (Credit: Twitter, Facebook and Google Maps)

The Weekly Dish: Sugarcane chef opening downtown Miami concept & more

Miami to see oversupply, high vacancies in CRE and multifamily by 2020: report

Miami to see oversupply, high vacancies in CRE and multifamily by 2020: report