New details emerge on $40M mixed-use development in North Miami

Miami /
Feb.February 09, 2017 12:00 PM

The developers of NoMi Senior Housing, a $40 million development planned for North Miami, unveiled new details for the project at a community meeting on Tuesday. 

The two-building development, with an assisted living facility and a 175-unit apartment building dedicated to senior housing, is planned for 950 Northeast 124th Street and will be the first such project in the area. The developers are Blue Road Developers and the Upper Manhattan Development Corp., both with offices in Bay Harbor Islands.

The apartment component of NoMi will consist of 20 percent studios, 30 percent one-bedroom units and 50 percent two- bedroom units. Because it’s classified as senior housing, the project is eligible for tax credits. The rents, which will be on a sliding scale, will be pegged to the average median income in the area.

The developers hope to have their approvals by September, said Marcus Frankel, president of Bay Harbor Islands-based Frankel Benayoun Architects, who gave the presentation at the community meeting at the Gwen Margolis Center. “With an aggressive contractor,” the development could be built in 18 to 20 months after that, he said.

John Dellagloria, an attorney for the developer, said North Miami hasn’t seen any major development since 2002 when Biscayne Landing launched. That project site has since been sold and rebranded as SoLeMia.

The development will include a garage with 186 spaces; a five-story ALF with 42,550 square feet, plus a rooftop therapy and sculpture garden with 8,730 square feet. The apartment building will have five stories on 123rd Street and eight stories on 124th Street. Altogether, the apartment building will have 174,525 square feet, plus a rooftop garden and recreational amenities with 14,525 square feet.

Since the last community meeting on NoMi Senior Housing in July, the developers incorporated some of the changes in their plans suggested by city planners. A number of amenities were added, including a 1,200-square-foot space on the ground floor of the apartment building – carved out of the 10,000 square feet that had been designated for retail – for MOCA (Museum of Contemporary Art) functions and exhibition space. “The developers will give them a preferential rate for their functions,” Upper Manhattan Development founding partner Moe Yaghoubi told The Real Deal.

Also added to the plans since July: a playground for apartment residents’ children and grandchildren, a place for physical therapy on the roof of the ALF and a multipurpose room on every floor in the apartment building for computer training, card games and yoga spaces, among other activities. These spaces will only be available to residents.


Related Articles

arrow_forward_ios
Ron DeSantis and Peter Thiel (Illustration by The Real Deal with Getty)
Peter Thiel on Florida real estate: “becoming like California”
Peter Thiel on Florida real estate: “becoming like California”
Fontainebleau Development's Jeffrey Soffer and PowerHouse Marina at 13255 Biscayne Boulevard (Fontainebleau Development, Google Maps, Getty)
Jeffrey Soffer’s Fontainebleau buys North Miami marina
Jeffrey Soffer’s Fontainebleau buys North Miami marina
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Turnberry Associates’ Jackie Soffer (Gio Alma, Getty)
Developer Jackie Soffer on SoLé Mia, Miami’s boom & more
Developer Jackie Soffer on SoLé Mia, Miami’s boom & more
A rendering of the Kayla at Library Place apartment building planned for North Miami with Coral Rock Development Group’s principals David Brown, Michael Wohl, Victor Brown and Stephen Blumenthal (Coral Rock Development Group)
Coral Rock plans workforce, affordable housing in North Miami
Coral Rock plans workforce, affordable housing in North Miami
Yizhak Toledano and a rendering of the project at 2261 Northeast 164th Street in Miami beach (Cohen Freedman, YizhakToledano.org)
BH Group: Big investments, big partners and big mystery
BH Group: Big investments, big partners and big mystery
From left: Integra Investments' Nelson Stabile, Victor Ballestas, and Paulo Melo with 11295 Biscayne Boulevard
Integra JV lands $101M construction loan for Biscayne Shores project
Integra JV lands $101M construction loan for Biscayne Shores project
Affiliated Development co-founder Nick Rojo along with 9445 Fontainebleau Boulevard in Miami (left) and the Bohemian apartment project in Lake Worth Beach (right) (Getty Images, Affiliated Development, Google Maps, MSA Architects)
“Slamming on the brakes”: South Florida’s record rent hikes slow
“Slamming on the brakes”: South Florida’s record rent hikes slow
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...