The Real Deal Miami

Miami board to review Worldcenter, Miami River and Little Havana projects

Three new apartment buildings are coming to Little Havana
By Katherine Kallergis | January 08, 2018 02:30PM

Miami Worldcenter, Nitin Motwani and Art Falcone

New apartment buildings in Little Havana, a massive residential development along the Miami River, and retail at Miami Worldcenter are among a handful of projects going before the city of Miami later this month.

The developers of Miami Worldcenter filed plans for the seven-story, 1,100-space parking garage with about 81,000 square feet of retail space. The building would be built on Block D of the Worldcenter site, which is on Northeast Second Avenue between Northeast Eighth and Ninth streets. Miami Worldcenter Associates, led by Nitin Motwani and Art Falcone, closed on a $43 million construction loan for the garage and retail last week. Fifth Third Bank is the lender.

Miami River Walk

Mast Capital submitted plans for Miami River Walk, a 688-unit, eight-story project planned for 1001 Northwest Seventh Street. In December, the Miami River Commission approved the 6.3-acre riverfront complex, on a site that Mast Capital is under contract to buy. The developer is requesting a 30 percent reduction in parking.

Soleste Park View

Miami architecture firm Form Group is proposing Soleste Park View, an eight-story, 99-unit apartment building at 5615 to 5645 Southwest Eighth Street. Records show Outline Holdings LLC, a Pompano Beach company controlled by Oren Hefetz, paid $3.3 million in 2015 for the nearly 29,000-square-foot development site. Form Group is seeking waivers tied to the parking structure, according to documents filed with the city.

Nearby on Flagler Street, Romagna Mia Realties wants to build a 12-story, 208-unit rental building at 2744 to 2828 West Flagler Street. The developer is seeking a 3 percent reduction in parking, a setback change and other waivers.

Baccarat Residential

A company tied to Milton Construction is proposing another apartment building in the area. The general contractor filed plans for Baccarat Residential, an eight-story 100-unit multifamily development at 3900 Northwest Seventh Street.

Miami’s Urban Development Review Board will review the projects on Jan. 17.