Parking — who needs it? Miami gives initial nod to small-scale development incentives in Wynwood

Proposal would not require small lot owners to provide on-site parking, as a way to encourage them to redevelop their properties

Miami /
Oct.October 01, 2018 01:30 PM

Goldman Properties garage and Wynwood walls with Wynwood BID executive director Manny Gonzalez (Credit: Dan Lundberg)

A measure aimed at encouraging single-lot owners in Wynwood to redevelop their properties by relaxing their parking requirements is one step away from being implemented.

The Miami City Commission last week narrowly voted 3-2 to approve the proposed legislation, which is backed by the Wynwood Business Improvement District. Commissioners have to vote on it one more time to make it official, and final approval is likely.

“This basically provides some relief for smaller scale sites in the district and allows them to be redeveloped,” Miami Planning and Zoning Director Francisco Garcia told commissioners. “If there is a requirement to provide parking on-site, it becomes difficult or onerous for the property owner to refurbish those sites. So we are allowing them to provide parking off-site or put money in a trust fund reserved for construction of parking garages.”

Board members of the Wynwood BID drew up the measure seven months ago an amendment to the Wynwood Neighborhood Revitalization District zoning overlay, which has allowed major developers such as the Related Group, East End Capital and Thor Equities to build large mixed-use residential projects in the trendy neighborhood. However, the parking requirements made it difficult for owners of single warehouses and single lots to redevelop their properties.

In March, the BID’s board voted in favor of the amendment that relaxes the on-site parking requirements, as well as allows for rooftop uses and civic spaces for certain low-rise buildings. If owners cannot create the civic spaces or provide parking off-site, then they would be allowed to make cash contributions to a public benefits trust fund and a parking trust fund.

However, commissioners Joe Carollo and Manolo Reyes voted against the proposed amendment because they don’t believe the BID has the necessary experience in developing parking facilities.

“The Miami Parking Authority should be the one getting the money to build that parking,” Carollo said. “Here it is going to the BID. They are not qualified. They don’t have the expertise to build garages.”


Related Articles

arrow_forward_ios
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
Ben Bernstein and Ryan Shear with a rendering of the project at 2407 Northwest 2nd Avenue, Miami (RedSky, PMG, Google Maps)
PMG adds to assemblage of planned Society Wynwood project
PMG adds to assemblage of planned Society Wynwood project
Goldman Properties' Jessica Goldman Srebnick with 2501 Northwest 5th Avenue and the lot at 413 Northwest 25th Street, Miami (Getty, iStock)
Goldman Properties buys Wynwood property for discounted $5M
Goldman Properties buys Wynwood property for discounted $5M
Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)
Pharrell’s Billionaire Boys Club to open store in Wynwood
Pharrell’s Billionaire Boys Club to open store in Wynwood
Angel Febres, partner, Homecookin’ Hospitality and Metro 1 Managing Director Andres Nava
Wynwood nightclub building hits the market
Wynwood nightclub building hits the market
Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)
Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)
Lender closes on RedSky and JZ’s Wynwood assemblage
Lender closes on RedSky and JZ’s Wynwood assemblage
Wynwood Works rendering and Udonis Haslem (Credit: Bobby Metelus/Getty Images)
Magellan Housing and Miami Heat star Udonis Haslem to build Wynwood apartment project on city-owned land
Magellan Housing and Miami Heat star Udonis Haslem to build Wynwood apartment project on city-owned land
arrow_forward_ios

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

Loading...