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
AJP Real Estate’s Alberto Pérez and Thor Equities’ Joseph Sitt with Wynwood Walk and MedSquare Health medical offices ( AJP Real Estate, Thor Equities)
Lease roundup: AJP, Mas fully lease Kendall medical offices
Lease roundup: AJP, Mas fully lease Kendall medical offices
2100 Northwest Miami Court, 2101 Northwest First Avenue and 2127 Northwest First Avenue (Google Maps, Getty)
Another Wynwood dev site hits market asking above $30M
Another Wynwood dev site hits market asking above $30M
Block Capital Group's Gustavo Miculitzki and a rendering of the proposed five-story, 17-unit apartment project at 91 Northwest 27 Street in Miami’s Wynwood (MKDA)
Block Capital proposes 17-unit Wynwood apartment project
Block Capital proposes 17-unit Wynwood apartment project
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Evolve's Mike Winstead Jr. and Joe McKinney with rendering of the Evolve's Wynwood project (Evolve Companies, CTD Architecture)
North Carolina firm plans 141-unit Wynwood apartment project
North Carolina firm plans 141-unit Wynwood apartment project
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
Brick & Timber's Glenn Gilmore and Jesse Feldman with 215 NW 24th Street (LinkedIn, Brick & Timber, Google Maps)
Lease roundup: Brick & Timber, UBS nab tenants
Lease roundup: Brick & Timber, UBS nab tenants
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
arrow_forward_ios

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

Loading...