Developer plans live-work project in Miami’s Morningside

$10M development calls for 24 resi units and 9,000 sf of retail space

Miami /
Jan.January 09, 2019 04:00 PM

Renderings of Morningside Place (Credit: iStock)

A pair of Venezuelan developers filed plans for a live-work mixed-use building in Miami’s Morningside neighborhood.

Rosa 55 Morningside LLC, led by Sady Chocron and Roberto Cohen, are seeking a building permit for Morningside Place, a 24-unit rental building with 31,770 square feet of live-work space and about 9,000 square feet of retail space, according to records filed with the city’s building department.

In all, the developer would spend more than $10 million on the project, including $4.4 million for the land at 5501 and 5445 Biscayne Boulevard, Chocron said. Construction will begin as soon as the city approves the permit, he added.

The 38,800-square-foot development site is vacant and stretches across Northeast 55th Street, which is a no outlet street. Its previous owners, Ruben and Gladys Matz, originally planned to build a 20,000-square-foot retail complex with a roof garden on the site, according to the Biscayne Times.

The live-work project is the first mixed-use development for Chocron and Cohen in Miami. They have built luxury spec homes on the water in South Florida, including in North Miami Beach and Fort Lauderdale.

Morningside is part of the Upper East Side neighborhood of Miami, near the MiMo District. Nearby at 5700 Biscayne Boulevard, 13th Floor Investments and its partner Tricera Capital are planning to build Paseo Miami, a 448,000-square-foot development with 294 apartments, about 27,000 square feet of retail/commercial space and 517 parking spaces.

 

Related Articles

arrow_forward_ios
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
arrow_forward_ios

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

Loading...