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
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Gables Town Colony apartment complex, Sue Ansel of Gables Residential
Gables Residential scores $85M loan for Boca Raton apartment complex
Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya
Nuveen pays $103M for West Palm luxury apartments
Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)
Billionaire TV family sells Miramar property to Florida Crystals
Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential
Florida Crystals sells Margate rentals for $60M
Florida Crystals sells Margate rentals for $60M
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)
TIAA sells Weston warehouse for $33M
TIAA sells Weston warehouse for $33M
arrow_forward_ios

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

Loading...