The Real Deal Miami

Developer plans live-work project in Miami’s Morningside

$10M development calls for 24 resi units and 9,000 sf of retail space
By Katherine Kallergis |
Research by Haru Coryne
January 09, 2019 04:00PM

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.