Miami-Dade rezoning paves way for 321-unit multifamily project in Homestead

Commissioners approved the developer’s plans to redevelop 11.4 acres into a mixed-use corridor district

Miami /
Feb.February 23, 2021 04:30 PM
Renderings of Kevlar Gardens (Bellon Architecture)

Renderings of Kevlar Gardens (Bellon Architecture)

Miami-Dade County commissioners approved a rezoning change that paves the way for a mixed-use development in Homestead.

The developer, South Miami-Dade Farmers LLC, plans to develop the property at 15960 Southwest 296th Street into a 321-unit multifamily project called Kavlar Gardens, according to a spokesperson. The developing entity is headed by Richard Paz, the co-founder of Hollywood-based Violet Capital, according to its website. Paz declined to comment.

The Miami-Dade County Commission approved South Miami-Dade Farmers LLC’s plans to redevelop 11.4 acres of land into a mixed-use corridor district, according to Javier Vazquez, a partner at Berger Singerman who represented South Miami-Dade Farmers LLC in the rezoning process. According to Vazquez, the rezoning plans, as well as site plans, were approved without any opposition. The property was previously zoned for agriculture.

South Miami-Dade Farmers LLC is currently under contract to purchase the land for an undisclosed price, Vazquez said. The seller is Kavlar LLC, a Florida corporation managed by Vito Strano. Strano purchased the land in 1986 for $1.4 million.

Designed by Miami-based Bellon Architecture, Kevlar Gardens will consist of six three-story buildings with one-, two- and three-bedroom units, as well as recreational amenities.

The multifamily market in Homestead has taken off recently. In January, AEW Capital Management bought a 281-unit apartment complex for $57 million, and Mast Capital spent $50.75 million on a 292-townhome community.

In October, Miami-Dade County approved short-term leases that would allow three developers to redevelop affordable housing owned by the county in south Miami-Dade.






    Related Articles

    arrow_forward_ios
    Parc Station
    Out-of-state multifamily buyers eye South Florida
    Out-of-state multifamily buyers eye South Florida
    Azola West Palm Beach and ZOM Living CEO Greg West (Google Maps, iStock)
    ZOM sells West Palm Beach apartments for $48M
    ZOM sells West Palm Beach apartments for $48M
    Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)
    Iconiq buys Related and Block Capital’s Wynwood apartments for $77M
    Iconiq buys Related and Block Capital’s Wynwood apartments for $77M
    Dermot Company's Stephen Benjamin with Seabourn Cove at 3501 North Federal Highway (Linkedin, Google Maps, Seabourn Cove)
    Dermot Co. pays $143M for Boynton Beach apartments
    Dermot Co. pays $143M for Boynton Beach apartments
    Dev Motwani (right) and The Estate Companies' Jeff Ardizon and Robert Suris with renderings of the project
    Estate Companies scores $56M construction loan for Dania Beach mixed-use project
    Estate Companies scores $56M construction loan for Dania Beach mixed-use project
    2625 - 2674 North Andrews Avenue, Wilton Manors (Franklin Street, iStock)
    Wilton Manors mixed-use multifamily complex sells for $11M
    Wilton Manors mixed-use multifamily complex sells for $11M
    Gustavo Carbonell and a rendering of Progresso Village
    Mixed-use apartment project planned for Fort Lauderdale’s Progresso Village
    Mixed-use apartment project planned for Fort Lauderdale’s Progresso Village
    David Martin with a rendering of Natura Gardens
    Terra sells piece of northwest Miami-Dade dev site to Butters and Greystar, moves forward with apartment project
    Terra sells piece of northwest Miami-Dade dev site to Butters and Greystar, moves forward with apartment project
    arrow_forward_ios

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

    Loading...