Aconcagua Plans 239-Unit Multifamily Project in Naranja

Aconcagua proposes a 239-unit multifamily project in Naranja, amid continuing development in south Miami-Dade County.

The Brickell-based firm wants to build a seven-story building with 4,500 square feet of retail and a two-story parking podium on the 3-acre vacant site on the northeast corner of South Dixie Highway and Southwest 264th Avenue/Bauer Drive in an unincorporated area of the county, according to an application filed last week. The project will consist of one- and two-bedroom units and include a separate two-story building for amenities.

Aconcagua, led by Martin Muniz and Horacio Bossi, is asking Miami-Dade for an administrative site plan review and a 40 percent reduction of the required parking.

The firm is among a crop of developers that have homed in on south Miami-Dade. The area consists of the municipalities of Homestead and Florida City, as well as the neighborhoods of Princeton, Goulds, Naranja and Leisure City. It offers an ample supply of developable land that comes at a discount compared with site prices in Miami’s urban core.

In Princeton, Aconcagua plans an eight-story building with 162 apartments on the northwest corner of Southwest 248th Street and Southwest 128th Avenue. The building is the third and final phase of Aconcagua’s Casa Princeton development that also includes a 62-unit project completed last year and a 150-unit project expected to be completed in August.

Elsewhere in Naranja, Coral Gables-based MAS AJP plans a three-story row house complex with 132 homes, and a two-story row house complex with 161 homes on the northeast corner of South Dixie Highway and Southwest 280th Street. MAS AJP is led by Alberto Perez and Juan Carlos “J.C.” Mas, who is the brother of Miami Freedom Park investors Jorge and José Mas. Jorge and José Mas are not involved in the Naranja project.

Also, Jacksonville-based Vestcor paid $12.5 million last year for a 7.7-acre development site where it plans a 576-unit apartment complex with some workforce apartments. The property is between South Dixie Highway and the South Miami-Dade Busway, north of Southwest 280th Street.

The Haccoun family’s Monceau Real Estate plans a four-story, 120-unit apartment building at 26710 Southwest 144th Avenue and an adjacent lot in Naranja under the Live Local Act. The state law, approved in 2023 and tweaked in the subsequent two years, awards height and density bonuses and property tax exemptions to developers that include below-market rate rentals in their projects.