Harvey Hernandez Plans Car Condo in Miami’s Little River

Developer Harvey Hernandez switched lanes for his latest project, a planned luxury car condo building with an indoor padel club, concierge and events.

Hernandez’s Newgard Development Group paid $8.2 million for the block at 7400 to 7410 Northeast Miami Court, 40 Northeast 75th Street and 19 Northeast 74th Street in Miami, according to the developer and broker involved in the deal. The properties total 1.2 acres.

Newgard plans to build Revault Miami, a mixed-use luxury car condo building with climate-controlled private garages; a padel club on the second floor with four courts, lounges, a cafe and sauna and steam rooms; a members’ lounge and event spaces, Hernandez said.

Hernandez plans to build more Revault locations in Florida and other parts of the Sun Belt region.

The 16-unit car condo building in Little River will have units averaging 2,000 square feet with 22-foot ceilings that will fit stackers to accommodate more cars. Up to nine cars will fit in the average unit, Hernandez said. Condo sales will launch in the next few weeks. He declined to disclose pricing.

“I did it out of necessity,” Hernandez said. “I started collecting cars and I couldn’t find a community for it, a purposefully designed space for collectors in the urban core. We don’t need a 10,000-square-foot warehouse, we just need a cool studio.”

Hernandez said his collection includes some Porsches, older BMWs and Mercedes-Benz cars.

Construction could begin next year and take about a year to complete, he said.

Only a few other luxury car condo buildings exist in South Florida, including Gables Auto Vault in Miami, near Coral Gables.

Virgilio Fernandez and Alain Crego of Collins represented the seller, Robinson Julien, in the larger piece of the Little River assemblage, according to a release. Newgard represented itself. The site has flexible zoning and could qualify for Live Local Act incentives. It’s also in an Opportunity Zone.

A handful of large-scale, mixed-use developments could transform Miami’s Little River and the nearby Little Haiti neighborhood, including dozens of new mid-rise and high-rise buildings that could add more than 10,000 apartments and more than 1 million square feet of commercial space.

The neighborhoods benefit from their location, just east of I-95, close to Miami Beach, Morningside, Bay Point, Miami Shores and other areas.

Hernandez, a condo developer, is co-developing Lofty Brickell and the adjacent Standard Residences, Brickell with Two Roads Development. This summer, Newgard was hit with a foreclosure lawsuit from Kushner Companies over the loan backing a mixed-use condo tower site in Fort Lauderdale.