A pair of developers have filed proposals for two major residential towers in Miami, aiming to deliver a combined total of 791 units under Florida’s Live Local Act. The proposed projects, located in Wynwood Norte and Overtown, are the latest in a series of applications leveraging the state’s workforce housing law, which encourages the inclusion of below-market rate apartments in new developments.
In Wynwood Norte, ABH Developer Group, led by Alexis Bogomolni, has submitted plans for Wyn Park, a 36-story building with 293 units. The project would be built at 3311 and 3327 Northwest Second Avenue, 169 Northwest 33rd Street, and 182 Northwest 34th Street. According to city filings, Wyn Park is designed by Modis Architects and would feature a nine-story parking podium with commercial space. The building would offer studio, one-bedroom, and two-bedroom apartments, with 117 units reserved for below-market rate rents. This meets the Live Local Act’s requirement that at least 40 percent of units are affordable to households earning no more than 120 percent of the area median income.
In Overtown, an entity associated with Alan Omsky, co-founder of KYU restaurant, has proposed a 55-story tower at 1210 Northwest Second Avenue and 211 and 223 Northwest 12th Street. The development, designed by Kobi Karp, would include 498 apartments, 200 of which would be offered at below-market rate rents. The building would have studios, one- and two-bedroom units, as well as 200 micro-units measuring over 275 square feet each. The application does not specify if the micro-units will be among the below-market rentals. The tower’s nine-story podium would feature exterior murals by artist Yana Volf depicting Overtown residents.
Both proposals are scheduled for review by the Miami Urban Development Review Board at its upcoming meeting on Wednesday.
The Live Local Act, enacted in 2023, permits developers to construct larger buildings if they allocate a portion of the apartments to be affordable for at least 30 years to households earning up to 120 percent of the area median income.
ABH Developer Group, founded in 2021 by Bogomolni and based in Miami, focuses on real estate investment, land entitlement, and development. The company lists projects in Bay Harbor Islands, Hollywood, Wynwood, and Wynwood Norte on its website. The original plan for Wyn Park was described as a 120-unit mixed-use project with multifamily, office, and retail components but appears to have been expanded under the Live Local Act.
The firm has also developed other projects in Wynwood Norte, including Wyn Ave, a six-story building with 44 apartments and retail space at 3332 Northwest Fifth Avenue, and W35, a five-story building with 24 apartments and retail space at 319 Northwest 35th Street.
Wynwood Norte is an area adjacent to Wynwood that received city approval in 2021 to encourage new development while aiming to preserve its character. The district covers roughly 140 acres between Northeast and Northwest 29th Street and 36th Street, from North Miami Avenue to Northwest Seventh Avenue.
Overtown has a history as a major center for commerce and culture within Miami’s Black community but is now undergoing redevelopment that includes both affordable and luxury housing projects. Housing Trust Group and NBA Hall of Famer Alonzo Mourning’s nonprofit AM Affordable Housing are developing Courtside Apartments II, a $58 million project with 120 affordable units in two seven-story buildings at 1698 Northwest Third Avenue and 1501 Northwest Fourth Avenue. In addition to affordable housing initiatives, developers are also introducing luxury options in Overtown; last summer saw the launch of sales for One West Twelve Residences, a 22-story condominium project with 372 units designed for short-term rentals at 105 Northwest 11th Terrace.
“The Live Local Act allows developers to build bigger buildings as long as they include below-market rate apartments. The units have to remain designated for earners of up to 120 percent of the AMI for at least 30 years,” according to the press release.
ABH Developer describes itself as “a real estate investment, land entitlement and development firm,” with several projects across Miami neighborhoods.
Wynwood Norte was “approved in 2021, spurring more development. Proponents have argued the zoning rules also will preserve the district’s character.”
Overtown is “experiencing redevelopment, including with affordable housing,” while luxury developments are also being introduced in the neighborhood.
