Exciting Development in Wynwood: Bazbaz Proposes Landmark 48-Story Project.
Bazbaz Development is set to redefine the skyline of Wynwood with a groundbreaking proposal for a 48-story apartment tower, marking the tallest project ever envisioned for this vibrant Miami neighborhood. Leveraging the opportunities presented by the Live Local Act, this ambitious project will significantly elevate Wynwood's residential landscape.
Project Highlights:
Location: The development will occupy a 1.5-acre site at 2110, 2118, and 2134 North Miami Avenue, and 2101, 2129, and 2135 Northwest Miami Court.
Scale: The 755,700-square-foot project will feature 544 units, offering modern living spaces in a dynamic area.
Parking: The plan includes 321 on-site parking spaces, with an additional eight off-site spaces.
Community Impact: At least 40% of the units will be designated for households earning no more than 120% of the area median income, ensuring affordable housing options.
The Live Local Act allows developers to exceed local zoning limitations in exchange for providing affordable housing.
Under this legislation, Bazbaz Development's proposal, which stands at 48 stories, could have been as tall as 60 stories but already surpasses Wynwood's current 12-story height restriction.
Previous Plans and Acquisition:
The current proposal is a significant departure from Bazbaz Development's initial plan, which featured an eight-story and a 12-story building with a total of 339 apartments.
Bazbaz acquired the development site in 2022 for $12 million, highlighting their commitment to transforming the area.
Broader Impact:
The Live Local Act has sparked numerous development proposals across South Florida, aiming to address housing affordability while encouraging urban growth.
Other notable projects include Moderno Development Group's 27-story 500 Art Lofts in Fort Lauderdale and Whitman Family Development's mixed-use project in Bal Harbour, which has generated considerable community discussion.
As this proposal moves forward, it promises to bring new energy and opportunities to Wynwood, enhancing its reputation as one of Miami's most dynamic and evolving neighborhoods. Stay tuned for updates as Bazbaz Development's visionary project progresses.
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Sr. Project Manager in Nashville, TN expanding our footprint into this region with 30+ years experience in the Commercial construction arena
1moA lot of good people with the right attitude and determination make the difference on these projects. I am so proud of our people at KPRS.