A developer proposes a 42-unit condo project with workforce units in Kendall, amid a flurry of proposals for below-market rate housing in South Florida.
An entity tied to Bob Liu of Capital Partners Management and Miami-based LiuCon Development wants to build a six-story building at 8445 Southwest 94th Street in unincorporated Miami-Dade County, according to an application filed last week. The project will include 1,100 square feet of commercial space and 54 parking spaces.
It will consist of three ground-floor condos, 16 one-bedroom lofts, seven one-bedroom condos and 16 two-bedroom condos, the application shows. Of the 42 units, 11 will be workforce housing.
The filing doesn’t specify the income levels the workforce units will target. Generally, Miami-Dade workforce units are for households earning from 60 percent to 140 percent of the area median income.
The county’s annual AMI is $87,200, according to the Florida Housing Finance Corporation.
Liu, through an affiliate, paid $1.1 million for the 0.9-acre vacant site last year, records show.
LiuCon is a developer and general contractor that focuses on luxury homes, its website shows.
Liu is asking the county for a special exception for a general development plan within the Smart Miami Area Rapid Transit subzone, or zoning for sites near major roads. The site is a few blocks south of Kendall Drive/Southwest 88th Street.The developer also plans to file an administrative site plan review application.
Developers have jumped on building workforce housing across Miami-Dade. Demand for below-market homes is nearly ensured in the county, where many longtime residents are priced out of home buying and renting.
In Naranja, Coinco Investment proposes three four-story buildings with 192 units on the southeast corner of U.S. 1 and Southwest 232nd Street. At least 76 of the apartments will be for households earning no more than 120 percent of the AMI.
Atlantic Pacific Companies wants to build an eight-story, 375-unit building with affordable and workforce apartments on a portion of the site at 800 Northwest Fifth Avenue in Miami’s Overtown/Park West area
Near Miami International Airport, Legacy Residential Group and Cayon Development Group propose an eight-story, 235-unit building, where 30 apartments will be for households earning from 60 percent to 120 percent of the AMI. The site is at 3685 Northwest 36th Street in unincorporated Miami-Dade.
