Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood.
The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county early this month. The project will consist of one- and two-bedroom apartments.
Keystone –– led by Miguel Mouriz, Reinaldo Mouriz and Enrique Puig –– is requesting a pre-application meeting. Generally, these meetings allow county staff to weigh in on a proposal before the developer files an official application.
At least 190 of the apartments will be affordable. That’s in line with the Live Local Act, which requires that 40 percent or more of the units are for households earning no more than 120 percent of the area median income.
Developers have seized on the Live Local Act with a flurry of applications. The Florida law, approved in 2023 and tweaked in the subsequent two years, incentivizes developers to include below-market rentals in exchange for wiggle room on sites’ zoning restrictions and property tax exemptions.
Keystone, a commercial real estate developer, also plans the 16-story, 284-unit Azul project at 1200 Northwest 57th Avenue near Miami International Airport.
Related Urban, the affordable housing arm of the Pérez family’s Related Group, has proposed several Live Local projects. Near West Little River, the firm wants to replace the 103-unit Palm Tower and 88-unit Palm Court public housing buildings with a 12-story, 316-unit mixed-income apartment building and a pair of medical office buildings. The site is at 860, 930 and 950 Northwest 95th Street.
At Jackson Memorial Hospital’s campus in Miami, Related proposes an 842-unit Live Local project with a 27-story tower and a 31-story tower at 1500 Northwest 12th Avenue.
Commercial real estate brokers Lyle Stern and Kerry Newman propose a 24-story, 400-unit Live Local project at 2186 Northwest 13th Avenue and 1330-1342 Northwest 22nd Street in Miami’s Allapattah.
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