An Argentine real estate firm wants to develop a 25-story Live Local Act multifamily tower in Goulds, marking the tallest proposed building in the south Miami-Dade County neighborhood that is home to low-rise housing and shopping plazas.
RCC Developers proposes the 300-unit project with 5,900 square feet of retail and 290 parking spaces for the 1.4-acre site on the northeast corner of Southwest 214th Street and U.S. 1/South Dixie Highway in an unincorporated area of the county, according to an application submitted to Miami-Dade this week.
Designed by Modis Architects, the project will include 120 apartments for households earning no more than 120 percent of the area median income. This is consistent with the Live Local Act, which awards developers height and density bonuses, as well as property tax exemptions, if they designate at least 40 percent of units at their residential projects as affordable or workforce housing.
Records show RCC Developers bought the five-lot vacant Goulds site for $1.1 million in two deals in 2021 and last year.
RCC ties to Martin Racca and Pablo Buttice, according to records. Racca is president of Argentine firm RCC Emprendimientos, according to his LinkedIn. Buttice is director of Grupo Zero International Realty and co-founder of Bay Harbor Islands-based GZI Realty, according to his Instagram and Realtor.com profile.
Buttice, who also is from Argentina, started his real estate career as a restaurant owner in Argentine tourist destinations Las Leñas and Pinamar, according to his Realtor.com profile. His father is the late soccer star Carlos “Batman” Buttice, the profile says.
Reached by phone, Buttice said he isn’t the site’s owner and declined to identify the developers, only saying it’s RCC Holdings Group, led by Latin American investors.
The Live Local Act, which state lawmakers approved in 2023 and tweaked in the subsequent two years, allows projects to reach the tallest height permitted within a mile of their development site. This has opened the door for proposals for towers in traditionally low-rise neighborhoods.
RCC’s 25-story project height is enabled by the Cutler Ridge Urban Center development district, which is about a half-mile from the Goulds development site, according to RCC’s application.
Developers also have targeted Miami’s Wynwood neighborhood, where heights historically were capped at 12 stories, with proposals for towers under the Live Local Act. In the tallest Wynwood proposals, New York-based Bazbaz Development wants to build a 48-story, 544-unit apartment tower at 2110-2134 North Miami Avenue and 2101-2135 Northwest Miami Court. And New York-based Hidrock Properties and Robert Finvarb propose a 39-story, 336-unit tower at 2534 North Miami Avenue.
South Miami-Dade has caught developers’ eyes in recent years partly due to its ample supply of buildable land that comes at a discount compared with Miami’s urban core. South Miami-Dade consists of the Goulds, Naranja, Leisure City, Princeton and Perrine neighborhoods, as well as the municipalities of Homestead and Florida City.
Also in Goulds, developers Mariano Karner and Esteban Koffsmon’s K2 Capital Group proposes an eight-story, 206-unit apartment building at 21220 and 21350 Southwest 115th Road and 21143 and 21281 Southwest 117th Avenue.
Homebuilding giant Lennar wants to develop 192 single-family homes in two projects on the southeast corner of Southwest 220th Street and Southwest 133rd Court near Goulds, as well as on the southeast corner of Southwest 212th Street and Southwest 127th Avenue in Goulds.
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