Swerdlow Group bought a nearly 2-acre development site in Miami’s Little River neighborhood for $11.5 million.
The property will be part of Swerdlow’s planned 5,000-plus unit affordable and workforce multifamily redevelopment of several public housing complexes in Little River.
Michael Swerdlow’s Coconut Grove-based firm bought the property at 7275 and 7373 Northwest Seventh Avenue in Miami, according to records and real estate database Vizzda. An affiliate of roofing supply company ABC Supply sold the site.
The property consists of a 33,700-square-foot warehouse built in 1982, as well as six vacant lots, records show. It’s adjacent to an inactive FEC Railway spur and to the 150-unit Victory Homes public housing complex at 520 Northwest 75th Street.
Swerdlow plans to develop 5,730 below-market rentals; 370,000 square feet of commercial space; 250,000 square feet of open space and amenities; and a new Tri-Rail passenger train station across five existing Miami-Dade County public housing complexes in Little River. SJM Partners and Alben Duffie are development partners.
In addition to Victory Homes, the complexes Swerdlow will redevelop are Newberg at 7200 Northeast Miami Court; Gwen Cherry 22 at 7101 Northeast Miami Court; Gwen Cherry 06 at the intersection of Northwest 71st Street and Northwest First Court; and New Haven Gardens at 7200 Northeast Second Avenue. They have a combined 314 units.
In April, county commissioners approved for Swerdlow to redevelop the properties and lease the county-owned sites under a 99-year term. The lease will yield $9.6 billion to Miami-Dade over the 99-year term.
Miami-Dade records show that the 7275 and 7373 Northwest Seventh Avenue property Swerdlow just purchased, called the ABC Property, is part of the development site.
Current residents at the public housing communities will be able to move into the new buildings Swerdlow develops. The firm will replace the existing 314 units through the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration program.
Other units at the project could be apartments for rent or for-sale homes, county records show.
Swerdlow’s Little River project is part of a bigger Miami-Dade initiative to redevelop its aging public housing. In 2023, the county issued a solicitation to redevelop a total of 10 low-income housing complexes.
Elsewhere in Miami-Dade, Miami Beach-based Redwood Dev Co plans to replace a portion of Annie Coleman 14 public housing site at 2415-2479 and 2494 Northwest 50th Street and 2600 Northwest 48th Street with 287 affordable units, 36 townhouses and 4,800 square feet of retail. Annie Coleman 14 is in an unincorporated area of the county. Redwood also plans to redevelop the Gwen Cherry 07 public housing complex with 150 affordable units reserved for renters 62 and older, and the Lemon City public housing complex with 260 affordable apartments. The properties are at 170 Northeast 67th Street, 6850 and 6860 Northeast Second Avenue, and 185, 147 and 137 Northeast 68th Terrace in Miami.
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