The Caltagirone brothers’ Calta Group scored approval for a 499-unit Live Local Act tower in Allapattah, marking one of the first Miami projects under the state law with both condos and apartments.
Coral Gables-based Calta plans the 30-story Anatomia with 6,500 square feet of retail at 1415–1469 Northwest 13th Terrace in Miami, according to the developer’s news release. At its Wednesday meeting, the City of Miami Urban Development Review Board approved the project.
Designed by Corwil Architects, Anatomia will consist of 289 luxury condos and 210 apartments, the release says.
The Live Local Act, which Florida lawmakers approved in 2023 and tweaked in the following two years, awards developers with density and height bonuses in exchange for including apartments at below-market rate rents in their projects. Under the law, at least 40 percent of units have to be designated for households earning no more than 120 percent of the area median income.
While the law allows for projects to include condos, the workforce and affordable units have to be apartments.
At Anatomia, all residents will share a lobby and access to the primary amenity deck, the release says.
The tower also will have a rooftop lounge for condo owners and members.
Of the 210 apartments, 128 will be studios and 82 will be one-bedroom units. The condos will range from studios averaging 419 square feet to three-bedroom units averaging 1,111 square feet, with asking prices from $500,000 to $950,000, according to the release.
Calta bought the 1.1-acre, two-lot development site in two deals, paying $10 million in 2023 for one of the parcels, and $7.2 million last year for the other, records show.
Calta, which Gaetano Caltagirone leads with Ignazio Caltagirone, has been ramping up its South Florida development activity in recent years. The brothers, who founded the firm in 2010, grew up in a real estate family in Italy, and started betting on South Florida’s housing market during the Great Recession, renovating and flipping houses.
In Hollywood, Calta developed the eight-story, 180-unit Revv Hollywood apartment building at 2233 Hollywood Boulevard.
In Coral Gables, it plans the Via Veneto project with 10 three-story townhomes at 915 and 920 Palermo Avenue in Coral Gables. Calta launched sales last year, with asking prices at the time starting at $5.5 million.
In February, Calta scored a $53.7 million construction loan for the 151-unit Caltopia Hollywood apartment project at 2750 Van Buren Street, as well as the 100-unit Caltopia Hollywood II apartment project at 2217-2239 Jackson Street in Hollywood.
South Florida developers have seized on the Live Local Act with proposals for large projects. The biggest known Live Local complex on tap in Miami-Dade County is Spanish developer Pablo Castro and his local partner Laura Tauber’s 4,032-unit HueHub in West Little River. The project will have seven 35-story apartment towers at 8395 Northwest 27th Avenue.
Elsewhere, RCC Developers proposes a 25-story, 300-unit Live Local tower on the northeast corner of Southwest 214th Street and U.S. 1/South Dixie Highway in Goulds. Masoud and Stephanie Shojaee’s Shoma Group wants to build the 16-story, 201-unit Ponce 8 Live Local apartment building at 3808-3850 Southwest Eighth Street in Coral Gables.
