In Downtown Miami, The Melo Group will now be able to build the Square Station project up to 34 stories instead of the allowed 24 due to the city commission approving a zoning change for the site.
According to The Real Deal, the Miami Planning and Zoning Appeals Board recommended that the city commission deny the zoning change. In a staff analysis, it said, “The proposed rezoning would set a negative precedent by creating a domino effect in regards to future zoning change applications." What persuaded the city commission to allow the zoning change was the promise of 96 of the residential units being designated for workforce housing.
Located at 47 Northeast 14th Street, the project will feature a total of 710 residential units across two twin apartment towers. There will also be 15,000 square feet of retail with space for a ground-floor restaurant. 946 parking spaces are also planned. The Real Deal reported that rents will start at roughly $1,600.
The developer purchased the 1.37-acre site in 2014 for $7.85 million.