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May 13.2025
2 Minutes Read

Keystone Midway: A New Affordable Housing Project Set to Transform Fontainebleau

Modern affordable housing in Florida amid greenery on a sunny day.

Keystone Holdings Group Launches Ambitious Housing Project in Fontainebleau

The demand for affordable housing in Miami-Dade County is about to receive a significant boost as Keystone Holdings Group proposes its latest project, the Keystone Midway. This proposed initiative aims to build a substantial 477-unit apartment complex, designed to cater to a wide range of residents, including those with below-median incomes.

A Closer Look at the Keystone Midway Project

Envisioned as an 18-story building, the Keystone Midway will sit on a spacious two-acre lot located at 190 Northwest 79th Avenue. Notably, the project will include one- and two-bedroom apartments, with at least 40 percent—190 units—set aside for households earning up to 120 percent of the area median income. This aligns with Florida's Live Local Act, which promotes the development of affordable housing amidst a growing crisis of housing availability and affordability.

Why the Live Local Act Matters

Since its introduction, the Live Local Act has catalyzed a wave of housing proposals across Florida. Developers, responding to the legislative incentives, are now more inclined to include below-market rentals in their projects. This not only makes homes more accessible for local families and individuals but also aids in alleviating the state's housing shortage, a growing concern among Florida homeowners.

Implications for Local Residents and the Housing Market

Construction of the Keystone Midway is poised to impact not only prospective tenants but also current homeowners in the area. By increasing the supply of affordable units, this project can help stabilize property values by preventing price surges induced by limited housing availability. Moreover, projects like this are often accompanied by a ripple effect, initiating further investments and developments within the community.

Looking Beyond Keystone Midway: The Bigger Picture

Keystone’s initiative is part of a broader movement where various developers, including Related Urban and commercial brokers, are proposing similar projects under the framework of the Live Local Act. The recent flurry of activity is a hopeful signal that the housing landscape in Miami-Dade is on the verge of transformation. For homeowners and residents, such developments could herald a much-needed shift towards affordability and community resilience.

As this project moves forward, it becomes essential for residents to stay informed and engaged with local developments. Understanding and participating in the growth of your community not only benefits you but contributes to creating sustainable living environments for all.

Florida News

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09.13.2025

Confronting Gun Violence: The Stories of Hope After Tragedy

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Miami Seaquarium Property Development Talks: What Florida Homeowners Need to Know

Update Secretive Talks Spark Excitement Over Miami Seaquarium Site In the heart of South Florida, a significant opportunity is unfolding as developers Integra Investments and Terra engage in secretive discussions to redevelop the historic Miami Seaquarium site. This rare 38-acre waterfront property, owned by Miami-Dade County and nestled on Virginia Key, has been under scrutiny following a contentious eviction lawsuit against its current operator, Dolphin Company. The polarizing tale of the Seaquarium, which has been a beloved part of the community since opening in 1955, may soon reach its climax as developers vie for control. Future of Miami's Waterfront: What’s On The Table? The proposals from Integra, led by Paulo Tavares de Melo, and Terra, represented by David Martin, have remained tightly under wraps. However, discussions have indicated an interest in integrating a marina into the new development plans. Miami-Dade Commissioner Raquel Regalado, who oversees the site, emphasized the need for more marina facilities in the county, hinting that expanding recreational access could benefit both residents and tourists alike. A Shift in Focus: Potential End of an Era The Seaquarium, once home to the iconic dolphin Flipper, faces a challenging future. The Dolphin Company, embroiled in Chapter 11 bankruptcy, has not only been accused of failing to maintain the Seaquarium but has also faced allegations regarding animal welfare practices. The unfortunate death of the orca Tokitae has ignited further controversies and has alienated segments of the public. As discussions for redevelopment gain momentum, the fate of the beloved sea creatures hangs in the balance. Community Engagement: What Residents Think For Florida homeowners, the redevelopment of the Miami Seaquarium site poses implications beyond just real estate development. With the county-owned property under discussion, residents should actively engage, voicing their opinions about potential projects and uses of this prime skyline. Decisions made today will shape the community’s future for generations to come. Your Voice Matters: Join the Conversation As the tide shifts on what may become the central waterfront hub in Miami, local residents are encouraged to partake in discussions regarding the Seaquarium's future. Whether you envision a vibrant marina, public parks, or other recreational outlets, your input is vital in ensuring that the redevelopment aligns with the community’s desires and needs.

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Major Financing for Ritz-Carlton Residences: What Florida Homeowners Should Know

Update Investing in Luxury: The Ritz-Carlton Project Unveiled In a significant move for South Florida’s luxury real estate market, Lionstone Group, Flag Luxury Group, and Ben-Josef Group have secured a $61.2 million predevelopment loan from BHI, the U.S. arm of Israel's Bank Hapoalim, for their planned Ritz-Carlton Residences in South Beach. Located at 1671 Collins Avenue, the project promises to elevate the area’s opulence. The developers received approval for this venture in 2023, setting the stage for a new 15-story, 30-unit condominium, alongside a redeveloped 101-key Sagamore Hotel into a sleek 55-room Ritz-branded establishment. Architectural and Amenities Focus Designed by Kobi Karp Architecture & Interior Design, with contributions from Studio Munge and landscape firm Naturalficial, the Ritz-Carlton Residences will cater to affluent tastes. Units will range from one to five bedrooms, including luxurious penthouses priced at $69 million and $52.5 million respectively. Residents and guests can look forward to an array of amenities, featuring multiple pools, a beach club, a library, a theater, a fitness center, and a sculpture garden. Additionally, the hotel will house a restaurant by the renowned Michelin-starred chef José Andrés, adding a culinary footprint to this upscale living experience. Market Outlook for Luxury Real Estate The strategic partnership forming around this project reflects broader trends in the upscale real estate market in South Florida. The recent approval signals not only confidence among investors but also affirmations of South Beach as a premium destination for luxury living. Competition remains robust, evidenced by BHI's continued investments across the region, including a recent $125 million loan to Craig Robins’ Dacra for new apartments in the Miami Design District. Looking Ahead: Completion and Sales Strategy With completion slated for 2027, the Ritz-Carlton Residences project is being aggressively marketed by Douglas Elliman’s Eklund-Gomes team. The alluring price point of condos starting at $4.3 million suggests strong demand for luxury properties in Miami, opening opportunities for potential buyers who seek an elite lifestyle in a vibrant community. As the South Florida luxury market evolves, staying informed is essential for prospective homeowners looking to invest wisely. With developments like the Ritz-Carlton Residences leading the way, now is an exciting time for real estate in the Sunshine State.

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