Add Row

Add Element

update

Florida Healthy Living

update

Add Element

Home
Categories
- Health
- Wellness
- Travel
- Tourism
- Florida News
- Featured

Add Element

UPDATE

March 05.2025

2 Minutes Read

Related Group Proposes 398 Affordable Apartments via Live Local Act

Modern affordable apartments in Miami under a clear blue sky.

Revitalizing Miami: A New Hope for Affordable Housing

The Related Urban Development Group (RUDG) is making waves in Miami with a new proposal to develop 398 affordable apartments at the Claude Pepper Tower site. This initiative is set to bring much-needed housing solutions to the Miami Health District, illustrating a significant step forward under the state's Live Local Act.

A Closer Look at the Live Local Act

The Live Local Act, allowing developers to transform commercial or industrial properties into multifamily housing, is pivotal for this project. By ensuring that at least 40% of new units are designated as workforce housing—capped at 140% of the area’s median income—this initiative aims to create comprehensive community support. The current proposal seeks to replace the existing 12-story structure, originally developed in 1969, with a modern 14-story tower poised to provide sustainable living conditions.

What the Project Entails

The Residences at Claude Pepper will feature 398 affordable apartments, ranging from 610 to 970 square feet, including a mix of one- and two-bedroom units. More than just housing, the proposal includes a robust 4,400-square-foot community center, a fitness facility, coworking spaces, and a sports court—amenities designed to foster community connections and improve residents' quality of life.

Supporting Miami's Housing Initiatives

RUDG is not alone in its mission to enhance the city's housing landscape. The company also has pending applications for further developments across Miami-Dade. This concerted effort to redevelop public housing sites, often with an eye toward affordability and community benefits, is essential in addressing the housing crisis faced by many Floridians today.

The Community's Reaction

Though official comments from RUDG are scarce, optimism surrounds the project, especially given the past agreement signed with Miami-Dade County in 2011, which emphasized the need for redevelopment. As local government seeks innovative solutions to combat rising living costs, initiatives like the Residences at Claude Pepper could hold the key to a more inclusive future in Miami.

As community members and local leaders await further developments, attention turns to how these apartments could change the landscape of affordable housing in South Florida. With real solutions on the horizon, residents are encouraged to stay informed and engaged as the project unfolds.

Florida News

Write A Comment

Related Posts All Posts

07.29.2025

Unlocking Edgewater's Potential: Live Local Act Approval Sparks Development

Update Edgewater's Future: A New Chapter for Miami's Skyline The recent approval of the Live Local Act for an Edgewater site marks a significant turning point in Miami’s real estate development landscape. The partnership of Amit Kort and Ofir Gabriel, operating under the name Tulip Developments Group, is poised to transform a modest assemblage of 0.8 acres into a soaring 47-story residential tower. This project promises not just to add height to the skyline but also to cater to the community's pressing need for affordable housing. Understanding the Live Local Act Under Florida's Live Local Act, a crucial incentive for developers, projects can be constructed with higher density than what current zoning laws typically permit. By dedicating 40% of units for households earning up to 120% of the area median income (AMI), the act plays a pivotal role in addressing workforce housing shortages. With Miami-Dade County's AMI for a one-person household set at around $86,800, developers like Tulip ensure these vital housing options are within reach for more residents. Economic Benefits and Community Impact The approval of this project is not just about luxury high-rises; it's also about revitalizing areas that need it most. Located in an Opportunity Zone, this site allows investors to enjoy tax benefits while uplifting potentially underdeveloped neighborhoods. The Live Local Act approval, combined with transit zone bonuses, enhances the project's viability and its capacity to accommodate the diverse needs of the Miami population. A Vision Driven by Local Needs Designed by prominent Miami architect Kobi Karp, the development isn’t solely focused on market-rate units. With plans for 296 market-rate apartments, 203 workforce housing units, and retail opportunities on the ground floor, the project is set to foster a vibrant community-centric atmosphere. This mix of high-density living and local commerce aims to ensure that residents have access to essential services right by their homes. Conclusion: What's Next for Buyers? As Miami continues to evolve, the need for balanced and inclusive development becomes ever more urgent. This new project by Tulip is not only a response to that need but also a model for future undertakings in the city. Florida homeowners and potential buyers in the area should stay informed about these developments, as the changing landscape may open opportunities for more affordable housing options in the near future.

07.29.2025

Crow Holdings Acquires 376-Unit Apartment in Davie for $97.5 Million

Update Rising Interest in South Florida RentalsThe multifamily investment sector in South Florida is witnessing a resurgence, particularly highlighted by the recent acquisition of the 376-unit 33 West apartment complex in Davie. Purchased by Crow Holdings for $97.5 million, this deal, valued at approximately $259,000 per unit, indicates a renewed confidence in the region's rental markets after a downturn precipitated by rising interest rates.A Closer Look at 33 WestCompleted in 2013, the 33 West complex features a mix of one-bedroom to three-bedroom units, with rents ranging from $2,105 to $2,767 per month. Its appeal stems from its size and amenities, situated on a spacious 15.5-acre site, making it attractive for a variety of residents in today's competitive rental market.Market Dynamics ShiftThe landscape for multifamily investments has changed significantly since the pandemic’s peak rental demand. During 2021, Broward County reported an impressive $5.3 billion in multifamily investment sales. However, due to elevated interest rates and a cooling influx of new residents, sales figures have dropped to a projected $1.2 billion in 2023. Deals like the Crow Holdings purchase suggest that while the market cools, there remain robust opportunities for serious investors.Cash is King Amid Higher RatesThe trend of all-cash deals has grown as buyers like Crow Holdings aim to sidestep hefty interest payments. Unlike many recent purchases that involve financing, Crow Holdings did not record a mortgage for its 33 West acquisition, potentially indicating a strategic move towards liquidity amidst rising rates. This trend may shape the future landscape of multifamily housing investments in South Florida.Given these market dynamics, it’s essential for Florida homeowners and potential investors to remain informed about the fluctuations in the rental market and consider strategic opportunities. Engaging with local real estate experts and staying aware of current investment trends can equip homeowners with the necessary insights to navigate these evolving circumstances.

07.28.2025

Ockap Caviar Restaurant and Financial Shift: A New Era for South Beach

Update Ockap Caviar: The New Culinary Attraction in South BeachMiami Beach is set to welcome a fresh culinary gem—Ockap Caviar & Cuisine will open its second location at One Ocean in the highly sought-after South of Fifth neighborhood. The restaurant is making waves as it occupies a spacious 3,200 square feet with a remarkable lease rate of $175 per square foot, a record-breaking figure in the area.Financial Firms Move to Bay Harbor IslandsAlongside the opening of Ockap, Bay Harbor Islands is attracting attention from financial industries as Legacy Wealth Advisors and NewCo Capital Group relocate their headquarters to Terra’s new development, The Well. Legacy will occupy a 5,000-square-foot space, while NewCo will take an 8,800-square-foot office. This movement showcases not only the upscale amenities of the area but also a trend toward improved business environments focused on health and wellness.The Impact of New Rentals on Local BusinessesThe real estate trends seen in Miami Beach and Bay Harbor Islands reflect a growing demand for premium lifestyle offerings. Ockap's arrival adds to an already vibrant restaurant scene, enticing food enthusiasts. Meanwhile, the financial firms bolster the local economy, signaling opportunities for further development and growth.Local Amenities and Community DevelopmentThe Well at Bay Harbor Islands promises a blend of functionality and wellness, featuring air and water purification systems and spacious rooftops that enhance community living. The inclusion of an organic market and fitness programs in its residential component emphasizes a lifestyle trend focusing on health, attracting a clientele that values both luxury and well-being.Conclusion: Embracing Change in South FloridaThe movements in both culinary and business sectors illustrate a dynamic shift in South Florida's real estate landscape. For Florida homeowners, these developments not only enhance community offerings but also increase property values as the demand for premium experiences fuels real estate growth. Stay informed and embrace the changes shaping your community.

Related Group Proposes 398 Affordable Apartments via Live Local Act

Revitalizing Miami: A New Hope for Affordable Housing

A Closer Look at the Live Local Act

What the Project Entails

Supporting Miami's Housing Initiatives

The Community's Reaction

Terms of Service

Privacy Policy

Core Modal Title