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New 23-Story Tower Proposed in Little Havana
A developer is working to transform Little Havana with a new 23-story tower, aiming to provide affordable housing options through the state's Live Local Act. Led by Khashayar Khazai and Shane Shapiro, this ambitious project will include 166 residential units and 400 square feet of commercial space on a newly acquired half-acre site.
Affordable Housing Initiative in Focus
Forty percent of the residential units will be designated as affordable housing, providing options for families earning up to 120 percent of the area median income (AMI). For Miami-Dade County, the AMI is currently set at $87,200, making this initiative vital for residents needing affordable housing.
A Growing Trend in Development
The proposal comes as part of a broader trend, with many developers taking advantage of incentives from the Live Local Act. This law encourages larger buildings in traditionally low-rise areas by allowing increased building heights and granting property tax exemptions to promote affordable housing.
Implications for Little Havana’s Landscape
While this new tower aims to contribute positively to the community by addressing housing needs, it also raises important conversations about urban density in Little Havana. The site currently holds three two-story buildings, emphasizing the dramatic shift and potential change to the neighborhood character as developers propose larger structures.
What’s Next for Local Residents?
The Miami Urban Development Review Board is set to vote on this proposal, which if approved, could initiate the construction of this significant addition to the Little Havana skyline. Residents should stay informed, as decisions made now will shape the neighborhood's future housing landscape.
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