New Upzoning: Taller buildings and Micro-Units are Welcome in North Beach
After approval by residents to endorse a zoning increase for a ten-block area of North Beach, the city of Miami Beach approved the voter-mandated upzoning that creates space for developers to build taller buildings and micro-units.
With the new changes, property owners are allowed to build twice as much in the Town Center area, between Indian Creek Drive, Dickens Avenue, 72nd Street, Collins Avenue, and 69th Street. Boosters expect the new zoning to help increase the economic development of the area seeing as forgotten.
Robert Finvarb, a developer, said the new zoning would allow him to build two 220-foot-tall buildings at 71st Street and Abbot Avenue focused on recent college graduates.
“At the end of the day, it’s about bringing millennials to the city because that is going to create the vibrancy that’s going to support the retail, the office, everything else,” he said. He expects to build the project in partnership with real estate developer Matis Cohen.
“You need to create a product that will attract kids who are graduating from college, starting their first jobs, and looking to find a place to raise a family,” concluded.
Other changes also approved by the city include the FAR increase for the Town Center to 3.5, previously, the FAR ranged between 1.25 and 2.5; the commission also agreed to change the code to concede constructions up to 220 feet in height on bigger lots north of 71st Street, following approval by design review board.
Developers also have 21 months from the date of approval to acquire building permits to avoid a charge of $3 per square foot to build over 125 feet. Plus, the new zoning allows them to create small hotel rooms and apartment units to support market-rate affordable units.