7350 Coral Way Prop. Co, led by Russel Galbut of GFO Investments and Dr. Jorge E. Perez of KIDZ Medical Services, has officially unveiled renderings for one of the biggest Live Local projects in Miami-Dade. The large development, coined Park Residences, was originally submitted to Miami-Dade staff in early 2025 and featured a mixed-use project containing retail, medical office space, and a residential tower. Since then, while plans have changed very little, renderings have been released showcasing more of the development’s design by the project’s architect: Anillo Toledo Lopez.
Located at 7350 Coral Way, the mostly vacant property is planned to feature 410 residential units, about 90,000 SF of net leasable office space, 7,000 SF of retail, and 950 parking spaces: unchanged from last submission. Under the Live Local Act, which encourages higher density in return for providing workforce housing, 40% of the units will be set aside as workforce housing. This translates to 246 market rate units and 164 workforce units.
Workforce housing units, as per the Live Local Act, are defined as units priced for households earning up to 120% of the Area Median Income. As noted by Bilzin Sumberg, Live Local projects in Miami-Dade County are permitted to price studio units at a maximum of $2,604 and one-bedroom units up to $2,788 as of 2025.
The residential tower is planned to rise 19 stories, while the medical office building will reach 7 stories. New renderings reveal a pedestrian walkway connecting the tower’s podium to the standalone office structure. Likewise, earlier massing studies didn’t fully reflect the office building’s design, but the latest photos outline a sleek, mostly glass facade that will complement Coral Way.
According to the project’s letter of intent, the medical office component will focus on pediatric care, aligning with Dr. Jorge E. Perez’s background with KIDZ Medical Services. Although construction permits and final approvals are yet to come about, the expertise behind 7350 Coral Way Prop. Co suggests the development is likely to proceed fairly smoothly.