Arch Creek Equities, affiliated with PACE Equity, is planning a new multifamily development on a recently acquired 2.5-acre assemblage at 2056 NE 140th Street. Situated at the edge of North Miami Beach, the site lies in a rapidly evolving area overseeing a wave of new multifamily proposals, thanks in part to the upcoming Northeast Corridor rail line and relaxed zoning regulations. Designed by Cohen Freedman Encinosa & Associates, the project is aiming to deliver 293 residential units, split between studio, 1 bedroom, 1 bedroom + den, and 2 bedroom units. The minimum unit size is 550 SF, although most of the building will be composed of 1 bedroom and 2 bedroom units rather than studios.
Unlike many recent multifamily proposals in South Florida, this project will not use the newly enacted Live Local Act nor apply for a Special Area Plan. Instead, the developer is requesting one variance and a few minor exceptions to existing zoning rules.
For example, while current zoning allows buildings up to 8 stories or 110 FT, this project would rise to 10 stories and 121 feet: slightly taller than what’s normally allowed. The developer is also seeking exceptions to design rules, such as the requirement that residential units must completely wrap the parking garage. Because the site is relatively narrow and the garage faces a dead end street, the NMB Community Development Director has granted an exception for the design.
On the ground floor, the developer has decided not to include any retail space on the, opting instead for street-facing residential units. Improvements will also be made to the pedestrian environment, with existing sidewalks and landscaping, originally designed for single-family homes and low-rise apartments, being upgraded to wider sidewalks to enhance pedestrian safety and accommodate for higher foot traffic. Since no retail is planned, no on-street parking will be provided; instead, all 419 parking spaces will be located within the parking garage for residents.
Although planning staff has recommended the project for approval ahead of the Planning and Zoning Board meeting on June 9th, it must still receive final approval from the Mayor and City Commission. If approved, demolition on the site is expected to begin shortly after.