Cymbal Development is proposing a new mixed-used tower in Miami’s Midtown neighborhood designed by Arquitectonica. Like many other developments, the property is planning to utilize Florida’s recently passed Live Local Act, which allows sites to have added density, height, and parking reductions if 40% of the units remain affordable for 3 decades. According to the site plan, the development will include 598 units, although 1,357 units are permitted. 239 units will be affordable (120% AMI) and 359 will be market rate. All affordable units will be studio apartments ranging from 420 SF to around 470 SF. Also included is 18,108 SF of retail space and 4,547 SF of office space.
Miami 21 code mandates that the development has to provide 815 parking spaces. Nevertheless, the developer has the option to request a waiver for a 30% reduction, which would bring the required number down to 570 spaces. They plan to use only part of this waiver, leading to 654 spaces instead. This exceeds the suggested 1:1 ratio between units and parking needed to ensure sustainable development in Miami. The developer is proposing 3 waivers in total, the parking reduction waiver is not part of that.
Site plan drawings reveal adequate pedestrian activation such as units lined along the podium, a more than 20 FT sidewalk, greenery, and outdoor seating. Elevations indicate the tower to be 35 floors or 400 FT to the elevator, making it the tallest tower if built in Midtown.
The property is located at 3466 N Miami Avenue. It’s well within multiple bus stops and the awaited Northeast Corridor rail project.
