Real estate agents are calling the $1 million real estate property that will be installed in the new Miami Beach condos a “win-win” for Miami-Dade County, but they’re worried it’s not a win-win for the residents of the surrounding neighborhoods.
In September, the Miami-Boca Raton Regional Planning Commission voted to include the $5 million project in a master plan for the surrounding area.
But that didn’t stop some from calling the project a win for Miami’s neighborhood, as the condo tower will be built in the heart of the area.
The project, dubbed the City Place, is expected to be completed in 2021, and will include a restaurant, shopping and entertainment district, as well as apartments, townhouses and a restaurant-as-a-grocery store.
But it’s also being criticized for its size, and its impact on the surrounding community.
“This is a $10 billion project, and I don’t know if it will be good for the people living there,” said Mike Hochberg, a real estate agent who’s been working on the project.
“But it’s a win to be able to have a large condominium tower that is going to have all the amenities that they want and will provide a lot of affordable housing.”
Hochberg and other real estate professionals are worried that a condo tower built on the site of a popular shopping area will make the area unlivable, as it will add more parking, increased traffic and an un-inviting sight line. “
That will have so much height, that it will take up the entire street in the neighborhood.”
Hochberg and other real estate professionals are worried that a condo tower built on the site of a popular shopping area will make the area unlivable, as it will add more parking, increased traffic and an un-inviting sight line.
The developers of the project also argue that the condominium will be affordable.
But the Miami Beach City Council has already said it would oppose the project, calling it “unrealistic.”
The council voted to move forward with the project after hearing community concerns, including concerns that the tower could cause congestion in the area and would affect the city’s planned $50 million light rail transit project.
The Miami Beach condo tower is being built in conjunction with developers from New York, New Jersey, Florida, California, Illinois and Nevada.
It is expected that it’s going to add more than 300 units of condominiums, and at least 150,000 square feet of retail space.
In addition to the tower, the developers are building a hotel and apartments.