The Magic City Innovation District Special Area Plan was approved by Miami’s city commission at a meeting last week.
To obtain approval, developers have agreed to a $31 million aid package towards a trust that would benefit the neighborhood, which was recently renamed “Little Haiti” after the impoverished Caribbean country. Details of those payments still need to be decided on, according to the Herald.
Six city blocks will be redeveloped into a walkable, transit-oriented campus with a stop on the Brightline tracks.
A total of 17 buildings are planned, with the tallest reaching 24 stories.
The development is proposed to include:
- 2,630 residential units
- 1,987,686 square feet of office
- 101,669 of expo space
- 432 hotel rooms
- 344,538 square feet of retail
- 6,081 parking spaces in garages