Miami’s Midtown neighborhood is set to undergo a significant transformation with the recent city approval of Midtown Park, a sprawling $2 billion master-planned mixed-use development. This ambitious project aims to revitalize a five-acre site, creating a vibrant new hub that integrates residential, commercial, and recreational spaces.
Key Takeaways
- A $2 billion master-planned mixed-use project, Midtown Park, has been approved in Miami.
- The development will feature 924 residential units, 60,000 sq ft of office space, and over 120,000 sq ft of retail.
- The first phase, Midtown Park Residences by Proper, is slated for completion in 2028.
- The project aims to enhance Midtown’s walkable character and connect surrounding districts.
A New Era for Midtown
The comprehensive development, a collaboration between Rosso Development, Midtown Development, and Proper Hospitality, promises to redefine urban living in the area. It will encompass 924 residential units, 60,000 square feet of office space, and more than 120,000 square feet of retail, all designed around inviting, walkable plazas.
Midtown Park Residences: The First Phase
The initial building, Midtown Park Residences by Proper, is scheduled for completion by 2028. This 28-story tower will offer 288 studio, one-, two-, and three-bedroom residences, with prices starting at $600,000. The building will also boast a collection of penthouses, lush rooftop gardens, and multiple swimming pools. Sales for these units have already commenced, with Fortune Development Sales handling exclusive representation.
Vision for a Connected Community
Carlos Rosso, Founder and CEO of Rosso Development, expressed enthusiasm for the project, calling it "Miami’s most significant mixed-use redevelopment." He highlighted the vision of creating a landmark destination that merges culture, wellness, and open green spaces. The development is intended to transform a long-vacant five-acre parcel into a dynamic social center, seamlessly connecting the Design District, Midtown, and Wynwood.