Miami’s Midtown is set to undergo a significant transformation with the recent approval of a $2 billion master-planned mixed-use development. This ambitious project, spanning five acres, promises to redefine urban living by integrating residential, office, and retail spaces with expansive green areas and walkable plazas. The development aims to create a vibrant social hub, seamlessly connecting the Design District, Midtown, and Wynwood.
Key Takeaways
- A $2 billion, 5-acre mixed-use development in Miami’s Midtown has been approved.
- The project includes 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 development is envisioned as a landmark destination for culture, wellness, and community.
A New Era for Midtown
The Midtown Park project, a collaboration between Rosso Development, Midtown Development, and Proper Hospitality, is poised to become Miami’s most significant mixed-use redevelopment. The master plan encompasses 924 residential units, 60,000 square feet of office space, and more than 120,000 square feet of retail buildings. These commercial spaces will be anchored by inviting, walkable plazas, fostering a dynamic community atmosphere.
Midtown Park Residences by Proper
The first component of this expansive project, the Midtown Park Residences by Proper, is scheduled for completion in 2028. This 28-story tower will offer 288 studio, one-, two-, and three-bedroom residences, with prices starting at $600,000. Additionally, the building will feature a collection of penthouses, rooftop gardens, and multiple swimming pools, catering to a luxury urban lifestyle. Sales for these residences have already commenced, with Fortune Development Sales exclusively representing the offerings.
Vision for Urban Enhancement
Carlos Rosso, Founder and CEO of Rosso Development, expressed enthusiasm for the project’s potential. "This is Miami’s most significant mixed-use redevelopment and will transform the future of urban living in the area," he stated. The vision is to create a landmark destination that harmonizes culture, wellness, and open green spaces, thereby enhancing Midtown’s existing walkable character. The development aims to revitalize a long-vacant five-acre site, transforming it into a lively social center that bridges the Design District, Midtown, and Wynwood.