Miami’s Urban Development Review Board has given the green light to a significant $2 billion master plan for a new five-acre mixed-use development in Midtown Miami, poised to redefine urban living in the area. The project, named Midtown Park, will be situated near Wynwood and is set to break ground in two phases.
Key Takeaways
- A $2 billion master plan for a new five-acre mixed-use development, Midtown Park, has been approved for Midtown Miami.
- The development will feature residential units, office space, retail, and recreational facilities.
- Sales have already commenced for one of the residential towers.
Midtown Park Development Details
Midtown Park will introduce a substantial new community to the southwest corner of Midtown Miami. The development is slated to include two 28-story towers, two 17-story towers, and a low-rise retail structure. In total, the project will offer 924 residential units, 60,000 square feet of office space, and over 120,000 square feet of designer retail. The design emphasizes pedestrian-oriented streetscapes and will be anchored by two major public plazas.
Residential and Recreational Offerings
Sales are already underway for one of the 28-story towers, known as Midtown Park Residences by Proper. This tower alone will feature 288 Proper-branded residences. Additionally, the development will include a racquet and padel club with eight courts, operated by Ultra Padel, adding a unique recreational amenity to the neighborhood.
Developer Vision
The ambitious project is a collaboration between Rosso Development, Midtown Development, and Proper Hospitality. Carlos Rosso, Founder & CEO of Rosso Development, expressed his enthusiasm, stating, “This is Miami’s most significant mixed-use redevelopment and will transform the future of urban living in the area.” The development aims to create a vibrant and integrated urban environment for residents and visitors alike.