CLIENT NEWS: Developer proposes 2,200-unit multi-tower project in North Miami
July 11, 2024Redwood Dev Co is proposing a massive mixed-use development in North Miami.
The phased project calls for 2,193 residential units, 121,500 square feet of commercial space and more than 4,100 parking spaces across eight 18-story buildings, plans filed with the city show. Kobi Karp Architecture & Interior Design is designing the project, which is proposed for nearly 39 acres of city-owned land that includes Claude Pepper Park and adjacent land.
The North Miami City Council will review a resolution to approve or reject the master development site plan at its meeting Tuesday evening. Redwood CP Dev LLC is the applicant.
The company is a partnership between Miami-based real estate private equity firm BAS Holdings Investments, and Aventura-based lender and real estate investor Winston Capital Partners. Redwood is led by Brian Sidman, founder of BAS, and by David Burstyn, founder of Winston Capital.
As part of the project, the developer would expand the Joe Celestin community center to include new classrooms, a computer lab, kitchen, gym, event terrace and banquet space. The joint venture would also revamp the park, adding a new concession building, amphitheater, community pool with a splash area, sports fields, basketball and paddle courts, and an exercise trail, according to the application.
The project would be built on the park and community center at 1255 and 1525 Northwest 135th Street, and adjacent undeveloped land.
North Miami issued a request for proposals in August 2022 and Redwood CP Dev submitted a response that November.
A number of large-scale mixed-use projects with thousands of housing units have been proposed across South Florida in recent months. The majority of those applications are for Live Local Act developments, which include designated workforce housing under a new state law that provides developers with height, density, parking and tax incentives.
Last month, Raanan Katz’ RK Centers submitted an application for a 1,050-unit Live Local Act complex on the site of the Sears at 3655 Southwest 22nd Street in Miami’s Coral Gate neighborhood along Coral Way.
The biggest Live Local Act project proposed so far in Miami-Dade is developer Pablo Castro’s plan for a 3,233-unit complex with six towers at 8400 Northwest 25th Avenue in West Little River.
