IN THE NEWS

Groundbreaking Expected Next Year For 5,700 Unit Project With New Tri-Rail Station
Alexander Swerdlow Alexander Swerdlow

Groundbreaking Expected Next Year For 5,700 Unit Project With New Tri-Rail Station

Groundbreaking “should come next year” for a massive project in Little River, its developer told the Herald last week. The plans include a new Tri-Rail station, which will be financed through the creation of a new taxing district encompassing the development area. Other infrastructure improvements will also be financed through the taxing district. There will be over 5,700 residential units, with 2,000 workforce condos. The plans include 2,284 rental apartments for low and very low income residents. The plan also includes main street shopping, big box stores, and parks and public spaces.

Read More
Residences at Sawyers Walk addresses critical need for affordable senior housing in Miami
Alexander Swerdlow Alexander Swerdlow

Residences at Sawyers Walk addresses critical need for affordable senior housing in Miami

The Residences at Sawyer’s Walk are part of a new mixed-use development that serves as an example of how dense and creative projects can address critical needs in underserved areas across South Florida. The 1.5 million-square-foot, mixed-use project opened last year and includes 578 units for low-income seniors, 175,000 square feet of fully leased retail space, an office component of around 130,000 square feet and a 25,000-square-foot plaza occupying an entire city block.

Read More
Global shipping company makes major downtown Miami investment for new headquarters
Alexander Swerdlow Alexander Swerdlow

Global shipping company makes major downtown Miami investment for new headquarters

MSC Group invested more than $100 million in downtown Miami for its new North American headquarters, creating nearly 500 jobs. The Switzerland-based global logistics and shipping company bought 130,000 square feet of office space at Block 55 at Sawyer’s Walk last year for $67 million. MSC Group is spending $40 million to build out the space and get it ready to house the company's North American headquarters. Employees from three of the company's divisions — MSC Cargo, MSC Cruises and Explora Journeys — will work at the firm's new U.S. headquarters.

Read More
Now with More Affordable Housing, Massive Makeover Plan for Little River Nears Approval
Aisha Ameir Aisha Ameir

Now with More Affordable Housing, Massive Makeover Plan for Little River Nears Approval

It was already one of the biggest redevelopment proposals in Miami-Dade history, a $3 billion plan aiming to remake a broad swath of Miami’s Little River-Little Haiti neighborhood with an intensive focus on affordable housing, transit, and jobs. Now, as it heads toward likely approval from the County Commission, it’s only gotten larger in scope and ambition.

Read More
Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units
Alexander Swerdlow Alexander Swerdlow

Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units

Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow Group’s project also will include 370,000 square feet of commercial space such as offices and a school; 250,000 square feet of open space and amenities and a new Tri-Rail passenger train station, according to Miami-Dade records. 

Read More
High-End Developers Answering Affordability's Call In Miami
Alexander Swerdlow Alexander Swerdlow

High-End Developers Answering Affordability's Call In Miami

Michael Swerdlow, managing partner of SG Holdings, is among developers taking a fresh approach to affordable housing in and near the Magic City. He has called the shortage in Miami-Dade County "the largest affordability crisis in the nation," one that has displaced some senior citizens, who are struggling against homelessness. "I don't like seeing people living in deplorable conditions, so I wanted to provide affordable housing that doesn't sacrifice quality," he says of Miami's Sawyer's Walk.

Read More
Massive Miami makeover? 5,000 affordable apartments proposed for aging industrial area
Alexander Swerdlow Alexander Swerdlow

Massive Miami makeover? 5,000 affordable apartments proposed for aging industrial area

A gargantuan redevelopment proposal by a prominent Miami developer would dramatically reshape a nearly mile-long stretch of the city’s Little River and Little Haiti neighborhoods, bringing big-box stores, a new Tri-Rail station and nearly 5,000 affordable and workforce apartments to a hardscrabble area in dire need of new housing and jobs but leery of gentrification. Unlike much of the redevelopment now enveloping Miami, which is focused on high-income people and luxury apartments, the plan spearheaded by Coconut Grove-based developer Swerdlow Group is aimed squarely at low-income and middle-class Miamians who are now finding it increasingly unaffordable to live in the city, especially in the urban core.

Read More
Sawyer’s walk to open stores in miami’s overtown
Alexander Swerdlow Alexander Swerdlow

Sawyer’s walk to open stores in miami’s overtown

Sawyer’s Walk, the largest mixed-use development in Miami’s historic community of Overtown, has announced the delivery of the retail component with a new Target that just opened and other major retailers set to open over the coming weeks and months, including a Burlington, Five Below, Aldi super-market, and Ross Dress for Less, which will serve the immediate community and surrounding neighborhoods.

Read More
Target, Aldi and other stores just made debut in downtown Miami area. And there’s more
Alexander Swerdlow Alexander Swerdlow

Target, Aldi and other stores just made debut in downtown Miami area. And there’s more

The downtown Miami area now has its first Target store. The big-box retailer, along with other stores, opened in October at Sawyer’s Walk, a new shopping and affordable apartment complex in Overtown. Burlington, Five Below and an Aldi supermarket also opened in October and November. Ross Dress for Less should be ready for customers by March. “The new stores are already performing very well, with Target being ahead of what it projected,” Michael Swerdlow, the project’s developer, said in a statement to the Miami Herald.

Read More
Mixed-Use Development Sawyer’s Walk Set to Open Retail Stores, Ushering in a New Era of Retail in Miami’s Overtown Neighborhood
Alexander Swerdlow Alexander Swerdlow

Mixed-Use Development Sawyer’s Walk Set to Open Retail Stores, Ushering in a New Era of Retail in Miami’s Overtown Neighborhood

Sawyer’s Walk, the largest mixed-use development in the historic community of Overtown, announces the delivery of the retail component with a brand new Target that just opened and other major retailers set to open over the coming weeks and months, including a Burlington, Five Below, Aldi supermarket, and Ross Dress for Less, which will serve the immediate Overtown community and surrounding neighborhoods.

Read More
Target Is Now Open In Downtown Miami
Alexander Swerdlow Alexander Swerdlow

Target Is Now Open In Downtown Miami

Target has opened its store at a new retail complex in downtown Miami near the Brightline station. The new 50,000-square-foot Target is part of the 1.5 million Sawyer’s Walk development in Overtown, which includes multiple levels of retail, office, and residential.

Read More
Lease roundup: Aldi, Ross Dress for Less on tap at Swerdlow’s Overtown project…
Alexander Swerdlow Alexander Swerdlow

Lease roundup: Aldi, Ross Dress for Less on tap at Swerdlow’s Overtown project…

Retailers are starting to open at developer Michael Swerdlow’s Sawyer’s Walk project in Miami’s Overtown. Already open are Target’s 50,000-square-foot store and Burlington’s 38,000-square-foot store, according to the developers’ news release. Next, Aldi will open in a 25,000-square-foot space and Five Below in a 10,000-square-foot space. In March, Ross Dress for Less will open a 26,000-square-foot store. 

Read More
Developer Planning 7,500 Units In Little River, Will Build New Tri-Rail Station
Alexander Swerdlow Alexander Swerdlow

Developer Planning 7,500 Units In Little River, Will Build New Tri-Rail Station

Swerdlow Group is advancing plans for a massive project in Little River. The development will include approximately 7,500 residential units, with a mix of affordable, workforce and market-rate housing. The Little River development will also have 602,562 square feet of retail space, and 205,076 square feet of outdoor green space open to the public.

Read More
Developers complete residential component for Sawyer’s Walk at 249 NW 6th Street in Overtown, Miami
Alexander Swerdlow Alexander Swerdlow

Developers complete residential component for Sawyer’s Walk at 249 NW 6th Street in Overtown, Miami

SG Holdings, a partnership among Swerdlow Group, SJM Partners, and Alben Duffie, has completed the housing component of Sawyer’s Walk at 249 Northwest 6th Street in Overtown, marking it as the largest affordable senior living community in the US within the last decade. The mixed-use development includes 1.5 million square feet of space, featuring 578 residential units for low-income seniors, 175,000 square feet for retailers, a 25,000-square-foot public plaza, and 130,000 square feet of office space for MSC Group’s North American cruise division headquarters.

Read More