IN THE NEWS
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.
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.
Target, Burlington open in Miami's Sawyer's Walk, other big retailers to follow
Five Below, Aldi supermarket and Ross Dress for Less will also open at Sawyer's Walk, a mixed-use project that also includes the North American headquarters for an international cruise line.
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.
Q & A: Michael Swerdlow dishes on Overtown project and other recent deals
Coconut Grove-based developer recently completed Block 55 at Sawyer’s Walk and is planning to build nearly 6,000 affordable and workforce housing apartments in Miami.
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.
Largest US Affordable Senior Housing Project Built in Past Decade Opens in Downtown Miami
The largest U.S. affordable housing project of its kind that has been built in the past decade is now open in downtown Miami. Residents at Sawyer's Walk, located in the heart of Miami’s historically Black Overtown area, have officially started moving into the 18-story tower's 578 units for seniors. The mixed-use complex occupies an entire city block at 249 NW 6th St. and comprises 1.5 million square feet of residential, office and retail space. Sawyer's Walk includes a 25,000-square-foot linear park just behind the building that is now open.
MSC Group buys future HQ space at Michael Swerdlow’s Block 55 in Overtown
MSC Group is anchoring its new North America cruise headquarters at Michael Swerdlow’s Block 55 at Sawyer’s Walk after paying $67 million for a commercial unit at the Overtown mixed-use project.
Global MSC Group plants its US base in Miami’s Overtown
On Overtown land where the City of Miami once planned 1,050 units of affordable and mid-income housing, a global cargo firm and cruise line will invest $100 million to develop a new US headquarters, uniting its 250 South Florida employees under one roof.