The Latest Industry News...

Cornerstone Breaks Ground On Project In Miami’s West Grove With Starbucks, Aldi, Apartments

0

platform-3750-renderingCornerstone Group has broken ground on Platform 3750, a mixed-use project in the West Grove neighborhood of Miami within walking distance of the Douglas Road Metrorail Station.

The project is designed to jumpstart economic activity in the West Grove, a historically Black neighborhood with low-income levels compared to much of the city. It would also provide affordable housing amid the spike in housing costs. The developer said it would create 300 jobs.

Platform 3750 is on the 2.1-acre site at 3750 South Dixie Highway, which the developer is leasing from Miami-Dade County after winning a request for proposal (RFP) process. Cornerstone Group Partner Lenny Wolfe said it will have 191 apartments, with 78 of them affordable housing for people making up to 60% of the area median income.

The project would also have 21,000 square feet of retail fully leased to grocery Aldi and Starbucks, 14,000 square feet of office space for Cornerstone Group after it relocates its headquarters from Hollywood, 12,500 square feet for the county’s Community Action & Human Services division, 3,000 square feet for the district office of county Commissioner Raquel Regalado, and 400 parking spaces.

Wolfe said it should be completed in late 2022.

 

Click here to read more about this story.

Leave a Reply

Your email address will not be published. Required fields are marked *