sunset on miami skyline_climate change_canstockphoto111047164-2 1030x385

Developers are offloading parcels for mixed-use, condo, townhome and multifamily projects, as some struggle to land equity investors or bank financing.

Overtown's Block 19

The new development will include both market-rate and workforce housing apartments, along with parking facilities for residents and visitors.

workforce housing proposed in Miami’s Little River and Little Haiti neighborhoods 2 1030x385

Unlike much of the redevelopment now enveloping Miami, 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.

The loan marked a new record for a single tower, residential construction loan.

848 Brickell 1030x385

Plans for the Class A tower include 750,000 square feet of creative offices, structured parking for 1,000 vehicles and 7,500 square feet of ground-level retail space.