Search
 

'New Thinking' Behind 49-Story Tower With Tiny Units

MIAMI—Micro-living in 400-square-foot units—brought to you by developer Moishe Mana — is making its way into downtown Miami.

By Natalie Dolce | nataliedolce | | Updated on July 28, 2016
200 N. Miami Ave. (Credit: Zyscovich Architects) 200 N. Miami Ave. (Credit: Zyscovich Architects)
Miami’s apartments are getting a little smaller. New York developer Moishe Mana received a green light for a project that will bring micro-living to the city’s urban core. Miami’s Urban Development Review Board, a group of South Florida architects responsible for reviewing projects over 200,000 square feet, enthusiastically backed Mana’s 49-story rental tower, his first downtown effort. According to a recent article from GlobeSt.com sister publication, ALM’s Daily Business Review, the building is slated for the northwest corner of Second Street and North Miami Avenue, and half of its 328 apartments will be no larger than 400 square feet. Labeled micro-units, the rentals are tiny in comparison to the condominium units traditionally built in Miami, which average over 1,000 square feet. “What this is really about is creating alternative choices of living for different people we know are interested in living downtown,” said Suria Yaffar, a principal at Zyscovich Architects Inc., the same company behind Mana’s sprawling project in Miami’s Wynwood neighborhood. Founder Bernard Zyscovich defines micro-units as amenitized apartments with a small square footage. Micro-living has made its way through capital cities in Europe, where the bulk of life happens outdoors rather than indoors, and Manhattan, where developers are tight for space. In Miami, it’s a cost-efficient alternative for a younger generation who want an urban home without sky-high rent. Click here to read the full article on the development and more about Miami’s 21 zoning code. Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What’s driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.    

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.