A low-density, mixed-use project will go up in Buena Vista East, a historic neighborhood south of Little Haiti that borders the luxury retail shops being built in the Design District.
The four-story building — called Buena Vista Villas — will house 10,000 square feet of retail on the ground floor, as well as 12 condo units and a rooftop terrace. Units start at $450,000 and go up to $970,000.
“This isn’t a high-rise,” said Tony Cho, president of Metro 1, which is handling sales for the project. “It respects the scale of the area and doesn’t tower over the historic homes and the residential neighborhood.”
Zoning laws in the area don’t allow for the tall condo towers that have proliferated in Miami’s urban core.
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“I think the next wave of development will be in emerging areas like Buena Vista where zoning prevents high-rises but allows for smaller, boutique projects,” Cho said.
SLH Investment Group, Groupe Terrot and UPSIDE Investments are developing the property, which is located at 4510 NE 2nd Avenue.