Real Estate News

Mixed-use project planned for Miami’s Buena Vista

A rendering of the planned Upper Buena Vista project.
A rendering of the planned Upper Buena Vista project. BVM Development

Buena Vista, a leafy residential neighborhood in Miami, will be the site of a low-rise 60,000-square-foot mixed-use project.

Developer Michal Aviv, who is based in Israel, plans to build out a .85-acre lot she bought last year for $1.25 million into a mixed-use center with a restaurant, boutique hotel, wellness center, several small shops and residential component. The project will be called Upper Buena Vista.

“We want to be the bohemian brother or sister to the Design District,” said Aviv, who has submitted a master plan to the city of Miami zoning department.

More luxury shops and restaurants are moving into the Design District, and developers in neighboring areas are trying to piggyback on its growth.

Aviv’s lot, at 184 NE 50th Terr., Miami, lies just south of the Miami Jewish Home & Hospital for the Aged, a nursing home and rehabilitation center, and to the west of Archbishop Curley-Notre Dame High School.

The first phase involves remodeling an existing two-story commercial building into a restaurant and rooftop bar by the summer of 2016. The second phase, set to finish in early 2018, will include three new three-story buildings with a mix of retail tenants, a bed-and-breakfast, studios for artists and photographers and a spa, in addition to seven small residential cottages that the developer will rent out.

The project includes a 33-space parking lot and eight street spaces.

This is Aviv’s first development in Miami. She’s also worked in Tel Aviv, London and Paris.