20 Story Tower Proposed in North Miami.
Seventh Ave Group LLC has recently proposed a new 20-story tower in North Miami located just west of I-95. This property expands 1.11 acres over 12041 and 12065 N.W. Seventh Ave. as well last 550 and 654 N.W. 121 St.
The proposed tower, Emblem tower will be reviewed by the city's Planning Commission on April 5, 2022. According to the developer's attorney, Steven Wernick, this project would be the first major development in North Miami's new planned corridor district for the area.
Wernick also stated, “This area between Seventh Avenue and I-95 now has a hodgepodge of industrial and auto repair shops and they want to activate that area and bring in new tax revenue for the city. The city has been very positive to work with.”
The developer has owned the property since 2019 and originally purchased it for $3.23 million. There is an auto repair shop and an additional retail store currently on the site.
The estimated cost for the development is projected at $53 million. Units at Emblem Tower would range from 642 square feet to 1,010 square feet with studio to 2 bedroom floor plans.
Tower Features:
- 20 stories
- 139 apartments
- 27 studios
- 64 one-bedrooms
- 48 two bedrooms
- 9.989 square feet of commercial space
- 235 parking spaces (4 story parking garage)
- Architect: Frankel Benayoun
Amenities:
- Pool deck on top of the 4-story parking garage
- Gym
- Function room
- Bocce ball court
- Running track
- Grilling areas
- Playground
Seventh Ave Group LLC is listed as the developer but the company is an affiliate of Blue Road, a Miami-based development and investment company.
