MIAMI | Magic City Innovation District Special Area Plan (4+ mil-sqft)

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Transit-Oriented Magic City Innovation District Submitted, Includes 2,500 Residential Units

The Magic City Innovation District Special Area Plan was submitted to the city of Miami for review last month.

According to the documents, the developers are proposing to build:

2,490 residential units
1,763,820 office square feet (net)
432 hotel rooms
313,165 retail square feet (net)
5,547 parking spaces in garages

In total, 17 buildings with the tallest at 27 stories are planned. Completion of the entire conecpt will take 10-15 years, with construction to begin in 2020, according to the project website (although existing buildings will be rehabilitated before then).

In a letter, the developer says they intend to build a Transit Oriented Development, with a stop to be built on the Brightline/Tri-Rail Coastal Link track.

Cirque Du Soleil Billionaire Guy Laliberté is listed as having a stake on an ownership statement submitted with the proposal.

Arquitectonica is the architect.

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NXT