H
elm Equities, an affiliate of New York-based JEMB Realty, is moving forward with a $500 million mixed-use project in Miami's Design District. The development will utilize the state's Live Local Act, which incentivizes workforce housing. The two-building project will feature 162 branded condos, 116 rental apartments, 80,000 square feet of office space, and 45,000 square feet of retail space.

    The residential units will be located in a 36-story tower, while offices and retail will occupy a six-story building. A courtyard connecting the two structures and approximately 600 on-site parking spaces are also planned. The project's design is being handled by Cube3, with architect Jon Cardello noting that Live Local allows for a denser development than would be possible under Miami's zoning code.

    Under the Live Local Act, 40% of the residential units must be set aside for residents earning up to 120% of area median income. The condo and apartment tower will include amenities such as pools, a gym, and restaurants. Construction is expected to begin in late 2025, with completion two and a half years later.

    The project site at 4201 Northeast Second Avenue has been owned by Helm Equities since 2014, when it was purchased for $12.5 million. The Gindhi family is a limited partner in the development, which Horovits describes as a "gem" that offers both energy and calmness.