M
onceau Real Estate, a Bay Harbor Islands-based firm led by siblings Adrien, Julien, and Sarah Haccoun, is moving forward with two apartment projects in south Miami-Dade County under the Live Local Act. The first project, proposed for Naranja, involves building a four-story structure on 2.9 acres at 26710 Southwest 144th Avenue, featuring 180 parking spaces and 120 units, including 60 one-bedroom and 60 two-bedroom apartments.
In Goulds, Monceau plans to develop a seven-story building on a 5.3-acre site south of the Black Creek Canal, with a 336-space parking lot and 252 units, consisting of 120 one-bedroom and 132 two-bedroom apartments. The firm is partnering with SixPine and the Zibi family on this project.
The Live Local Act incentivizes developers to include affordable housing in their projects by allowing taller buildings with more units than permitted under zoning regulations. Monceau aims to take advantage of the law's 75% tax exemption provision, which will help offset development costs. The firm's goal is to deliver as many workforce housing units in Miami-Dade County as possible, given the high demand and lack of below-market rate rentals.
Monceau has also filed plans for a four-story, 90-unit building in Goulds at Southwest 216th Street and Southwest 119th Avenue. Other developers have been active in south Miami-Dade, with projects including Bluenest Development's 219-townhouse plan on a 20-acre site in Homestead and Lennar's 105 single-family home project on a 38.2-acre site in Homestead.
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