Shoma Group Proposes 404-Unit Rental Tower in Kendall Amid Live Local Act Surge
Amid the surge in project proposals under the Live Local Act, Shoma Group has announced plans for a significant development in Kendall. The Coral Gables-based firm, headed by Masoud and Stephanie Shojaee, seeks to construct a 31-story residential tower featuring workforce housing.
Project Overview
- Location: 9525 North Kendall Drive, unincorporated Miami-Dade County.
- Details: 404 residential units, 140,000 square feet of commercial space.
- Workforce Housing: At least 162 units to be priced for workforce housing.
Development Specifics The proposed tower will feature:
- 89 studios
- 121 one-bedroom apartments
- 157 two-bedroom apartments
- 37 three-bedroom units
Shoma Group aims to develop on a 1.9-acre site currently holding three two-story buildings, including a sports bar and offices. The ownership of the site is under an entity led by Jeffrey Fiorentino and Brian Bell.
Live Local Act Impact The Live Local Act, enacted last year, incentivizes developers to build larger projects with the provision of affordable housing. Shoma’s project adheres to these guidelines, which stipulate at least 40% of units must be designated for households earning no more than 120% of the area median income.
Pre-Application Stage Shoma Group has filed for a pre-application meeting with Miami-Dade County staff. This step is preliminary and intended to gather feedback before submitting official proposals.
Shoma Group’s new project in Kendall reflects the growing trend of leveraging the Live Local Act to develop substantial housing projects. As proposals proliferate, Shoma’s 404-unit tower aims to contribute significantly to workforce housing in Miami-Dade County.
Source Lidia Dinkova, The Real Deal
