Miami-Dade County commissioners approved on March 19 several real estate measures, including a preliminary step for a taxing district to fund infrastructure at Miami Freedom Park and plans for new residential developments in south Miami-Dade.
The decisions are expected to support the growth of affordable housing and large-scale mixed-use projects in the area. The approval of these items signals ongoing efforts by local officials to address both housing needs and major development initiatives.
Developers of Miami Freedom Park received initial approval to create a Community Development District (CDD) that would finance $129.5 million in infrastructure improvements such as roads, water management systems, and landscaping. CDDs are commonly used for large developments, allowing quasi-governmental agencies to issue bonds repaid through special assessments. The project is led by Jorge and José Mas along with David Beckham, and will feature a 25,000-seat stadium for Inter Miami CF, retail space, offices, dining areas, a hotel with 750 rooms, and a 58-acre park. The stadium is expected to be completed this year. Commissioners passed the ordinance on first reading; a public hearing and second vote are scheduled for April 21.
In addition to the stadium project, Atlantic Pacific Companies plans to build 101 affordable and workforce apartments in West Perrine as part of the Rental Assistance Demonstration (RAD) program. This marks the third phase of redevelopment at Perrine Gardens and Perrine Village public housing complexes. The county will lease the site to Atlantic Pacific under a 99-year term in exchange for $17 million through various payments. Of the planned units, half will replace existing public housing apartments while others will serve households earning between 30 percent and 140 percent of area median income. Amenities will include a computer lab, gym, game room, art installations, and open spaces.
Lennar also received approval for an over-200-unit residential project called Breezewood in Princeton. The platting process formalized boundaries for condos and villas on an 18.5-acre parcel owned by TPG Angelo Gordon until Lennar is ready to build. Sales have begun with prices ranging from $485,000 to $528,000.
These approvals reflect continued investment in both affordable housing solutions and major commercial developments across Miami-Dade County.
