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Miami Beach Considers Affordable Housing


June 2, 2017

To say that finding a parking spot in Miami Beach is tricky is an understatement. Parking garages are a common sight on the barrier island but if city officials have their way, some of these may transition from garages into affordable housing.

As a way of tackling the lack of affordable housing in Miami Beach, city commissioners are considering a conversion that would turn the garages into workforce housing. In fact, a resolution was passed earlier this year mandating that housing be considered for all new garages. As officials consider retrofitting existing garages, they are setting their sights on a trio of options: the 17th Street garage, the one at 12th Street and Drexel Avenue, and the one on 13th Street and Collins Avenue. These garages were singled out because of their ability to accommodate elevators and other needs such as common areas.

For those concerned about having less parking, the plan would be to add additional floors on top of the garages so as not to affect parking. To accommodate these extra floors, the structures would require more strengthening.

Considering rent can cost as much as $2,300 for a one bedroom residence, the presence of affordable could go a long way.

This update is presented by the Miami Beach real estate team representing Blackstone International Realty, specializing in the Continuum in South Beach. If you are interested in Miami Beach condos such as the Continuum South Tower for sale, call the Continuum experts at 305-588-2451 for information on sales and rentals.