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Billion-Dollar Magic City Innovation District
about 1 year ago



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The Miami City Commission will vote this Thursday on a billion dollar real estate development located in Little Haiti. The little Haiti neighborhood project, which will be headquartered at 6001 NE Second Avenue, is a massive development projected to last between 10 and 15 years to be completed. According to the people who are promoting it, it is expected to create Little Haiti a global destination for travelers and artists and tech companies.


The city commissioners will be voting on the first round of approvals for the plan on Sept. 27. If it passes the project will need an additional approval on a different time.


The Magic City Miami is the latest -- and possibly the most radical real estate development being planned for Miami's urban corridor east of I-95. It is comprised of 17 acres of residential, commercial offices research, entertainment, and other areas. It will include everything, from commercial to residential to parks and offices to the train station, which is tourist attractions which the Cirque du Soleil founder designed. This project is the latest in a string of large-scale developments that have taken place in Brickell as well as Wynwood. They have made Miami transform into an international hub, while also increasing its affordability and income gap.


The Magic City Innovation District developers insist that they are trying to save and help one of Miami's most impoverished neighborhoods, not to substitute for it.


"The whole Magic City Innovation District only covers 1 and a half percent of all of Little Haiti," said Neil Fairman, chairman of Plaza Equity Partners, one of the three Miami-based firms behind the initiative. It's not going to take up 10, 20 percent. It could be able to activate vast swaths of the region and create jobs to people. It could be the engine pulling the Little Haiti train. The social fabric of the community is solid. The intention is not to eradicate this culture. The idea is to enhance the cultural value."




The Magic City Innovation District stretches across Northeast Second Avenue east through Northeast Fourth Court/Florida Eastern Coast Railway, Northeast 63rd Street south and Northeast 60th Street. The development spans seven blocks of the city . It will eventually consist of:


2,630 housing units comprising 14 percent designated as workforce housing and 7 percent being affordable housing. The tallest structure rising to 25 stories.

# 432 hotel rooms;


2. Million square feet of office space and more than 340,000 square feet of retail;


# 5,690 Garage Parking Spaces


4. Acres of open space including a pop-up park that features Interactive multimedia displays.


"We are determined to help the economic vitality of the region and to enhance the local community while also honoring the rich culture of Little Haiti. The idea is to collaborate and share a common sense of the project. Magic City Innovation District is an unifying project which has launched a variety of initiatives to make it inclusive and accessible to everyone.



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