$2B Midtown Miami Project Unveiled by Proper, Rosso & Midtown Development

Key Points:

• $2 billion development to transform a 5-acre vacant lot in Midtown Miami.​

• Six-tower project includes four residential towers and two office buildings.​

• First phase: 28-story luxury condo with 288 units, priced up to $2.7 million.​

A long-vacant lot in Midtown Miami is set for a major transformation. Proper Hospitality, Rosso Development, and Midtown Development have unveiled plans for a $2 billion mixed-use project featuring six towers, aiming to revitalize the area and enhance connectivity between key neighborhoods. This article delves into the project's scope, the developers involved, and its potential impact on Midtown Miami's real estate landscape.

Project Overview:

The ambitious development is slated for a nearly 5-acre site at 3055 North Miami Avenue, one of the largest undeveloped parcels in Midtown Miami. The project encompasses:​

• Four Residential Towers: Offering a range of luxury living options.​

• Two Office Buildings: Designed to attract businesses and boost the local economy.​

• Over 120,000 Square Feet of Retail Space: Featuring gourmet restaurants, cafes, and designer shops.

• Public Amenities: Including two public parks, pedestrian paseos, and an 8-court racquet and padel club.​

First Phase Details:

The initial phase focuses on constructing a 28-story luxury condominium tower, Midtown Park Residences by Proper, comprising 288 units. Unit prices range from the low $700,000s to $2.7 million, excluding penthouses. The building offers various layouts, from studios to three-bedroom configurations, with sizes between 510 and 1,730 square feet. Penthouses average 3,150 square feet and feature private rooftop terraces with gardens and pools. Construction is expected to begin in about a year, with completion targeted for 2028. 

Developers and Design Team:

The project is a collaboration between Proper Hospitality, Rosso Development, and Midtown Development. Proper Hospitality is expanding its residential portfolio following the success of Austin Proper Residences. Carlos Rosso, founder of Rosso Development, emphasized the project's focus on creating a pedestrian-friendly environment with ample public spaces. The design team includes renowned firms such as Arquitectonica, Meyer Davis Studio, and Naturalficial, ensuring a blend of innovative architecture and interior design. 

Market Implications:

This development reflects a growing trend of large-scale, mixed-use projects in Miami, aiming to create self-sustaining communities that offer residential, commercial, and recreational spaces. For real estate investors, the project's scale and strategic location present significant opportunities. The inclusion of luxury residences and high-end retail is likely to attract affluent buyers and tenants, potentially driving up property values in the surrounding areas. Moreover, the project's emphasis on public amenities and connectivity may enhance the overall appeal of Midtown Miami as a desirable place to live and work.​

Raising Midtown Miami's Profile:

Midtown Park Residences by Proper marks a bold step forward in the evolution of Midtown Miami. Surrounded by a surge of high-profile developments, from mixed-use towers to upscale retail and dining destinations, this project offers a unique fusion of luxury living and thoughtful, community-driven design. With nearby projects like The Standard Residences and Wynwood Plaza reshaping the skyline, and ongoing infrastructure improvements enhancing walkability and connectivity, Midtown Park Residences is perfectly positioned for those looking to invest in a neighborhood on the rise. For real estate investors and landlords, it signals not just growth—but long-term value in one of Miami’s fastest-developing corridors.