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Multifamily

Jan 9, 2024

Lali II's 300-Unit Housing Project Gets Green Light in Princeton, FL

Lali II, a prominent developer, is back in the spotlight with an intriguing proposal for SW 236th Street and SW 132nd Avenue in Princeton, FL.

Lali II's 300-Unit Housing Project Gets Green Light in Princeton, FL
Traded Media
Traded Media

Traded Editorial

2 min read

Lali II, a prominent developer, is back in the spotlight with an intriguing proposal for SW 236th Street and SW 132nd Avenue in Princeton, FL. After a previous attempt to rezone a 10.6-acre avocado farm for industrial and office purposes, the developer has now set sights on a residential venture. The latest pre-application submitted to Miami-Dade County hints at a bold move towards a 300-unit development.

From Avocado Farm to Residential Hub: The Evolution of Lali II's Vision

In 2019, Lali II stirred speculation by rezoning an avocado farm, but no substantial development emerged. Fast forward to today, and the developer is seeking a rezoning to "median density residential." The proposed project envisions a cluster of one to three-bedroom units distributed across six three-story buildings, demanding over 285,000 square feet of new construction. This marks a strategic shift, breathing new life into an erstwhile dormant piece of land.

Affordability and Ample Parking: Key Components of the Blueprint

In a nod to the community's needs, Lali II's plan allocates 10% of the homes (30 units) for affordable housing. Against the backdrop of Miami's $54,885 average median income, this inclusion addresses a pressing concern. Furthermore, the South Florida Business Journal discloses that alongside the 300 residences, the development calls for 507 parking spaces. Impressively, this translates to approximately 1.6 parking spots per unit, ensuring practicality for residents and visitors alike.

DTI Associates Takes the Architectural Helm

Leading the architectural charge is DTI Associates, a Miami Lakes-based firm. Although not officially confirmed, sources suggest that this project is currently the firm's sole active venture. The design and execution of the 300-unit complex will undoubtedly carry the distinctive imprint of DTI Associates, adding an extra layer of anticipation to the unfolding narrative.

Prospects for Princeton, FL: The Potential Impact of Lali II's Vision

If approved, the 300-unit residential complex will find its home at SW 236th Street and SW 132nd Avenue, injecting vitality into Princeton, FL. With the promise of diversity in housing options, affordability, and ample parking, Lali II's proposal is poised to reshape the landscape of this Miami-Dade County locale. The community awaits the final verdict, contemplating the prospect of a vibrant new chapter in its architectural evolution.

#Florida#Multifamily
Published: Jan 9, 2024Last updated: January 10, 2024