New Renderings for Residential & Medical Office Residences from GFO & KIDZ Medical

Key Points

• 410-unit mixed‑use development at 7350 Coral Way includes 40% workforce housing under Live Local Act

• 90,000 SF medical office space led by Dr. Jorge E. Perez of KIDZ Medical, with a sleek glass design by Anillo Toledo Lopez

• 19‑story residential tower + 7‑story office, 7K SF retail, and 950 parking spots — striking a balance of density and mixed-use value

Park Residences, a major Live Local Act project in unincorporated Miami‑Dade, has debuted new renderings showcasing its modern design and community-first functionality. Developed by Russel Galbut’s GFO Investments and Dr. Jorge E. Perez (KIDZ Medical), the project positions itself as a leading model for workforce housing integrated with medical and retail services. 

Project Profile & Vision

• Developers: GFO Investments (Russel Galbut) and Dr. Jorge E. Perez of KIDZ Medical Services

• Architect: Anillo Toledo Lopez

• Lot: 4.1-acre nearly vacant site at 7350 Coral Way, Coral Terrace

Design & Composition

• Residential:

  • Total: 410 units across studio-to-3BR layouts

  • Structure: 19-story tower (residential) and 16-story tower, with 950-space podium garage 

• Workforce Housing:

  • 40% (164 units) reserved for households up to 120% of Area Median Income (AMI)

  • Miami‑Dade AMI is ~$79.4K; thresholds include $95.4K (1‑person), $108.96K (2‑person), $122.52K (3‑person) 

• Commercial:

  • 90,000 SF medical offices, primarily pediatric care led by Dr. Perez

  • 7,000 SF retail, enhancing walkability and community services

Design Details & Amenities

• Architecture: Latest renderings show a pedestrian walkway linking the residential podium to the office building, plus a clean glass façade complementing Coral Way

• Industrial Balance: By pairing workforce housing units with rental market-rate apartments, the project exploits density and zoning incentives under the Live Local Act

Context: Live Local Act in Action

• Toolbox: The 2024 Act (SB 102 & SB 328) provides zoning increases, FAR bonuses, height allowances, and tax breaks for projects with 40% workforce units

• Rent Caps: 2025 limits are $2,604 for studios and $2,788 for 1BR units in Miami‑Dade 

• Incentive Impact: The Act has fueled dozens of such multifamily proposals, though challenges remain with financing and zoning reviews 

Market & Community Implications

• Affordable Housing Crunch: Miami‑Dade needs an estimated 90,000+ affordable units—Park Residences makes a meaningful dent in that shortfall 

• Investor Opportunity: Mixed-use developments anchored by workforce housing offer stabilized rental income backed by state allowances

• Funding Hurdles: Though incentives are robust, developers often report difficulty securing lenders without subsidy or equity support

Park Residences showcases a pragmatic application of the Live Local Act—tying substantial workforce housing with strong market-rate and medical uses. Its thoughtful design, anchor medical tenant, and efficient use of zoning incentives make it a strong candidate to move into permitting and construction.

For investors and landlords, it offers a template: high-density, mixed-use live-work projects under state-backed frameworks—especially in undersupplied markets like Miami‑Dade—can not only fulfill community needs but deliver structured returns.