NoMi Square Breaks Ground in North Miami

Key Points

• 342-unit mixed-use development begins construction at 13855 NW 17th Ave.

• Backed by $65M loan from Banco do Brasil Americas; total investment exceeds $100M.

• Features include a 528-ft linear park, resort-style amenities, and green building design.

Integra Investments has officially broken ground on NoMi Square, a $100 million workforce housing development in North Miami. The project, a collaboration with the North Miami Community Redevelopment Agency (NMCRA), aims to provide affordable housing options and stimulate economic growth in the area.

Project Overview: NoMi Square

• Location: 13855 NW 17th Avenue, North Miami, FL 33167.

• Site Size: 7.6 acres.

• Units: 342 rental apartments, including one-, two-, and three-bedroom units.

• Live-Work Units: Four two-story units designed for entrepreneurs.

• Retail Space: Approximately 3,160 sq. ft. of commercial space.

• Parking: 518 spaces.

• Public Amenities: A 528-foot linear park featuring a butterfly garden and trellises.

The development is designed by Anillo Toledo Lopez Architecture and emphasizes sustainability and community engagement.

Financing and Partnerships

• Construction Loan: $65 million provided by Banco do Brasil Americas.

• Public-Private Partnership: Collaboration with the NMCRA to address housing needs and enhance public infrastructure.

• Total Investment: Over $100 million, aiming to create more than 500 construction jobs.

The project's financing structure underscores the importance of collaborative efforts in addressing urban housing challenges.

Amenities and Sustainable Features

• Residential Amenities:

  • Central courtyard with resort-style pool deck and cabanas.

  • Clubhouse equipped with a lounge, coffee bar, co-working spaces, and fitness studio.

  • Children's playground and dog park.

• Sustainability Initiatives:

  • Florida-native landscaping and bioswales.

  • Green walls and energy-efficient appliances.

  • Electric vehicle charging stations.

  • Pursuit of National Green Building Standard (NGBS) certification.

These features aim to provide residents with a comfortable living environment while promoting environmental responsibility.

Community Impact and Market Implications

NoMi Square is poised to serve as a catalyst for economic development in North Miami by:

• Addressing Housing Affordability: Providing quality rental options for professionals earning between 60% and 140% of the area median income.

• Stimulating Local Economy: Creating construction jobs and attracting retail businesses to the area.

• Enhancing Public Spaces: Introducing a linear park that offers recreational opportunities for residents and neighbors.

For investors and real estate professionals, the project represents a model for inclusive development that balances profitability with community needs.

NoMi Square exemplifies how thoughtful design, sustainable practices, and public-private partnerships can converge to address urban housing challenges. As construction progresses, the development is expected to set a precedent for future projects aiming to blend affordability, quality, and community engagement.