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SIXTY Uptown Receives Greenlight in Little Haiti's Magic City Innovation District

Traded Media
by Traded MediaShare
Florida
Residential

Key Points

  • 309 ft / 25 stories approved by the FAA — no air navigation hazard identified

  • 349 luxury apartments planned, with ~13,000–13,200 sq ft ground-floor retail and 393 parking spots

  • Part of the larger Magic City Innovation District, including transit infrastructure, office towers, and innovation hubs

Miami’s Magic City Innovation District (Little Haiti) just got a major boost: the FAA green-lit the height for a 25-story residential tower. This isn’t just another luxury apartment complex—it’s poised to anchor a thriving mixed-use corridor. 

FAA Approval & What’s Next

  • On August 19, the FAA confirmed the project—a permanent 295 ft above ground (309 ft above sea level)—poses no hazard to air navigation

  • According to municipal records, a master construction permit is nearly ready, with just a couple of comments pending

  • The project has been on the city’s radar since the Urban Development Review Board’s unanimous approval in November 2021

Project Specs & Developer Insight

  • MCID Parcel 11, LLC is leading the development, with Arquitectonica handling architectural design

  • Project includes:

    • 349 luxury residences

    • Ground-floor retail: ~13,010–13,200 sq ft

    • 393 parking spaces

    • Prime views: Miami skyline, Miami Beach, waterways

Context: Magic City Innovation District

  • The tower is a flagship within the multi‑billion‑dollar Magic City Innovation District, anchored in Little Haiti’s revitalization

  • District features:

    • A 2.2-acre promenade and commuter rail station, enabling seamless transit orientation

    • Motorsport Network HQ: 12‑story office tower with 370,000 sq ft of leasable space

    • Station M: Twin‑tower innovation center featuring a 215,000 sq ft incubator and over 500,000 sq ft of office/retail space

  • Economic impact projections:

    • ~$5 billion in business activity over 10 years

    • $27 million annually in property and sales tax

    • $31 million commitment to Little Haiti Revitalization Trust

    • Thousands of construction and full-time jobs with hundreds of millions in wages

Developer Funding & Broader Implications

  • The developer group—Plaza Equity, Lune Rouge, Dragon Global, and led by Neil Fairman—is targeting ~$40 million in equity for construction

  • They’re also exploring Opportunity Zone funding but face constraints due to strict capital gains-only eligibility; broader flexibility could significantly enhance investment

Neighborhood Revitalization

“SIXTY Uptown Magic City” has cleared its biggest regulatory hurdle, and is poised to kick off a transformative wave in Little Haiti. Its integration with transit, mixed-use infrastructure, and innovation hubs positions it as a cornerstone for both neighborhood revitalization and investor opportunity. 

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