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Residential

Sep 10, 2025

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

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

Traded Editorial

2 min read

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. 

#Florida#Residential
Published: Sep 10, 2025Last updated: September 10, 2025