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Real Estate

Midtown 7 in the works!

Cashflow In Miami
October 5, 2022

Arquitectonica reveal a new design for Midtown 7, a 31-story residential highrise planned for 3001 Northeast 1st Avenue, one of the last undeveloped parcels in Midtown Miami. Developed by AMLI Residential (AMLI), the 330-foot-tall structure is proposed to yield 421,101 square feet of space, including 389 residential units, 28,000 square feet of ground-floor retail space, and 501 parking spaces. Under the PPF AMLI 3001 NE 1ST AVENUE LLC, the developer filed a warrant application with Miami’s Urban Development Review Board requesting approval for several modifications to the Major Use Special Permit (MUSP) cemented for the site in 2017. Previously approved plans called for a 309-foot-tall structure with 386,779 square feet of space, including 391 residential units, 30,709 square feet of ground-floor retail space, and 505 parking spaces.

Residential units at Midtown 7 would range between 390 and 1,580 square feet, and feature three levels of amenities including a landscaped deck with a pool and seating areas, events lawn, conference room, and work lounge.

The development site spans 1.84-acres, or 80,365 square feet, with frontages on Northeast 1st Avenue, Northeast 30th Street, and East Coast Avenue, abutting train tracks on the east. AMLI Residential acquired the property in November 2021 for $30.5 million from Midtown Development, which is currently vacant and was last used as a surface-level parking lot. Midtown 7 would rise north of the 28-story Midtown 8, also known as Yard 8 Miami, and south of the 31-story Midtown 6, also referred to as Gio Miami.

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