Real estate developer Swerdlow Group has commenced construction on $300m Sawyer’s Walk mixed-use development in Miami, Florida, the US.
The company is partnering with the Southeast Overtown/Park West Community Redevelopment Agency (CRA) on the new project.
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To be located adjacent to downtown Miami’s Brickell district, the 1.4 million ft2 mixed-use development will include 250,000ft2 of retail space and 578 affordable apartment units for low-income seniors.
The 3.4-acre property at 249 NW 6th St. was acquired by Swerdlow Group and its partners, Delray Beach, SJM Partners and Alben Duffie from the Community Redevelopment Agency for $10m.
The new development will also include a 25,000ft2 Aldi supermarket, a 50,000ft2 Target, about 1,000 parking spaces, 25,000ft2 of public space, outdoor seating for restaurants and dog park,
It will also include new locations for Ross Dress for Less, Five Below and Burlington as well as a children’s playground and pedestrian promenade.
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Sawyer’s Walk’s residential portion will feature one- and two-bedroom apartments, studio for seniors earning at or below 60% of the area median income.
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By GlobalDataIt will also feature a clubhouse and entertainment lounge, rooftop pool deck, meeting rooms and a complimentary health club membership for all residents of the community.
Furthermore, the new project is located in close proximity to Lyric Theatre, Miami-Dade College’s Wolfson campus, Brightline’s Miami Central station and the 27-acre Miami Worldcenter development, which is currently underway.
Swerdlow Group CEO Michael Swerdlow was quoted by Rebusinessonline.com as saying: “In working with the CRA and listening to nearby residents, it became clear that seniors housing, affordable shopping options and quality jobs are among the most pressing needs in Overtown.
“Sawyer’s Walk will check all of these boxes, while also creating a new destination for retail and dining that will activate city streets and attract people from throughout downtown Miami and surrounding neighborhoods.”
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Swerdlow Group breaks ground on $300m Sawyer’s Walk mixed-use development in the US. Credit: Peter H from Pixabay.
