North Miami-Based Development to Deliver 138 Apartments, over 10,000 Square Feet of Retail and State-of-the-Art Chamber of Commerce Facility to the Area
Coral Gables-based Coral Rock Development Group today unveiled plans for Kayla at Library Place, a workforce/affordable housing mixed-use project based in the City of North Miami.
Set on a 1.11-acre site at 13100 West Dixie Highway, currently home to the Greater North Miami Chamber of Commerce and a parking area, Kayla at Library Place will encompass 138 residential units of workforce and affordable housing featuring one- and two-bedroom layouts ranging in size from 660 to 930 square feet. The 10-story residential tower will also offer a full slate of premium amenities including an indoor fitness center, outdoor barbecue areas, clubhouse, business center and conference room along with a beautifully curated rooftop oasis for social gatherings.
The ground floor of the project will be dedicated to a new home for the Greater North Miami Chamber of Commerce, replacing the current 1,160 square foot location with a much larger 8,000 square foot space. This new state of the art facility will incorporate incubator space to support start-ups and local small businesses, in addition to new space for education and job training. The incubator space will offer workstations, conference facilities, private video/podcasting rooms and shared amenities. All to support local start-up businesses and promote their initial viability and long-term success, and in turn, foster more employment opportunities for the community.
The project will consist of an adjacent parking garage with security features accommodating approximately 250 spaces with upper level spaces dedicated for residential tenants and lower levels for commercial activity.
“Kayla at Library Place answers the call for much-needed affordable and workforce housing in the area,” said Michael Wohl, principal of Coral Rock Development Group. “Greater Miami-Dade County is currently the most cost burdened rental market in the United States, and the North Miami statistics exceed the Miami-Dade average, making it one of the most distressed areas in Greater Miami for affordable housing. With this project our goal is to stimulate the workforce, attract new businesses and employees and revitalize the neighborhood to support smart growth. We’re very pleased to deliver Kayla at Library Place to the community and are grateful for the support of the City of North Miami’s council and their commitment to affordable housing, along with the CRA and Mayor Philippe Bien-Aime who’s vision is incorporated into the planning of this development.”
Kayla at Library Place will be structured on the following income levels: out of the 138 units to be delivered, 55 units will be designated affordable at 60% area median income (AMI) and 83 units will be designated workforce at 100% AMI. This tiered approach will benefit individuals and families with different income levels and will contribute to the health of the community at large with “workforce housing” prioritized for and targeted to vital workers such as teachers, police officers, firefighters, health care workers and public employees. Qualified renters will pay 30% or less of their gross family income for rent, in this new, modern, secure, full amenity apartment community.
Coral Rock Development Group has a particular expertise in developing mixed-use, mixed-income affordable and workforce housing projects in major urban areas. Recent projects include Pura Vida Hialeah and Buena Vida, among numerous others.
Designed by Behar Font, Kayla at Library Place will be created to achieve LEED Silver Certification as defined by the Florida Green Building Coalition and employ innovative green technologies. Groundbreaking on the project will begin in the second quarter of 2023 and is scheduled for completion at the end of 2024.
For more information, please visit www.coralrockgroup.com.
About Coral Rock Development Group:
Coral Rock Development Group aligns four of South Florida’s leading veteran commercial real estate builders and developers – Stephen A. Blumenthal, David Brown, Victor Brown and Michael Wohl. The partners have earned well-established reputations for high-quality, innovation and value in the related industries of multifamily, commercial, industrial and mini storage. Coral Rock’s principals bring their distinct, respective strengths to the firm with a focus on mixed-use developments across the state of Florida. For more information, please visit www.coralrockgroup.com.
