New York-based 1688 Property Owner LLC filed a municipal pre-application with Miami-Dade County officials for the 0.52-acre site at 1701 Jefferson Ave.
The developer acquired that parking lot, along with the adjoining 88,419-square-foot office building at 1688 Meridian Ave., for $49.5 million in 2021.
Totaling 28,074 square feet in four stories, the project would feature 40 apartments and 24 parking spaces on the ground level underneath the building.
It would be called The Morris, after Miami Beach architect Morris Lapidus, who designed many of the city’s most famous hotels. The project would feature 36 one-bedroom units of about 510 square feet each and four two-bedroom units of about 720 square feet. All of the apartments would be restricted to people making up to 140% of area median income. That means a one-bedroom unit would rent for $2,710 and a two-bedroom unit would rent for $3,251.
Source: SFBJ