Miami’s well-documented wealth gap often means housing affordability challenges for those who make modest wages, including teachers. A new preliminary proposal aims to address that issue by building teacher housing on school sites. The first proposal — from a joint effort between the county’s school system and housing department — is for Southside Elementary in pricey Brickell, where a new mid-rise middle school would have a floor for residences, while upper floors would be devoted to classrooms and parking. Read more about the plan from the Miami Herald.
In other recent Miami real estate news:
- YotelPad Miami recently got a new sales director in Luis Chacon, who will lead the sales team for the 215-unit project from Aria Development Group and brokerage OneWorld Properties. The downtown Miami development, the first Yotel project on the East Coast, will feature studio, one- and two-bedroom units that start around $260,000.
- A 2.52-acre site in downtown Miami is on the market for a whopping $125 million. Dwntwn Realty Advisors is marketing the site as Flagler City Center, which could be developed into up to 4 million square feet and 2,500 residential units, The Real Deal reported.
- Agents, developers and homebuyers alike will soon have information about flood risk at their fingers in a new app, ClimateScore. It will have a map interface similar to Google Map that can “predict the expected flood level in any designated area, for a specific asset, with street-level resolution,” according to Jupiter.