Is Miami Ready For The 300 sq ft Apartment?

300 sq ft floor plan

This week NYC Mayor Michael Bloomberg unveiled plans to develop 300 sq ft apartments on the east side of Manhattan. The Department of Housing Preservation and Development is seeking proposals to design, construct and operate the micro-unit rental building.  According to the Wall Street Journal:

Mr. Bloomberg said there is significant demand for smaller homes. New York City has 1.8 million one- and two-person households, but only one million studio and one-bedroom apartments, officials said. The crunch has led to a spate of illegally subdivided apartments.

Officials expect the winner of the competition will develop a building between eight and 10 stories high with roughly 80 units.”

The current zoning in the Big Apple does not allow apartments to be smaller than 400 sq ft, but Bloomberg will approve a variance that would allow developers to design apartments as small as 275 sq ft.  The one room studios are expected to rent for $2000 per month and will have a window and full bath and kitchen.

Currently, the Miami 21 zoning code does not allow apartments smaller than 400 sq ft.  But where there’s a will, there’s a way. What do you think?  Is there are market for micro apartments in Miami? Should Miami 21 allow for 300 sq ft. apartments too?

Source: http://homedesigndecorating.com

Maximizing every square inch.
Source: http://homedesigndecorating.com

Small, but smart
Source: http://homedesigndecorating.com

 

 

ULI SE Florida/Caribbean: City O City @ Bardot Networking Event

Event Start Date: 07/26/2012 7:00pm
Event End Date: 07/26/2012 10:00pm
Locations: Bardot Miami
Address:
3456 N Miami Ave
Miami, FL  (map)
CITYOCITY @ BARDOT
(cit·y [sit-ee] noun, a large or important town  +  -ocity [oss-ity] suffix meaning “quality of”)
INVITE THE TALENTED AND CREATIVE PEOPLE

Urban-minded Developers / Architects / Planners
Contractors / Deal-makers / Lenders / Brokers
Marketers / Publicists / Retailers / Restaurateurs
Artists / Entertainers / Producers / Bloggers & Journalists

DESIGNING & BUILDING THE

NEW URBAN MIAMI

TO THE FIRST OF A NEW SERIES OF RELAXED
GATHERINGS TO MEET AND GET ACQUAINTED
WITH LIKE-MINDED PROFESSIONALS

Selected Drinks Sponsored by Douglas Elliman!

Registration
Register Online:

District Council

Register by phone:
  • Call: 1-800-321-5011 between
    9 a.m. and 5 p.m. EST, Monday through Friday;
Register by mail or fax:
  • Download a registration form
  • Fax to: 800-248-4585 (credit card payments only); or
  • Mail to: Urban Land Institute PO Box 41836 Boston, MA 02241-8363 (for check or credit card payments).
Attendee List

See a list of attendees already registered for this event.

Related Documents

Vantage Points on Restructuring Assets

Event Start Date: 07/18/2012 4:30pm
Event End Date: 07/18/2012 6:30pm

Join the ULI SE Florida/Caribbean’s Young Leaders Group for an in depth discussion on the current issues in the world of debt restructuring, successful workout strategies, and deleveraging in today’s commercial real estate market. The panel will feature experts with a wide variety of perspectives, including borrowers/equity investors, servicers/lenders, counsel and consultants.

Robert (Bob) Dorfman -SVP in Acquisitions, Related Group
Tanya Little – CEO, Hart Advisors Group, LLC
Adam D. Lustig – Partner, Bilzin Sumberg Baena Price & Axelrod LLP
Isaac M. Pesin  – Co-President, LNR Partners, LLC

Moderator:  Joseph Cuomo – SVP, Auction.com Commercial
4:30pm-5:00pm – Registration
5:00pm-6:00pm– Panel Discussion
6:00pm – 6:30pm– Q&AThis event is hosted by Young Leaders but everyone is welcome.Networking Happy Hour to follow at db Bistro Moderne’s lounge!

Directions & Parking Info:
A $5 Valet Parking validation will be available for guests attending db Bistro’s Happy Hour.  Otherwise, standard parking rates apply for valet or self-parking in the Wells Fargo Center garage.

Location: Greenberg Traurig
Address:
333 SE 2nd Ave Ste 4400
Miami, FL  (map)
Registration Fees: ULI Member ULI Non-Member
Private / Public Sector $15 $25
Young Leader/Student $10 $25

*Onsite Registration available for an additional $5

ULI SE Florida/Caribbean – Young Leaders Networking at a Marlin’s Game!

 

Event Start Date: 07/23/2012 6:30pm
Event End Date: 07/23/2012 11:00pm
Locations: Marlins Park – The Budweiser Balcony
Address:
501 Marlins Way

NW 16th Avenue

Miami, FL  (map)

ULI SE Florida/Caribbean Young Leaders Group—Miami invites you to attend a fun-filled evening at the Budweiser Balcony of Marlins Stadium.
Network with fellow Real Estate Professionals & watch the Marlins take over the Atlanta Braves.Registration Limited to the first 30!
NO Cancellations! Substitutions Only!
A $25 food and beverage credit per person is included in the price.
Once you have registered for this event, we will send you instructions on how to print an electronic ticket.

**Please note:  You will not be able to enter the park without this ticket.  It is the responsibility of each attendee to print and bring your own ticket.

The Young Leaders Group is targeted for those under 35, but all ages are welcome to attend as well as both members and non-members.

Click here to register