Developers of a pair of high-rises next door to a Metromover station are being praised by city officials for committing to bring much needed workforce housing to Miami.
Melo Group, through its 14th Plaza Corp., hopes to break ground this month on Square Station, a large mixed-use project for 1424 NE Miami Place.
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There would be 355 units in each building, with prices ranging from $1,600 a month for a one-bedroom up to $2,500 for a three-bedroom.
In a covenant with the city, the development firm promises that 96 of the 710 apartments will be reserved for workforce housing, which equates to about 14%, said Iris Escarra, representing 14th Plaza Corp.