The Oasis at Doral is planned at 9850 N.W. 41st St.
The Apollo Cos. plans to move forward with a mixed-use project in Doral under the state’s Live Local Act after the developer reached a settlement with city officials.
On Aug. 23, the city council approved a six-month moratorium on accepting and processing development permits. The move was in response to the Live Local Act, which overrides local zoning to permit residential development on commercial or hospitality property up to the maximum density allowed in the city as long as 40% of units are workforce/affordable hosing.
However, the Apollo Cos. filed plans for the Oasis at Doral in June – well before the city approved the moratorium. The Aventura-based developer told city officials the moratorium caused it significant damages, according to staff memo.
On Oct. 18, the council approved a settlement with the Apollo Cos. It will allow the Oasis at Doral application to proceed outside of the moratorium in exchange for the developer releasing the city of all legal claims. The agreement also states that there’s no guarantee the city will approve the project.
The Live Local Act allows developers to obtain approval without a city council vote as long as they follow the act’s rules.
Oasis at Doral would be located on the 18-acre site at 4090 N.W. 97th Ave., plus 9800 and 9850 N.W. 41st St. It currently has two four-story office buildings for a combined 265,821 square feet that were built in 2001 and 2006. They would remain, according to the developer’s preliminary site plan. However, the 20,778-square-foot bank/medical office building on the corner of Northwest 97th Avenue and Northwest 41st Street would be removed.
Under the proposal, the project would have 630 multifamily units with 40% of them workforce housing, 185,000 square feet of retail and a building of about 110,000 square feet with a combination of offices, commercial space and potentially a gym. The tallest building would be eight stories.
Miami-based Arquitectonica designed the project, which is valued at close to $650 million.
Tenants in the office buildings include World Fuel, GE and Samsung.
Led by Edward Abbo, the Apollo Cos. is also working on apartments in Dania Beach and an office building in Hallandale Beach.
Many cities are striving to figure out how to incorporate Live Local Act projects into their zoning code. While the law permits developers to use the maximum residential density and the tallest height within a one-mile radius, it doesn’t address issues such as building setbacks from the street, residential unit size and floor area ratio.
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Doral reaches settlement with developer on $650 million Live Local … – The Business Journals
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