Palmetto Bay Downtown Urban DevelopmentThe Palmetto Bay Downtown Urban Village District

Mixed-use project proposed in new Miami-Dade urban district
Article from BizJournals written by Brian Bandell

Palmetto Bay will consider approving the second mixed-use project in its new Downtown Urban Village district, as developer Roberto Suris has proposed an apartment/retail building called Soleste Bay Village.

In 2015, the municipality rezoned an area for greater density and mixed uses to encourage more development. The first project approved under that zoning was the Altlantico at Palmetto apartments and retail, by Florida Crystals subsidiary FCI Residential.

On March 20, the village council will hold a zoning hearing to consider plans for Soleste Bay Village at 18301 S. Dixie Highway (U.S. 1). The 1.98-acre site is currently occupied by a church built in 1959, but it’s under contract to Estate Investment Group LLC, owned by Suris.

Suris’ company has previously developed numerous apartment complexes under the Soleste name in the West Miami area.
Holland & Knight attorney Hugo Arza said his client, Suris, felt there were no other new Class A apartment buildings in the Palmetto Bay area except for FCI Residential’s project, which Arza also represented, so there should be strong demand. Many young people who grew up in south Miami-Dade County want to return to the area, but they can’t afford to buy homes, so they need a high-quality apartment building, Arza said.

He noted that the site plan is consistent with the Downtown Urban Village plan approved by Palmetto Bay.
The eight-story Soleste Bay Village would have 301 apartments, 9,426 square feet of ground-floor retail and 430 parking spaces in an interior garage. The project would include a public plaza with a dog park, playground and seating. On the fourth floor, the building would have an amenity deck with a pool, gym and party room.

Arza said some of the retail would be live-work spaces with second-floor apartments above them. That could make them attractive to professionals such as lawyers, accountants and architects, he said.

The apartments would total 249,195 square feet of rentable space. That would break down to 173 one-bedroom units, 113 two-bedroom units and 15 three-bedroom units.

The project was designed by Caymares Martin Architectural and Engineering Design.

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