North Gate is an adaptive reuse project transforming an existing 16,000 square foot commercial property located at 62nd and Biscayne Boulevard within Miami’s MiMo Historic District. The project takes its name from the Miami-Dade County subdivision located just west of Biscayne Boulevard, where it serves as a gateway marking the entrance to this historic neighborhood.
A significant portion of the property is a historically contributing structure built in 1938, originally serving as the publication house for “The Voice,” a Catholic newspaper. After sitting vacant and abandoned for six years with an unsafe structures violation, our team successfully rehabilitated the property, restoring it to its original historic splendor while adapting it for modern use.
In collaboration with Miami-Dade County, MAGASI is redeveloping a vital county-owned site, Annie Coleman 14, located at 2479 NW 50th Street in the heart of the historic Brownsville neighborhood. This transformative project will deliver 287 thoughtfully designed residential units, ranging from one to five bedrooms, and serving households earning between 30% and 120% of the Area Median Income (AMI).
The development will feature three modern 8-story residential buildings and a 6-story parking garage, ensuring both comfort and convenience for residents. A 4,800-square-foot community retail space will activate the streetscape, offering essential services and amenities to both residents and the surrounding neighborhood.
Additionally, the project includes 36 for-sale townhomes, expanding pathways to homeownership within the community. Construction is slated to begin in the third quarter of 2026, with funding provided through the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration (RAD) program.
This transformative public-private partnership between Miami-Dade County and MAGASI represents a critical investment in equitable housing and community revitalization, directly addressing the urgent affordable housing shortage that has reached crisis levels in our region.
MAGASI, in partnership with Miami-Dade County, is spearheading the redevelopment of two key county-owned sites—Lemon City and Gwen Cherry 07—located at 170 NE 67th Street and 150 NE 69th Street in Miami’s culturally rich and historic Little Haiti neighborhood. These projects mark a significant step forward in addressing the region’s urgent affordable housing crisis.
Together, the developments will introduce 310 new residential units, thoughtfully designed to accommodate households earning between 30% and 120% of the Area Median Income (AMI). The Lemon City site will feature a 14-story tower with 260 units and approximately 3,000 square feet of retail space, while Gwen Cherry 07 will include a 6-story building with 150 units and 9,000 square feet of retail, strategically positioned to activate NE 2nd Avenue and enhance neighborhood vibrancy.
With a combined investment of approximately $130 million, the projects are being financed through Low-Income Housing Tax Credits (LIHTC), bond financing, and developer equity. Construction is anticipated to begin in Q3 of 2026, following final approvals through the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration (RAD) program.
MAGASI partners with public agencies, investors, developers, and property owners to deliver real estate development projects from concept through completion. Our services include project planning, development oversight, financial analysis, stakeholder coordination, entitlement support, construction management, and long-term asset strategy. We focus on creating developments that generate lasting economic and community value.
MAGASI has experience with mixed-use, residential, affordable housing, workforce housing, and public-private partnership developments. Our projects include multifamily communities, mixed-income housing, commercial space, retail components, and community-focused redevelopment initiatives throughout South Florida.
Yes. MAGASI works with public entities and private partners to redevelop strategic sites that address housing needs, economic development, and community revitalization goals. These partnerships help bring together public resources and private-sector expertise to create impactful long-term developments.
MAGASI oversees the development process through strategic planning, budgeting, scheduling, consultant coordination, stakeholder engagement, construction oversight, and ongoing project reporting. Our team works to keep projects moving efficiently while maintaining transparency and accountability throughout each phase of development.
Successful real estate development can increase property value, create new housing opportunities, stimulate local economic activity, enhance neighborhoods, and generate long-term returns for stakeholders. Thoughtful development planning helps ensure projects remain financially sustainable while serving the needs of residents and communities.
Yes. MAGASI is actively involved in affordable and workforce housing development projects designed to expand housing opportunities for residents across South Florida. These developments are intended to address housing shortages while supporting community growth and long-term neighborhood stability.
MAGASI combines real estate development, property management, asset management, and operational expertise under one platform. This integrated approach allows us to evaluate projects from both a development and long-term ownership perspective, helping clients make informed decisions that support lasting value creation.
MAGASI develops and supports projects throughout South Florida, including Miami, Miami Beach, Fort Lauderdale, Boca Raton, Delray Beach, West Palm Beach, and surrounding communities. Our local market knowledge and relationships help support successful project execution and long-term community impact.
MAGASI is a full-service real estate management company specializing in commercial, hospitality, and affordable housing. As an AMO-Accredited Management Organization by the Institute of Real Estate Management (IREM), MAGASI works with investors, developers, receiverships, and public entities to provide operational and strategic value to their real estate assets for the long-run.
MAGASI is always looking for new real estate partners, clients, and investors that align with our values and vision. We take pride in our service-oriented culture, management practices, and investment principles.
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