100-111 Perviz Ave
Opa Locka, FL 33054 Opa-Locka

This fully approved, shovel-ready development presents an exceptional opportunity to deliver 140 residential units within the vibrant Opa-locka submarket. Entitlements are secured under SB 102 Live Local Act and Ordinance 2024-21, eliminating rezoning risks and enabling immediate vertical construction. The plan combines nine-story and six-story structures over a prominent 1.09-acre site with 5,380 SF of street-level commercial space, enhancing live-work-play dynamics.

The project benefits from significant financial incentives, including a 30-year ad valorem tax exemption and eligibility for $10–$15 million in CRA subsidies, materially reducing operating costs and bridging financing gaps. These advantages, combined with Miami-Dade County’s persistent housing demand and submarket fundamentals—5.3% vacancy with declining supply—position the asset for long-term performance.

With prime connectivity to I-95, SR-826, and Florida’s Turnpike, plus proximity to Miami-Opa Locka Executive Airport, the location offers excellent commuter accessibility. Median household incomes align with affordability thresholds under the Live Local Act, providing a resilient renter base. This project is structured to maximize feasibility and long-term revenue growth within one of South Florida’s most undersupplied