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Old Posted Jul 7, 2017, 12:38 PM
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MIAMI | 12 NE 14th Street | FT | FLOORS (NR Investments)

Canvas Developer May Be Planning Another Project Nearby





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NR Investments has the 536-unit Canvas condo under construction in what they call the The Arts and Entertainment District. They may be planning additional projects nearby.

A promotional video posted to their website shows a rendering of a glassy building near canvas, with the developer saying that they have one or two other projects in mind for the neighborhood.

An affiliate of NR Investments owns the property just west of Melo Group’s under-construction Square Station, and the rendering appears to place the new project there.
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Old Posted Oct 20, 2017, 12:29 AM
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45-Story Carlos Zapata Tower, 30-Story Residential Tower Planned By NR Investments

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NR Investments is planning several more high-rise projects in the area near where there Canvas condo tower is currently under construction.

Carlos Zapata has designed a 45-story tower with 457 residential condominium units at 31 N.E. 14th Street (Across from Melo’s under construction Square Station), the developer told the SFBJ. Also at the site will be an 11-story tower with 150 hotel rooms, along with 30,000 square feet of office space.

Condos are being designed for end users who will actually live there, with smaller sizes and lower prices. Office space is being added so that residents can work near their homes.

The shorter hotel tower is being placed next to a historical firehouse, keeping the taller tower away from it.

A 30-story residential tower is also being planned by the developer at another nearby site, located at 70 and 90 N.E. 17th Street (blocking some views from Canvas).

The second project would include 225 residential units, 8,000 square feet retail and some office space. The developer has yet to decide if it will be condo or rental.

Both projects require rezoning. Miami’s Planning, Zoning & Appeals Board voted in favor of both at a meeting on October 16.
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Old Posted Dec 22, 2017, 3:22 PM
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Commissioners Approve Zoning Changes, Allowing 855 New Units In Two Towers

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Miami commissioners have approved zoning changes needed for two towers proposed by NR Investments.

The first is a 45-story tower designed by architect Carlos Zapata on NE 14th street. It will include 572 units.

The second is a 30-story tower on NE 17th Street, with 283 residential units.

Both towers could be built as either rental or condos, an attorney for the developer told commissioners, according to Miami Today. As part of the rezoning, 10% of units will be set aside for workforce housing, or 14% if built as rentals.

If built as condos, the workforce housing will sell for $240,000 – a discount of $135,000.

Newly elected commissioner Joe Carollo said he preferred developers pay into a city fund instead of the discounted units. The city could become a developer of affordable housing with the funds, he suggested. A workshop to discuss the idea is planned.
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