Parking Officials Seek Applications For Spaces For Workforce Housing Residents
Written by Deserae del Campo on September 14, 2006
By Deserae del Campo
The Miami Parking Authority has released a request for applications from developers building workforce housing near a downtown transit station who want to lease up to 650 parking spaces in a city-owned garage.
The authority released the request Sept. 8. Parking spaces in the College Station Garage, 190 NE Third St., are being made available for use by residents of workforce housing.
Art Noriega, executive director of the parking authority, said he created guidelines in the application in August after expressing concern during a board meeting that developers could break deals on workforce housing projects in the city.
Under the application guidelines, 60% of the units in an applicant project must be priced at less than $300,000, and the project must be within 600 feet of a downtown transit station. The developer also must have developed at least 300 condo units in the past three years. Also, construction on applicant projects must begin with 18 months of allocation of the parking spaces.
The developer must submit proof of site, have an operating sales center with staff and include the price range of units in the application.
The authority will accept applications until all 650 spaces are leased or Dec. 8, whichever comes first. The spaces would be made available to a developer after the city issues a temporary certificate of occupancy for the project.
The application says developers will lease the spaces for $120 a month per space for a year and unit owners will be allowed to lease spaces for $80 a month for another year. Unit owners would then be charged market value of $110.75 a month in the third year. Advertisement