Cymbal DLT in the News

Cymbal DLTCymbal DLT plans Live Local Act apartments in Midtown Miami - South Florida Business Journal, led by developer Asi Cymbal, has proposed an apartment complex in Miami via the state’s Live Local Act, which allows developers to bypass density restrictions in exchange for providing workforce housing.

The city’s Urban Development Review Board will consider plans for the 1.36-acre site at 3466 and 3452 N. Miami Ave., 20 and 34 N.W. 35th Street, 29 and 27 N.W. 34th Terrace on Nov. 20. Miami-based Cymbal DTL has owned the property through affiliate North Miami Avenue LLC for 21 years.

Located just west of the Shops at Midtown Miami and near the Wynwood Norte neighborhood, the property currently has two retail buildings for a combined 28,563 square feet. They would be demolished to make way for the project.

“Over 20 years ago, we recognized the potential of this site and neighborhood, positioning us at the forefront of Midtown's renaissance,” Cymbal said. “Since then, the area has transformed, with rapid population growth and business expansion. Midtown, now adjacent to Wynwood and the Design District, is thriving with luxury residential, diverse retail, and a range of dining options. What was once a 56-acre Florida East Coast Railway yard is now a vibrant urban hub.”

He added that Cymbal DLT houses its headquarters on the site.

Under the proposal, the Cymbal DLT Midtown project would total 856,188 square feet in 36 stories, with 598 apartments, 18,108 square feet of retail, 4,547 square feet of offices and 654 parking spaces. As per the Live Local Act, 40% of the apartments would be workforce housing at 120% of area median income.

The median household income in Miami-Dade County is $79,400, according to HUD.

The current height limit on the property is five stories, but the developer would exceed that with the Live Local Act.

It’s also seeking waivers for a 30% parking reduction, to have parking on the second floor fronting North Miami Avenue and to create a cross block pedestrian passage instead of a full paseo.

“Situated at the nexus of Miami’s Midtown and Design District neighborhoods, the development is designed to maximize the pedestrian experience with a vibrant promenade along North Miami Avenue and a dedicated cross-block pedestrian passage,” Cymbal said. “Residents will enjoy easy access to a variety of shopping, dining, and cultural venues within walking distance, as well as adjacent to I-95 and the Julia Tuttle Causeway to Miami Beach.”

He added that he hopes to break ground on the project at some point in 2025.

The apartments would range from 424 to 1,321 square feet, with an average size of 685 square feet. There would be 243 studio apartments, 180 one-bedroom units, 118 two-bedroom units and 57 three-bedroom units.

All of the workforce units would be studios.

There would be an amenity deck on the eighth floor with a pool, fitness center, coworking space, pickleball courts, club room, yoga room, spa, quick market, and grilling area.

Miami-based Arquitectonica designed the project. The developer is represented by attorneys Andres Rivero and Anthony De Yurre.

This would be the second Live Local Project for Cymbal DLT. It completed a workforce housing complex in Miami Gardens in late 2023 that takes advantage of the property tax breaks under the law, although it didn’t utilize the law’s density bonus because it broke ground before the law was signed.