The developer planning to rebuild an Overtown public-housing project known as Rainbow Village has applied for a construction permit.
Rainbow Village is located directly on the border of Overtown and Wynwood.
According to the construction permit filing, the first phase of Rainbow Village will include:
- 310 rental units
- 12,978 square feet of retail
The building height will be 7 stories.
Of the 310 apartments planned, there will be 102 affordable housing units, 52 extremely low income housing units, and 156 workforce housing units.
The existing public housing project was built in 1972 and includes 136 units in two-story garden-style structures. It has been described as contributing to blight in the area.
In 2021, the developer won approval from the county to redevelop the property, and also requested approval from the city for a rezoning to allow up to 670 units.
The new project will be mixed income, pedestrian friendly, and with ground floor retail, the developer has said.
According to the website of architect Zyscovich, the project will have green building certification.
The project includes over 1900 new residential units, a new MDCPS K-8 Magnet School, 1.5 acre Neighborhood Community Park, community gardens and green rooftop terraces, a community center and arts and culture museum, recreation and wellness spots, tech hub centers; retail; a shared kitchen incubator, and community-oriented services, Zyscovich wrote.
Housing Trust Group is the developer.
Original Source: Rainbow Village: Developer Applies For Construction Permit To Build 310 Apartments In Overtown – The Next Miami