"Two years after Alexis Bogomolni launched his real estate firm, he’s poised to start construction on 217 apartments in Miami’s Wynwood Norte district by year-end, The Real Deal has learned. 

ABH Developer Group completed a 4.1-acre non-contiguous assemblage throughout the district, with plans to develop the properties into 13 multifamily projects with 24 to 150 units each, Bogomolni told TRD. In total, the Miami-based firm has paid more than $35 million for Wynwood Norte development sites since 2021. 

For the first chapter of his development pipeline, Bogomolni said he hopes ABH will start building six projects this year, ranging from three to six stories and from 24 to 51 units each. 

The developments will include a four-story, 25-unit building with retail at 3422 Northwest Fifth Avenue; a six-story, 44-unit building with six micro-retail units at 3332 Northwest Fifth Avenue; a three-story, 24-unit building at 355 Northwest 31st Street; a five-story, 28-unit building at 319 Northwest 35th Street; a four-story, 51-unit building at 3333 Northwest First Avenue; and a four-story, 45-unit building at 401 Northwest 34th Street, according to Bogomolni. 

Most of the properties consist of single-family homes or vacant lots, property records show. 

All of the projects will include rooftop amenities. Also, 20 percent of the units at each development will be workforce housing for households earning between 80 percent and 100 percent of the area median income. 

Miami-Dade County’s AMI is $68,300. That means that to qualify for an ABH workforce unit, a one-person household can’t earn more than $54,640 annually, a two-person household can’t earn more than $62,400, and a three-person household can’t earn more than $70,240, according to the Florida Housing Finance Corporation’s guidelines. 

Down the line, ABH also has a preliminary plan for a four-story, 150-unit multifamily project with workforce housing on a 1-acre assemblage of contiguous sites at 3129 and 3131 Northwest First Avenue; 75, 79, 85 and 93 Northwest 31st Street; and 84-86 and 90-92 Northwest 32nd Street, according to Bogomolni. ABH paid a combined $10.1 million for these properties, most recently completing the assemblage with a $2.4 million purchase of duplexes along Northwest 32nd Street."

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https://therealdeal.com/miami/2023/05/15/developer-bets-on-wynwood-norte-plans-200-plus-apartments/