Aurea at Highland Park Miami

Live Local + OZ 2.0 Case Study | Black Salmon

851 NW 13th Street, Miami, FL | Health District Edge

Aurea is a ~29-story Live Local Act-enabled Class A multifamily tower with 352 units and ground-floor retail, integrated into the 6.4-acre Highland Park Miami masterplan adjacent to the Miami Health District.

Project Snapshot

Attribute	Details
Address	851 NW 13th Street, Miami, FL
Units	352 (approx.)
Average Unit Size	606 SF
Total Residential SF	~213,000 RSF
Retail SF	~4,800 SF
Live Local Program	~68% workforce units at ≤120% AMI (40% minimum required)
Timeline	Construction start 2026, TCO late 2027, stabilization ~2029
Strategy	Live Local Act + Health District adjacency + potential OZ 2.0 tract

Note: These figures are illustrative summaries only and do not constitute an offer or solicitation. Actual project specifications may vary.

Live Local Act Stack

The Live Local Act provides significant advantages for Aurea at Highland Park Miami:

Height & Density: Ability to achieve ~29-story height and up to 1,000 units/acre by right, bypassing long rezoning hearings.
Affordability Commitment: 40%+ of units at ≤120% AMI for 30 years.
Tax Abatement: 75% tax abatement on workforce units, resulting in meaningful tax savings vs. standard ad valorem.
Administrative Approval: Site plan approval instead of political hearings, reducing timeline and uncertainty.

Miami 21 (Traditional Zoning)

Limited height based on zoning district
Political approval process
Extended timeline (12-24+ months)
No affordability-linked tax benefits

                    Live Local Act
                    Height matches tallest within 1 mile
Administrative approval by right
Streamlined timeline (6-12 months)
75% property tax abatement on workforce units

                

Highland Park Master Plan Context

Highland Park Miami is a 6.4-acre, multi-phased, transit-oriented development featuring:

>1,000 residential units across multiple buildings
~200-room hotel serving medical visitors and business travelers
~500,000 SF of medical-related office space
Service retail and restaurant offerings
Direct adjacency to Culmer Metrorail station and short distance to MiamiCentral

Aurea serves as one of the anchor residential assets within the Highland Park Miami masterplan, providing workforce housing for the tens of thousands of employees in the adjacent Health District.

Health District + Jobs

The Miami Health District is the second-largest medical district in the U.S., with:

~46,000 jobs and high job density within 1-3 mile radius
Billions in annual payroll from healthcare institutions
Major institutions: Jackson Memorial Hospital, UM Health, Bascom Palmer Eye Institute, Sylvester Cancer Center, and more

Aurea is designed as workforce housing for:

Nurses, residents, techs, faculty, and other staff
Visiting professionals and fellows
Medical students and healthcare trainees

The Live Local Act requirement ensures units remain affordable to the healthcare workforce who need housing close to their jobs but are often priced out of surrounding neighborhoods.

OZ 2.0 Opportunity

Census Tract 12.02 (where Aurea sits) is a strong candidate for OZ 2.0 designation due to:

Income/poverty metrics: High poverty rate (~36% vs ~15% county average) and low median family income
Strategic location: Between Overtown and the Health District, with clear historical underinvestment
Adjacency rule eligibility: Even with improvements, tract remains adjacent to qualifying low-income tracts

Black Salmon can pre-position Aurea as a "flagship OZ 2.0-aligned project" if and when OZ 2.0 is finalized, creating one of the most powerful policy stacks in Miami urban development.

Learn More About Tract 12.02

Explore the detailed OZ 2.0 advocacy playbook and see why Census Tract 12.02 scores 100/100 on our designation readiness model.

View Tract 12.02 Analysis →

Downloadable Advocacy Materials

Detailed OZ 2.0 advocacy documentation, support letter templates, and scoring models are available for download:

Advocacy Packet: Full narrative, rationale, and capital commitment details
Support Letter Templates: Pre-written letters for government officials, EDOs, and community organizations
Scoring Model: 100-point framework for evaluating OZ 2.0 tract candidacy

Go to Downloads →

Disclaimer: The information presented on this page is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any securities. All figures are illustrative and subject to change. Consult with qualified professionals before making any investment decisions.