What is happening in the Magic City Innovation District?

Magic City is an innovation district focused on technology, sustainability, health and wellness and art and entertainment. Magic City Innovation District is revitalizing the Little Haiti and Little River neighborhoods to create a world-class destination. We will provide Miami a walkable, campus-like neighborhood where individuals from diverse backgrounds can enjoy a quality life and help write the next chapter of history on how we live, work, play and learn together. Magic City will serve as a new model for future innovation districts and real estate development worldwide.

The Magic City Innovation District will contribute to the economic vitality of the area and enhance the appeal of the community. Magic City will be working with the community to ensure the proposed master plan embraces the rich culture that has been thriving in Little Haiti and adjacent neighborhoods for decades. In the near term, Magic City will renovate existing factories, warehouses and buildings into unique leasable spaces for offices, galleries, ateliers, cafes, restaurants, retailers and pop-up shops.

Who are the partners?

The Magic City Innovative District brings together leading real estate developers and technology innovators, including:

Plaza Equity Partners, is a Miami-based real estate development and investment firm led by Neil Fairman, Anthony Burns and George Helmstetter. Plaza is a market-leading, full-service development and project management company offering on-staff architects and engineers, real estate sales and marketing, private mortgage lending, and construction management. Previous successes include Marina Palms Yacht Club & Residences, The Palms in Fort Lauderdale, Ocean Palms in Hollywood Beach, Paramount Bay in Miami’s Edgewater District, and Ocean House in Miami Beach’s South of Fifth Neighborhood.

Dragon Global is a Miami-based private investment firm focused on venture capital and real estate investments. Co-founded by Bob Zangrillo, who acts as its Chairman and CEO. Dragon Global’s current and predecessor funds have managed investments in excess of $1 billion in companies that now have over $500 billion of market value. Dragon Global’s current and former technology investments include, Didi Chuxing, Facebook, Fair, InterWorld, Jet.com, OnPoint, Twitter and Uber. Mr. Zangrillo is a co-founder of Magic City and is a strategic real estate investor who partners with local developers to help invest in and shape communities. Dragon Global focuses on developing live, work, play and learn innovation districts focused on technology, sustainability, health and wellness and art and entertainment.

Metro 1 is a forward-thinking real estate brokerage, management and development firm founded by Tony Cho. The company has completed over $1.5 billion in real estate transactions since 2005 and has been recognized every year since 2011 as one of the top 25 commercial real estate firms by South Florida Business Journal. Mr. Cho is a co-founder of Magic City and has dedicated his career to building neighborhoods and fostering innovation in the urban core of South Florida. He has been active in the Little Haiti community since 2001 and was one of the early pioneers and original property investors in Miami’s Wynwood neighborhood, where he played an integral role in transforming the area into a thriving center for the arts and culture.

Lune Rouge is a Montreal based enterprise founded by Guy Laliberte (Cirque du Soleil). The company focuses on projects mainly related to the technology, arts, entertainment and real estate sectors as well as initiatives with a positive social and environmental impact. Lune Rouge promotes innovation, creativity and entrepreneurship and will have a central role in the curation and creative direction of Magic City’s arts and entertainment venues.

Why the name Magic City?

The project is located on the site of the former Magic City Park, which was a collection of tourist cabins in the early twentieth century. As Florida became a haven for tourists in the early and mid-twentieth century, the Magic City Tourist Court became more popular. Over time, tourist cabins lost their popularity and the site became the Magic City Trailer Park. The name Magic City Innovation District pays tribute to the history of the site, while connecting it to the future.

How long will this project take?

Magic City Innovation District will be constructed in phases over a 10 to 15-year period and will include residential housing, commercial components, historic structure rehabilitations, and infrastructure improvements, including streets and parking, which will be constructed throughout the life of the project.

What will take place in the short-term?

The project will be developed over multiple years, but includes immediate activation and economic benefits to the community:

Phase I:

Warehouse Conversion: Magic City Innovation District includes over 200,000 square feet of rentable space within 20 unique buildings, warehouses and mixed-use spaces. Through adaptive reuse techniques Magic City is transforming existing factories, warehouses and historic buildings into unique spaces for offices, galleries, ateliers, cafes, restaurants, retailers.

Phase II:

Magic City Park Activation: In partnership with Lune Rouge, Magic City is applying for a Temporary Use Permit (TUP) with the City of Miami. The TUP will allow Lune Rouge to provide daily innovative programming and entertainment offerings through multi-media installations and interactive audiovisual experiences. The Park will include a souk (market) that showcases the work of international and local artists, as well as food and beverage outlets within unique temporary structures.

Phase III:

Master Plan Implementation: Development of a walkable campus consisting of retail, office, residential, hotel, entertainment, parks and other public spaces with a central linear urban park and walkway. The office component will consist of incubators, shared work spaces and laboratories for content providers, software developers, graphic designers, and much more. Commencement of this phase is currently estimated for 2020 and will take place over many years.

What will happen to the historic DuPuis building?

The historic DuPuis Medical Office and Drugstore will be rehabilitated and adapted into the master plan. The building has already been assessed by Douglas Wood and Associates and R.J. Heisenbottle and Associates, who are the preeminent historic preservation structural engineer and architect, respectively, in South Florida. The building has been carefully assessed and the necessary steps will be taken to comply with the City’s Historic and Environmental Preservation requirements, as well as other codes and ordinances. Magic City Innovation District treat’s the preservation of this building as a tribute to the history of the neighborhood.

How much green space does Magic City Innovation District envision adding?

Magic City Innovation District will create approximately 3.8 acres of open, green and civic space that will connect Eaton Park on the east to N.E. 2nd Avenue on the west. The development will also link to the Little Haiti Soccer Park, which enhances connectivity throughout the neighborhood.

Does Magic City Innovation District envision adding parking to the area?

Yes! Magic City Innovation District will bring many more parking options for visitors in the form of on-site street parking as well as parking garages throughout the area.

Are people going to live in the Magic City Innovation District?

Yes! Magic City Innovation District will build residential apartments with various building types, densities, and heights.

What is Magic City Innovation District’s vision for making the project environmentally sustainable?

Magic City Innovation District is committed to having a positive impact on the surrounding environment. All new ground up construction will be designed and built to Leadership in Energy & Environmental Design (LEED) standards with consideration to interconnectedness and sustainability for the entire District. Being located on a ridge affords the project with greater stability and resilience to sea-level rise and storm surge related events. Density along the FEC corridor is consistent with the City urban infill and resiliency plans.

What is the process moving forward?

The Magic City Innovation District will begin a multi-year collaborative process with Little Haiti and adjacent communities. Throughout this process, Magic City will be working with the community to ensure that the proposed master plan embraces the rich culture that has been thriving in Little Haiti for decades.

To ensure dialogue and feedback, Magic City has already begun conducting meetings with community members. The Magic City team looks forward to ongoing discussions and meetings with neighbors and community members regarding the best way to plan a development that integrates with and enhances Haitian and Caribbean culture.

How else will the Magic City Innovation District impact the community?

Preserving and celebrating the thriving Caribbean culture of Little Haiti and the surrounding neighborhoods has been a foremost priority throughout the planning of the Magic City Innovation District. In the process, the Magic City team has had an active role participating in the local community and working alongside organizations that have been serving the Little Haiti community for decades by providing support and assistance to local programs through the Magic City Innovation District Foundation.

What is The Magic City Innovation District Foundation?

The Magic City Innovation District Foundation is a charitable fund at the Miami Foundation, a 501(c)3. It is committed to the economic, social, and cultural prosperity of Little Haiti and the diverse population of people who live and work there. In partnership with community leaders, activists, organizations and government entities, the Foundation provides funding and support to programs that benefit the local community and facilitate sustainable growth.

What will be the economic impact for the community?

The Magic City Innovation District is committed to providing the right infrastructure to curate a community of businesses, makers and educators, who will develop a powerful, self-sustaining economic engine. To quantify the benefits from our growing community, an economic impact study was completed by a leading independent advisor. Here are the highlights from the study:

Where can I go for more information?

For more information, please visit our website at www.magiccitydistrict.com.