Magic City Innovation District – Little Haiti Creates Leasing Ethos Committing to Sustainability and Social Responsibility

MIAMI, FL – The Magic City Innovation District – Little Haiti (MCID) announced today that all future tenants will adhere to the social responsibility parameters that they have created to have a more sustainable and resilient development, focusing on becoming an asset to the Little Haiti community.

MCID, which also announced adding Little Haiti to its official name in order to highlight its commitment to the historic neighborhood and the community with which it has worked tirelessly over the past two years, is also pledging one percent of base rental revenues generated from each lease to the Magic City Innovation District Foundation for the funding of positive social, environmental, and cultural endeavors in the Little Haiti neighborhood. Through its leasing ethos, MCID is encouraging tenants to match these investments that will highly benefit the local community.

“Our commitment to Little Haiti is unwavering and we will continue implementing practices that show that we take our promises and obligations seriously. We are proud to add Little Haiti to our official name and to have created our leasing ethos of sustainable and socially responsible parameters that we believe will make a difference not only in the future of our development, but of the community as well,” said Neil Fairman, Managing Partner, MCID. “We look forward to working with the different tenants to establish individual action plans to ensure adherence to our social responsibility parameters.”

“We are excited that there will be a dedicated funding source to support the community, Said Neil Fairman. “We have been working with the community for years in order to develop a plan that will preserve the thriving culture of Little Haiti. These are important promises made and promises kept.”

Moving forward, all MCID’s leases will include several standards to ensure that there is a balance between the development’s economic, social, and environmental interests. Some of these include improving environmental performance by reducing the use of water, energy, raw materials, and toxic substances, with the goal of eliminating the emission of pollutants, creating optimal working conditions and a respectful relationship with employees, establishing partnerships with companies and organizations who share the same social and environmental commitments, and building bridges with the community to be responsible changemakers and positive neighbors.

About Magic City Innovation District – Little Haiti (MCID)

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

About Magic City Innovation District Foundation (MCID Foundation)

The team behind MCID also created the Magic City Innovation District Foundation, a charitable fund at the Miami Foundation, a 501(c)(3) non-profit corporation, to support the economic, social, and cultural prosperity of Little Haiti and the diverse population who lives and works in the area. In partnership with the community, the MCID Foundation will continue funding and supporting programs that benefit the local community and facilitate sustainable growth. This includes investments in the Gang Alternative Technology Summer Camp, small business training for local, minority-owned businesses, the Women of Tomorrow’s mentorship program at Edison High School, and the Little Haiti Football Club (the premier youth soccer program in the neighborhood), to ensure that all members of the community can grow and thrive together for years to come.

CONTACT: Danielle Alvarez
(786) 586-3989
dalvarez@mercuryllc.com

MAGIC CITY INNOVATION DISTRICT – LITTLE HAITI ®

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