Brownsville Transit Village
THE OPPORTUNITY
Roughly 5.8 acres of County-owned land were occupied by a vastly underutilized parking lot serving the Brownsville Metrorail Station. Looking for ways to best leverage its asset, Miami-Dade County reached out to several groups for solutions.
THE APPROACH
In partnership with Miami-Dade Transit and St. Agnes Community Development Corporation, whose mission is to develop affordable housing for low- and moderate- income inner city families, Carlisle proposed a development strategy that would provide substantial ground lease payments to both St. Agnes CDC and the County. The ultimate result of this unique public-private partnership will be a vibrant mixed-use, transit-oriented, affordable housing community and a catalyst for future development in the Brownsville neighborhood.
Phases I and II were primarily financed through the Tax Credit Exchange Program (TCEP), promulgated under the American Reinvestment and Recovery Act (ARRA). The two phases also received supplemental loans for adopting greater set-asides for households earning up to 33% of area median income (AMI), and Surtax funds from Miami-Dade County. Phases III and IV utilized traditional Low-Income Housing Tax Credit (LIHTC) equity in addition to County Surtax and TCEP gap funds.
In order to become a true transit-oriented development, BTV needed to create a dense community and a destination for transit riders throughout the County. To ensure that this plan would complement the existing low-density neighborhood, Carlisle worked closely with the Brownsville Neighborhood Civic Association to develop a shared vision for the master plan. As a result, generous setbacks and massing, as well as townhomes lining the parking garage, offer a less intimidating visual approach to the neighborhood. Additionally, ground floor retail spaces accommodating a mix of uses, along with the open layout of the development, will ultimately contribute to a valuable civic space for the community.
Further, designed with green-living in mind, BTV will also include numerous energy and water efficiency features as part of its LEED-certified designation.
THE RESULTS
When complete, BTV will be the largest transit-oriented development of its kind in the country. It will also be the 1st LEED certified transit-oriented development in Miami-Dade County.
As a true mixed-use and mixed-income community, BTV will establish a walkable, live-work-play environment. The project will bring in new investment and new retail opportunities as well as serve as a model for future sustainable development in Miami’s inner city. Additionally, the development will help to increase transit ridership, reduce the impact of suburban sprawl, and provide residents with immediate and convenient access to most of Miami-Dade’s employment centers.
