{"id":10286,"date":"2025-07-30T13:52:23","date_gmt":"2025-07-30T17:52:23","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=10286"},"modified":"2025-08-04T13:58:00","modified_gmt":"2025-08-04T17:58:00","slug":"tulip-developments-receives-city-approval-for-499-unit-residential-tower-in-edgewater-under-floridas-live-local-act","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2025\/07\/30\/tulip-developments-receives-city-approval-for-499-unit-residential-tower-in-edgewater-under-floridas-live-local-act\/","title":{"rendered":"Tulip Developments Receives City Approval for 499-Unit Residential Tower in Edgewater Under Florida\u2019s Live Local Act"},"content":{"rendered":"<div id=\"pl-10286\"  class=\"panel-layout\" ><div id=\"pg-10286-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-10286-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-10286-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-5b99f59c01c9-10286\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd.png\" width=\"2500\" height=\"1042\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd.png 2500w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd-512x213.png 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd-1280x534.png 1280w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd-768x320.png 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd-1536x640.png 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/PR-Banner_3350-Biscayne-Blvd-2048x854.png 2048w\" sizes=\"(max-width: 2500px) 100vw, 2500px\" title=\"Principal Michael Hinton tapped to exclusively market Biscayne Boulevard development site with $32 million asking price\" alt=\"Principal Michael Hinton tapped to exclusively market Biscayne Boulevard development site with $32 million asking price\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<h3 class=\"widget-title\">Principal Michael Hinton tapped to exclusively market Biscayne Boulevard development site with $32 million asking price<\/h3><\/div><\/div><\/div><\/div><div id=\"pg-10286-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-10286-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-10286-1-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong><a href=\"http:\/\/lee-associates.com\/southflorida\/properties\/?propertyId=1471463-sale&amp;address=3350-Biscayne-Blvd&amp;officeId=3659\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10089\" src=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-512x512.png\" alt=\"\" width=\"248\" height=\"248\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-512x512.png 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-1280x1280.png 1280w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-256x256.png 256w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-768x768.png 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-1536x1536.png 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2025\/02\/Deal-Tile_3350-Biscayne-Blvd-2048x2048.png 2048w\" sizes=\"auto, (max-width: 248px) 100vw, 248px\" \/><\/a>MIAMI, FL (July 24, 2025)<\/strong> \u2013 Tulip Developments Group is proud to announce that its Edgewater development site has received approval from the City of Miami for a transformative 47-story residential tower under Florida\u2019s Live Local Act. The project, located at 3350 Biscayne Boulevard and 234-264 NE 34th Street, will deliver <strong>499 luxury and workforce housing rental units<\/strong>, reinforcing the city\u2019s commitment to inclusive urban growth.<\/p>\n<p>Originally envisioned as a mixed-use high-rise, the development has evolved to embrace the Live Local Act\u2019s incentives, allowing for increased density and a more impactful residential offering. The project will dedicate 40% of its units to households earning up to 120% of the area median income, supporting Miami\u2019s growing need for attainable housing. The project will have 296 market units and 203 workforce units and 5,555 sq ft of retail on the ground floor.<\/p>\n<p>Tulip Developments has actively been marketing the site with <strong><a href=\"https:\/\/www.lee-associates.com\/southflorida\/our-team\/michael-hinton\/\">Michael D Hinton, CCIM<\/a><\/strong> of <a href=\"https:\/\/www.lee-associates.com\/southflorida\/\">Lee &amp; Associates South Florida<\/a> and has already received <strong>multiple offers<\/strong>, reflecting strong investor confidence in the location and vision. The assemblage spans 0.8 acres and sits in the heart of Edgewater, one of Miami\u2019s most dynamic and rapidly evolving neighborhoods.<\/p>\n<p>\u201cThis approval is a direct result of our strategic approach to value creation,\u201d said <strong>Ofir Gabriel<\/strong>, partner at Tulip Developments. \u201cBy leveraging the Live Local Act, we\u2019ve unlocked significant development potential while aligning with Miami\u2019s housing goals. It\u2019s a win for the city, for future residents, and for our investors.\u201d<\/p>\n<p>The development team includes international and local leaders in real estate: Karl-Ulrich Ansorg of Berlin-based Ansorg Development, Yakov Elbaz of Royal Tulip Group, Ofir Gabriel of goTRG, and Amit Kort, a luxury homebuilder in South Florida.<\/p>\n<p>For more information on Lee &amp; Associates South Florida\u2019s recent transactions and available listings, visit www.leesouthflorida.com<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-10286-1-0-1\" class=\"so-panel widget widget_sow-image-grid panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image-grid so-widget-sow-image-grid-default-8bf08a9600e8-10286\"\n\t\t\t\n\t\t>\t<div\n\t\tclass=\"sow-image-grid-wrapper\"\n\t\t\t\tdata-max-height=\"250\"\t>\n\t\t\t\t\t<div class=\"sow-image-grid-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" title=\"Tulip Developments Receives City Approval for 499-Unit Residential Tower in Edgewater Under Florida\u2019s Live Local Act\" alt=\"\" class=\"sow-image-grid-image_html\" src=\"https:\/\/d33y5rc9xva21v.cloudfront.net\/eyJidWNrZXQiOiJidWlsZG91dC1wcm9kdWN0aW9uIiwia2V5IjoiZGF0YXMvMzE3NTM5MzIvNzFjYjllNDdiZDk1YWQ5Njg3NjMzYzFmYjU0OTJkMTQxZjlmOTBhNy9vcmlnaW5hbC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsid2lkdGgiOjIwMDAsImhlaWdodCI6MTUwMCwiZml0IjoiaW5zaWRlIiwid2l0aG91dEVubGFyZ2VtZW50Ijp0cnVlfX19\" >\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"sow-image-grid-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" title=\"Tulip Developments Receives City Approval for 499-Unit Residential Tower in Edgewater Under Florida\u2019s Live Local Act\" alt=\"\" class=\"sow-image-grid-image_html\" src=\"https:\/\/d33y5rc9xva21v.cloudfront.net\/eyJidWNrZXQiOiJidWlsZG91dC1wcm9kdWN0aW9uIiwia2V5IjoiZGF0YXMvMzE3NTM5MjgvYWRkZjdjNTNmNzUxNmUxZjVlMDRiNDIwMmY5MTUxMjIwY2MyMjM0NS9vcmlnaW5hbC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsid2lkdGgiOjIwMDAsImhlaWdodCI6MTUwMCwiZml0IjoiaW5zaWRlIiwid2l0aG91dEVubGFyZ2VtZW50Ijp0cnVlfX19\" >\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"sow-image-grid-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" title=\"Tulip Developments Receives City Approval for 499-Unit Residential Tower in Edgewater Under Florida\u2019s Live Local Act\" alt=\"\" class=\"sow-image-grid-image_html\" src=\"https:\/\/d33y5rc9xva21v.cloudfront.net\/eyJidWNrZXQiOiJidWlsZG91dC1wcm9kdWN0aW9uIiwia2V5IjoiZGF0YXMvMzE3NTM5MzgvY2JiYTI0MDViMmE2MDhkYTY5Yzc4NmZiZTEzMmUwNDA3MDA3MmRhYS9vcmlnaW5hbC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsid2lkdGgiOjIwMDAsImhlaWdodCI6MTUwMCwiZml0IjoiaW5zaWRlIiwid2l0aG91dEVubGFyZ2VtZW50Ijp0cnVlfX19\" >\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-10286-2\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-10286-2\" ><div id=\"pgc-10286-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-10286-2-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: justify\"><a href=\"https:\/\/www.lee-associates.com\/southflorida\/\"><strong><u>About Lee &amp; Associates | South Florida<\/u><\/strong><\/a><\/p>\n<p>Lee &amp; Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee &amp; Associates is the largest agent owned brokerage in the nation with Senior Agent\u2019s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making.\u00a0 The Lee &amp; Associates\u2019 robust national network that sold and leased over $120 Billion over the last 5 years offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee &amp; Associates South Florida, visit <a href=\"http:\/\/www.lee-associates.com\/\">leesouthflorida.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/leesouthflorida\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/leesouthflorida\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/leesouthflorida\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.instagram.com\/leesouthflorida\">Instagram<\/a>, our company <a href=\"https:\/\/www.lee-associates.com\/southflorida\/news\/\">local news<\/a>.<\/p>\n<p style=\"text-align: justify\"><a href=\"http:\/\/www.lee-associates.com\"><strong><u>About Lee &amp; Associates<\/u><\/strong><\/a><\/p>\n<p>Lee &amp; Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee &amp; Associates has grown its service platform to include over 75 offices\u00a0in the United States and Canada. Lee &amp; Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. \u00a0For the latest news from Lee &amp; Associates, visit\u00a0<a href=\"http:\/\/www.lee-associates.com\/\">lee-associates.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.linkbylee.com\/\">Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-10286-2-0-1\" class=\"so-panel widget widget_sow-image panel-last-child\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-dbf295114b96-10286\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/southflorida\/services\/\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-scaled.jpg\" width=\"2560\" height=\"384\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-scaled.jpg 2560w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-300x45.jpg 300w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-1024x154.jpg 1024w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-768x115.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-1536x230.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-2048x307.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"Blog Footer_Services and Specialties\" alt=\"Lee &amp; Associates South Florida Commercial Real Estate\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>MIAMI, FL (July 24, 2025) \u2013 Tulip Developments Group is proud to announce that its Edgewater development site has received approval from the City of Miami for a transformative 47-story residential tower under Florida\u2019s Live Local Act. The project, located at 3350 Biscayne Boulevard and 234-264 NE 34th Street, will deliver 499 luxury and workforce housing rental units, reinforcing the city\u2019s commitment to inclusive urban growth. Originally envisioned as a mixed-use high-rise, the development has&#8230;<\/p>\n","protected":false},"author":76,"featured_media":10088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1818,108,2],"tags":[1853],"class_list":["post-10286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-land-development","category-multifamily","category-press-releases","tag-michael-hinton"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tulip Developments Receives City Approval for 499-Unit Residential Tower in Edgewater Under Florida\u2019s Live Local Act - Lee &amp; Associates South Florida<\/title>\n<meta name=\"description\" content=\"Principal Michael Hinton tapped to exclusively market Biscayne Boulevard development site with $32 million asking price\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/southflorida\/2025\/07\/30\/tulip-developments-receives-city-approval-for-499-unit-residential-tower-in-edgewater-under-floridas-live-local-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tulip Developments Receives City Approval for 499-Unit Residential Tower in Edgewater Under Florida\u2019s Live Local Act\" \/>\n<meta property=\"og:description\" content=\"Principal Michael Hinton tapped to exclusively market Biscayne Boulevard development site with $32 million asking price\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/southflorida\/2025\/07\/30\/tulip-developments-receives-city-approval-for-499-unit-residential-tower-in-edgewater-under-floridas-live-local-act\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; 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