A Spanish developer is proposing an $880 million, 4,000-unit affordable housing complex, HueHub, in Miami, leveraging Florida's Live Local Act which allows zoning bypass for such projects. This represents the largest development yet under the 2023 Act, which despite generating significant interest, has seen few projects break ground, making HueHub a critical test case for the state's efforts to expand workforce housing in a high-cost market.
A Spanish developer has proposed an $880 million, 4,000-unit workforce housing complex named HueHub in Miami, representing the most ambitious project to date under Florida's 2023 Live Local Act. This legislation is critical as it allows developers to bypass local zoning regulations by dedicating a portion of units to affordable housing, a significant incentive in a market known for luxury developments and stringent zoning. However, the cautious outlook is warranted, as the article highlights a key execution risk: while the Live Local Act has spurred considerable interest, very few projects have broken ground and none have been completed. Therefore, HueHub serves as a crucial test case for the viability of this policy-driven approach to addressing housing affordability, and its progress will be a key indicator of whether this legislative model can successfully deliver large-scale workforce housing in high-cost markets.
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