UNIVERSITY OF MIAMICAROLINA DOMINGUEZ | TROY GULEC | DIEGO MION | LAURA STEVENS

TO REVITALIZE A FINANCIALLY STAGNANT CITY AND OVERCOME THE PSYCHOLOGICAL AND FINANCIAL HURDLES

CURRENTLY PRESENT IN OPA LOCKA.

THE PURPOSE OF WEST VILLAGE IS CLEAR: TO CREATE A NEIGHBORHOOD THAT PROVIDES VARIOUS

OPPORTUNITIES FOR LOCAL AND NEW RESIDENTS TO COME TOGETHER, GROW AND REACH THEIR FULL

POTENTIAL.

SITE & CONTEXT FINANCIAL ANALYSIS

CONCLUSIONDESIGN

CONCEPT

• COCONUT GROVE

• 16 MILES

• MIRACLE MILE

• 11.4 MILES

• BRICKELL CITY CENTRE

• 13.3 MILES

• WYNWOOD

• 10.4 MILES

• DESIGN DISTRICT

• 10 MILES

• CALLE OCHO

• 13.5 MILES

• TRI-RAIL STATION LOCATED 2 BLOCKS

AWAY.

• REGULAR BUS ROUTES ALONG ALI BABA

AVE.

• OPA-LOCKA AIRPORT: 3000 EMPLOYEES.

• LOCATED 2 MILES FROM ST. THOMAS

UNIVERSITY: 4000 STUDENTS AND

EMPLOYEES COMBINED.

• 1 MILLION SF AMAZON FULFILLMENT

CENTER ADJACENT TO DEVELOPMENT

SITE: 2000 EMPLOYEES.

• 20,000 CARS PASS BY THE SITE DAILY.

DO

UG

LAS

RO

AD

African American

46%

Hispanic28%

White25%

Asian/Other1%

RACIAL DIVERSITY

A G E

• 33.1%: < 17

• 46.2%: 18-54

• 15.6%: 55-74

• 4.9%: 75+

I N C O M E

• MEDIAN HOUSEHOLD INCOME: $20,966

• POVERTY LEVEL: 45%

• LOCATED BETWEEN 3 HIGHWAYS.

• ADJACENT TO NEWLY BUILT AMAZON DISTRIBUTION CENTER ($41,000 MEDIAN INCOME).

• ADJACENT TO OPA LOCKA TRI-RAIL STATION.

• INCREASING DENSITY AND COMMERCIAL PRESENCE.

• GROWING HOUSING DEMAND.

• PASSING TRAFFIC: GREAT COMMERCIAL VISIBILITY.

• LOW RENTAL RATES.

• CRIME RATES.

• NO EXISTING RETAIL/OFFICE SPACE.

• DEMOLITION OF EXISTING STRUCTURES.

• COMMUNITY ACTIVISM.

• POTENTIAL SHIFT IN MARKET.

SITE & CONTEXT FINANCIAL ANALYSIS

CONCLUSIONDESIGN

CONCEPT

HEALTH & WELLNESS

INTERACTION

safetyWALKABILITY

IDENTITY

adaptable

LEEDwater managementSHADE

permeability

walkability

EXPOSURElocal businesses

FLEXIBLE

sense of place

dynamic mix

LOCAL MATERIALS

AFFORDABLE

12

1

2

AMAZON DISTRIBUTION CENTER

TRI-RAIL STATION

TOTAL SITE: 43 ACRES

• ¼ MILE RADIUS FROM TRI-RAIL

STATION AND AMAZON

DISTRIBUTION CENTER.

• REDUCE VEHICULAR USE.

• PUBLIC GREEN SPACES

APPROXIMATELY A 2 MIN WALK

FROM EVERY LOCATION.

LEGEND

RESIDENTIAL

MIXED USE

SUPERMARKET

DAYCARE

CIVIC

MEDICAL FACILITY

TRI-RAIL STATION

14 ACRES

476 MULTIFAMILY UNITS

100,000 SF RETAIL/OFFICE

18,000 SF SUPERMARKET

12,000 SF DAYCARE CENTER

18 ACRES

714 MULTIFAMILY UNITS

198,000 SF RETAIL/OFFICE

37,000 SF MEDICAL FACILITY

14,000 SF DRUG STORE

11 ACRES

594 MULTIFAMILY UNITS

15,000 SF LIBRARY

10,000 SF RECREATIONAL CENTER

5,000 SF POST OFFICE

1BR / 1BA (700 SF) 2BR / 1BA (850 SF) 3BR / 2BA (1200 SF)

EYES ON THE STREET

SHADED

SIDEWALKS

EYES ON THE STREET

BOULEVARD TYPICAL STREET

SOCIALINCREASED INTERACTION INCREASES SAFETY

ENVIRONMENTALPROMOTES MULTIPLE FORMS OF TRANSPORTATION

ECONOMICCREATES LOCAL JOBS

SOCIALCATERS TO LOCAL RESIDENTS

ENVIRONMENTALINCORPORATES NATURAL ELEMENTS

ECONOMICATTAINABLE LEASE RATES

SOCIALPROVIDES HEALTH SERVICES FOR THE COMMUNITY

ENVIRONMENTALUSES GREEN AS A WAY OF HEALING

ECONOMICFULFILLS A NEED AND PROVIDES JOBS

SOCIALBRINGS THE NEIGHBORHOOD TOGETHER

ENVIRONMENTALPROVIDES STORMWATER MANAGEMENT

ECONOMICINCREASES VALUE FOR SURROUNDING BUILDINGS

SITE & CONTEXT FINANCIAL ANALYSIS

CONCLUSIONDESIGN

CONCEPT

MULTI FAMILY MARKET RENT: $1.70 / SF / MO.

• OPA LOCKA MARKET RENT (COSTAR/REIS): $1.65 / SF / MO.

• RENT COMPS AVG: $1.54 / SF / MO.

• MARKET VACANCY: 4%

COMMERCIAL MARKET RENT: $25 / SF / YR.

• MARKET VACANCY: 5%

LACK OF ENTERTAINMENT AND AFFORDABLE HOUSING IN AREA.

OPA LOCKA MULTI FAMILY MARKET RENT PER SF

1 BR / 1 BA

2 BR / 1 BA

3 BR / 2 BA

RESIDENTIAL UNIT MIX

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9

Phase 1

Phase 2

Phase 3

Development Stabilization Disposition

$110,438,315

$191,699,670

$118,696,075

$279,794,479

$163,022,898

$176,140,668

MARKET RENTS: 3% GROWTH RATE

VACANCY RATES: COMMERCIAL 4%

RESIDENTIAL 5%

OPERATING EXPENSES 30% OF YEAR 1 STABILIZED EGI

CAPEX RESERVE $0.25/SF PER YEAR

SITE & CONTEXT FINANCIAL ANALYSIS

CONCLUSIONDESIGN

CONCEPT

W E S T V I L L A G E STRIVES TO CREATE AN IDENTITY FOR THE REGION BY CREATING A WALKABLE NEIGHBORHOOD WITH

AN ACTIVE STREETSCAPE, PUBLIC GREENS, AND AFFORDABLE OPTIONS FOR HOUSING AND BUSINESS ENDEAVORS.

BY DOING SO, WEST VILLAGE IS AN EXAMPLE OF HOW THE REDEVELOPMENT OF A STRUGGLING AREA CAN I M PA C T A

C O M M U N I T Y S O C I A L LY, E C O N O M I C A L LY, A N D E N V I R O N M E N TA L LY .

T H A N K Y O U