The Residences at Sawyer's Walk (Block 55)

The Block 55 development project is currently under construction. Block 55 is a 3.44-acre previously vacant property on SEOPW CRA-provided land at 249 NW 6th Street, adjacent to Downtown Miami. The proposed mixed-use development will comprise 578 affordable residential units, half of which will target families earning less than 50% of the area median income (AMI). The other half will target low-income families between 50% AMI and 80% AMI. Additionally, the project will include 250,000 square feet (about twice the area of a Manhattan city block) of retail/restaurant/office and entertainment space, along with a parking garage for 925 cars. National interest in Sawyers Landing has come from Target, Burlington, Aldi, and Ross. The development agreement also provides for the land transfer to the developer at a reduced purchase price exceeding $10 million, which the SEOPW CRA will use to reinvest into the Redevelopment Area. Construction on this project is estimated to be completed in late 2024.