MMG Equity Partners Secures Site Plan Approval For Project With Affordable Housing Component In North Miami

MMG Equity Partners has received site plan approval from the City of North Miami for Griffin Parkview Apartments, an eight-story multifamily development located at 12300 W. Dixie Highway.

The 110-unit rental project will be developed under Florida’s Live Local Act, with at least 71 units designated for households earning at or below 120% of the Area Median Income (AMI). Groundbreaking is anticipated in the second quarter of 2026.

“We thank the city of North Miami for their support,” stated Marcos Puente, principal of acquisitions and development, MMG Equity Partners. “Our team looks forward to delivering a project that provides much needed affordable housing and contributes to the neighborhood’s continued revitalization. While retail remains a cornerstone of our business, we’re increasingly focused on thoughtfully integrating residential components into or alongside our existing commercial properties to create more cohesive, mixed-use environments.”

Situated on 1.46 acres, the development will span 97,461 square feet and offer a mix of 21 studios, 47 one-bedroom, and 42 two-bedroom apartments, ranging from 548 to 930 square feet. Monthly rents will range from $1,850 to $2,400.

Griffin Parkview Apartments is located directly behind MMG’s Colonial Shopping Center, which offers everyday conveniences such as Presidente Supermarket, T-Mobile, and Wellmax Medical Center. The project’s proximity to retail enhances walkability and provides future residents with immediate access to essential services.

This development is part of a strategic expansion of MMG’s portfolio into the residential sector. Widely regarded for its success in retail real estate, MMG is leveraging its expertise to create environments that seamlessly integrate commercial and residential uses.

In addition to Griffin Parkview Apartments, MMG currently has multifamily projects underway in Plantation and Homestead, further signaling the firm’s commitment to meeting South Florida’s growing demand for attainable housing.