Under the Live Local Act, the Property may be able to apply to a density of up to 150 units+ and 8 stories, by renting at least 40% of the units to residents earning up to 120% area median income (“AMI”). The area is ripe for development, with major projects nearby like the Magic City Innovation District - Little Haiti with 2,700 units, AJ Capital’s Little River with a few hundred units, CEDAR st’s multifamily project on 77th St & NE 2 Ave with 191 units, and Morgan Reed’s Little River Center with 100 units.