New Urban Development Lands $32M Permit for View 29 in Wynwood

Miami-Dade County issued a $32 million building permit on September 4 for a 116-unit, 12-story building at 2901 NW 2nd Ave on the Wynwood-Allapattah line, our permit wire’s read of the county’s RER dataset shows. The address, unit count and floor plan match View 29, an affordable and workforce housing project that New Urban Development, the real estate development affiliate of the Urban League of Greater Miami, has been trying to build on the site since 2019.

Why it matters

View 29 is a case study in how long affordable housing takes to reach a permit in Miami, even with a mission-driven, publicly backed sponsor. The Wynwood Design Review Committee deferred the project in May 2021 over concerns about the building’s mass and scale, and New Urban Development spent the years since revising the design, at one point cutting the unit count to 60 before restoring it to 116. A construction permit is the clearest signal yet that the project has cleared its remaining design and financing hurdles and is headed toward vertical work, at a moment when Wynwood’s affordable and workforce stock has not kept pace with market-rate delivery in the neighborhood.

The numbers

The new permit lists a declared construction cost of $32 million across 182,000 square feet, with the contractor listed as the owner itself. That sits alongside a separate financing track: the Housing Finance Authority of Miami-Dade County authorized $44 million in multifamily mortgage revenue bonds for View 29, reported in February, with a bond-issuance vote that followed in March. The gap between the permit’s declared value and the larger bond amount reflects that the bonds cover more than the building shell, including financing costs and reserves typical of an affordable housing capital stack. The project also carries plans for 6,910 square feet of ground-floor retail alongside its residential units.

What’s next

The building permit clears the way for New Urban Development to move into construction, but the project’s history argues for tracking it closely rather than assuming a straight line to completion. The next milestones to watch are a groundbreaking date and confirmation of a general contractor, neither of which has been reported publicly since the permit was issued.