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The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily tower in Miami’s Little Havana neighborhood, amid an apartment building frenzy in South Florida.
Cornerstone and Brookstone, both based in Hollywood, want to develop an eight-story building with a 5,000-square-foot grocery store on a 2.4-acre site on the northwest corner of Northwest Eighth Avenue and West Flagler Street, according to an application attached to a Miami board’s agenda. The assemblage is at 826, 834, 842, 852 and 860 Northwest First Street; 805, 815, 827, 835, 843, 853 and 861 West Flagler Street; and 26 Northwest Eighth Avenue.
The Miami Urban Development Review Board will vote on the proposal at its meeting on Wednesday, including on the developers’ waiver requests. Cornerstone and Brookstone seek a 10 percent reduction of required parking spaces, a bigger spacing between residential entrances and other waivers from the city code.
Designed by Corwil Architects, the building will consist of 38 studios, 170 one-bedroom apartments and 146 two-bedroom apartments, according to the application. It also will have a 500-space garage and 26 on-street spaces.
Cornerstone and Brookstone are affiliated and share a Hollywood headquarters, according to their websites. Both are led by Jorge Lopez, Leon J. Wolfe and Mara Mades.
The firms bought the majority of the development site for $15 million in 2023, records show. They also paid $825,000 for the property at 26 Northwest Eighth Avenue, according to records.
Sellers New York-based Posner Group and Miami Beach builders Todd Michael Glaser and i3 Development, led by Alan I. Amdur, had planned a mixed-use project for the site. They scored a $26.5 million acquisition, pre-development and construction loan in 2021. They planned a three-story, 52,500-square-foot retail building and a two-level garage with 217 parking spaces for the first phase, and a 20-story multifamily building with retail for the second phase.
Across South Florida, developers continue to propose and build multifamily projects, despite a supply overhang that’s led to slower lease-ups, increased concessions and a decline in rents. In September, the median asking rent in the tri-county region was $2,298, a 3 percent drop from the same month last year, according to Realtor.com.
Developers with apartments under construction say demand will catch up, and rent growth will resume by the time they complete their buildings next year and in 2027.
In downtown Miami, Great Neck, New York-based Namdar Group is expected to complete a 43-story, 680-unit apartment tower at 55 Northeast Second Street early next year, and started construction in September of an adjacent 43-story, 714-unit tower at 50 Northeast Third Street.
Keystone Development + Investment is working on an office-to-residential conversion near Dadeland Mall, creating 212 apartments, combined, at the office buildings at 9400 South Dadeland Boulevard and 9500 South Dadeland Boulevard in unincorporated Miami-Dade County.
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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAwNDk2″,”databaseId”:1000496,”title”:”Cornerstone, Brookstone propose 354-unit multifamily project in Little Havana”,”status”:”publish”,”slug”:”cornerstone-brookstone-plan-little-havana-rental-project”,”uri”:”/miami/2025/11/13/cornerstone-brookstone-plan-little-havana-rental-project/”,”link”:”https://therealdeal.com/miami/2025/11/13/cornerstone-brookstone-plan-little-havana-rental-project/”,”dateGmt”:”2025-11-13T19:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eThe Cornerstone Group and Brookstone Partners propose a 354-unit multifamily tower in Miami’s Little Havana neighborhood, amid an apartment building frenzy in South Florida. u003c/pu003enu003cpu003eCornerstone and Brookstone, both based in Hollywood, want to develop an eight-story building with a 5,000-square-foot grocery store on a 2.4-acre site on the northwest corner of Northwest Eighth Avenue and West Flagler Street, according to an application attached to a Miami board’s agenda. The assemblage is at 826, 834, 842, 852 and 860 Northwest First Street; 805, 815, 827, 835, 843, 853 and 861 West Flagler Street; and 26 Northwest Eighth Avenue.u0026nbsp;u003c/pu003enu003cpu003eThe Miami Urban Development Review Board will vote on the proposal at its meeting on Wednesday, including on the developers’ waiver requests. Cornerstone and Brookstone seek a 10 percent reduction of required parking spaces, a bigger spacing between residential entrances and other waivers from the city code.u0026nbsp;u003c/pu003enu003cpu003eDesigned by Corwil Architects, the building will consist of 38 studios, 170 one-bedroom apartments and 146 two-bedroom apartments, according to the application. It also will have a 500-space garage and 26 on-street spaces.u0026nbsp;u003c/pu003enu003cpu003eCornerstone and Brookstone are affiliated and share a Hollywood headquarters, according to their websites. Both are led by Jorge Lopez, Leon J. Wolfe and Mara Mades.u0026nbsp;u003c/pu003enu003cpu003eThe firms bought the majority of the development site for u003ca href=”/miami/2023/07/03/cornerstone-affiliate-buys-little-havana-dev-site-for-15m/”u003e$15 millionu003c/au003e in 2023, records show. They also paid $825,000 for the property at 26 Northwest Eighth Avenue, according to records.u003c/pu003enu003cpu003eSellers New York-based Posner Group and Miami Beach builders Todd Michael Glaser and i3 Development, led by Alan I. Amdur, had planned a mixed-use project for the site. They scored a u003ca href=”/miami/2021/08/19/developers-of-little-havana-mixed-use-project-score-27m-construction-loan/”u003e$26.5 millionu003c/au003e acquisition, pre-development and construction loan in 2021. They planned a three-story, 52,500-square-foot retail building and a two-level garage with 217 parking spaces for the first phase, and a 20-story multifamily building with retail for the second phase.u0026nbsp;u003c/pu003enu003cpu003eAcross South Florida, developers continue to propose and build multifamily projects, despite a u003ca href=”/miami/2025/01/24/after-record-south-florida-rental-completions-lease-ups-slow/”u003esupply overhangu003c/au003e that’s led to slower lease-ups, increased concessions and a decline in rents. In September, the median asking rent in the tri-county region was $2,298, a 3 percent drop from the same month last year, according to Realtor.com.u0026nbsp;u003c/pu003enu003cpu003eDevelopers with apartments under construction say u003ca href=”/miami/2025/10/31/are-developers-overbuilding-apartments-in-south-florida/”u003edemand will catch upu003c/au003e, and rent growth will resume by the time they complete their buildings next year and in 2027.u0026nbsp;u003c/pu003enu003cpu003eIn downtown Miami, Great Neck, New York-based Namdar Group is expected to complete au0026nbsp; u003ca href=”/miami/2025/11/03/namdar-nabs-460m-in-loans-from-scale-lending/”u003e43-story, 680-unitu003c/au003e apartment tower at 55 Northeast Second Street early next year, and started construction in September of an adjacentu0026nbsp; 43-story, 714-unit tower at 50 Northeast Third Street.u0026nbsp;u003c/pu003enu003cpu003eKeystone Development + Investment is working on an office-to-residential conversion near Dadeland Mall, creating u003ca href=”/miami/2025/10/31/keystone-nabs-loan-for-office-to-resi-conversion-in-dadeland/”u003e212 apartmentsu003c/au003e, combined, at the office buildings at 9400 South Dadeland Boulevard and 9500 South Dadeland Boulevard in unincorporated Miami-Dade County.u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/miami/2025/01/24/perezes-related-plans-little-havana-live-local-act-project/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”150″ height=”106″ src=”https://static.therealdeal.com/wp-content/uploads/2025/01/Perezes-Related-Plans-Little-Havana-Live-Local-Act-Project_FT-Thumbnail-150×106.jpg” class=”FeaturedImage_image wp-post-image” alt=”Pérezes’ Related Plans Little Havana Live Local Act Project” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eSupersized: Pérez family’s Related proposes 1K-plus-unit Live Local Act expansion of Little Havana public housing complex u003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/04/18/developer-proposes-live-local-act-tower-in-little-havana/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”142″ src=”https://static.therealdeal.com/wp-content/uploads/2025/04/Developer-Proposes-Live-Local-Act-Tower-in-Little-Havana-f-200×142.jpg” class=”FeaturedImage_image wp-post-image” alt=”Developer Proposes Live Local Act Tower in Little Havana” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eDeveloper proposes 166-unit Live Local Act tower in Miami’s Little Havana u003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/12/swerdlow-pinnacle-propose-over-1k-homes-in-miami-dade/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/Swerdlow-Pinnacle-Propose-Over-1K-Homes-in-Miami-Dade-_-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eMiami-Dade to consider no-bid deals for Swerdlow, Pinnacle to redevelop public housing complexesu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003enntt”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”A Miami board will vote on the plan on Wednesday “,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-13T19:38:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eThe Cornerstone Group and Brookstone Partners are proposing an eight-story, 354-unit multifamily project in Miami’s Little Havana neighborhood, which includes a 5,000-square-foot grocery store.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe developers seek several waivers from the city code, including a 10 percent reduction in required parking spaces. The Miami Urban Development Review Board is scheduled to vote on the proposal on Wednesday.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe 2.4-acre development site was acquired by affiliates of the two Hollywood-based firms in 2023 for a total of $15.8 million, taking over from a previous development group that had planned a mixed-use project.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/GATngtjcrl2BU4CXxZOG/GATngtjcrl2BU4CXxZOG.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-768×512.jpg 768w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-1024×683.jpg 1024w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-50×33.jpg 50w, /wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eThe Cornerstone Group and Brookstone Partnersu0026#8217; Mara Mades with a rendering of a multifamily projectu0026#8230;u003c/pu003en”,”altText”:”The Cornerstone Group and Brookstone Partners’ Mara Mades with a rendering of a multifamily project in Miami’s Little Havana (LinkedIn, Corwil Architects)”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”The Cornerstone Group and Brookstone Partners’ Mara Mades with a rendering of a multifamily project in Miami’s Little Havana (LinkedIn, Corwil Architects)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project-50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eThe Cornerstone Group and Brookstone Partnersu0026#8217; Mara Mades with a rendering of a multifamily projectu0026#8230;u003c/pu003en”,”altText”:”The Cornerstone Group and Brookstone Partners’ Mara Mades with a rendering of a multifamily project in Miami’s Little Havana (LinkedIn, Corwil Architects)”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Cornerstone, Brookstone Plan Little Havana Rental Project”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily project in Miami’s Little Havana. ” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/13/cornerstone-brookstone-plan-little-havana-rental-project/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Cornerstone, Brookstone propose 354-unit multifamily project in Little Havana” /u003enu003cmeta property=”og:description” content=”The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily project in Miami’s Little Havana. ” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/13/cornerstone-brookstone-plan-little-havana-rental-project/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-13T19:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Brookstone-Partners-and-the-Cornerstone-propose-Apartment-Project.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Lidia Dinkova” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily tower in Miami’s Little Havana neighborhood, amid an apartment building frenzy in South Florida. Cornerstone and Brookstone, both based in Hollywood, want to develop an eight-story building with a 5,000-square-foot grocery store on a 2.4-acre site on the northwest corner of Northwest Eighth Avenue and West Flagler Street, according to an application attached to a Miami board’s agenda. 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Cornerstone Brookstone Plan Little: What to Plan Before You Start
Cornerstone Brookstone Plan Little: Practical Checklist
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FAQ: Cornerstone Brookstone Plan Little
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