Former Major League Baseball star Mo Vaughn’s company is planning a $17 million mixed-use project on the border of Miami’s Edgewater and Wynwood.
An affiliate of Omni America, the New York-based development firm co-founded by Vaughn and his partner Eugene Schneur, recently submitted plans with the city of Miami’s building department for Omni 21. The 10-story building would have 97 apartments and roughly 6,000 square feet of restaurant and retail space on the ground floor.
The estimated construction cost is $17.2 million, the plans show. Miami-based Modis Architects designed Omni 21, and Pompano Beach-based Current Builders is the project’s general contractor.
Omni America also filed plans with the Miami-Dade Department of Environmental Resources Management (DERM) for the construction of drainage walls and the removal of contaminated soil on a portion of the 0.6-acre site at 100 Northeast 21st Street.
In 2020, an Omni America affiliate paid $4.5 million for a warehouse on the site, which was completed in 1967, and an adjacent lot, records show. The 9,856-square-foot building was demolished in July, according to an engineering report filed with DERM.
Omni America also owns a nearly 0.7-acre development site at 116 Northeast 24th Street, which the firm acquired for $7.2 million in 2021, records show.
Founded in 2004 after Vaughn retired from Major League Baseball, Omni America’s sister company Omni New York has acquired more than 7,800 units of affordable housing in the Empire State, according to its website. Omni America also owns seven multifamily properties in Maryland, Massachusetts, New Jersey, Rhode Island and Wyoming. A three-time All-Star, Vaughn played for the Boston Red Sox, Anaheim Angels and the New York Mets.
In 2019, Omni America sold an affordable housing apartment building in Miami’s Little River for $6.8 million.
Omni 21 will rise near another development site owned by Brooklyn-based Heritage Equity Partners. Heritage, led by Toby Moskovits and Michael Lichtenstein, is proposing to redevelop a Midas Automotive Center into Edgewood 22, an 18-story rental project with 120 apartments.
Heritage paid $6.3 million for the half-acre site in the first quarter of last year, when the price per acre for developable land in Miami urban’s core — which includes Edgewater and Wynwood — hit $24.1 million, according to Real Capital Analytics data provided by Colliers.