news & Updates from Block 55

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2025 BALA Silver Awards
Karla Chansuolme Karla Chansuolme

2025 BALA Silver Awards

Block 55 at Sawyer’s Walk, developed by Swerdlow Group in Miami, Florida, has been recognized in the 2025 NAHB Best in American Living Awards (BALA) under Category 26 – Best Mixed-Use Community, Multifamily. The project is highlighted on page 29 of the official BALA digital awards publication.

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2025 BALA Silver Awards
Karla Chansuolme Karla Chansuolme

2025 BALA Silver Awards

Sawyer’s Walk, developed by Swerdlow Group, has been recognized in the 2025 NAHB Best in American Living Awards in Category 19 – Best Affordable Multifamily, Mid-Rise/High-Rise (6 stories or more). The project is highlighted on page 22 of the official BALA digital awards publication.

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2025 FRA Award Winner Showcase: Outstanding Housing Project – Small City
Karla Chansuolme Karla Chansuolme

2025 FRA Award Winner Showcase: Outstanding Housing Project – Small City

Sawyer’s Walk, a transformative 3.44-acre development in the heart of Overtown, Miami, revitalized land once vacant at 249 NW Sixth Street. This mixed-use project encompasses 578 affordable units (Residences at Sawyers Walk). Half are reserved for seniors earning below 50% of the area’s median income, which offers relief for families amid the nation’s housing crisis. It also brings 250,000 square feet of commercial and entertainment space, anchored by major retailers such as Target, Aldi, and Ross. With a 925-space garage and MSC Group headquarters on-site, it’s a catalyst for economic growth. The Southeast Overtown Park West Community Redevelopment Agency’s strategic land investment, valued at $18 million, fuels further neighborhood reinvestment and long-term community transformation.

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Miami amped up affordable development as Broward, Palm Beach fall short
Karla Chansuolme Karla Chansuolme

Miami amped up affordable development as Broward, Palm Beach fall short

As South Florida’s decadeslong housing affordability crisis surged in the past few years, developers in Miami took note –– unlike those in Fort Lauderdale and West Palm Beach.  

In Miami-Dade County, 8,690 affordable units were completed from 2020 through 2024, according to RentCafe, a Yardi Systems-owned apartment listing and research platform. That marks a 97 percent increase from the deliveries in the Magic City from the period from 2015 to 2019. 

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A major cruise line has unveiled its new Miami headquarters
Karla Chansuolme Karla Chansuolme

A major cruise line has unveiled its new Miami headquarters

MSC Cruises, along with its luxury sister company Explora Journeys, has a new headquarters in Miami for its growing North American market MSC Group’s new North American headquarters for its cruise division is off Interstate 95 near downtown Miami — and although employees have been working from the new Overtown office for several weeks, they celebrated a ribbon cutting on Monday.

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2025 Senior Housing News Architecture & Design Award
Karla Chansuolme Karla Chansuolme

2025 Senior Housing News Architecture & Design Award

Sawyer’s Walk at Block 55 is a nationally significant model for mixed-use, affordable housing development that has addressed Miami’s housing affordability crisis. Its residences comprise the largest affordable senior housing community built on a single site in the U.S. in the past decade, delivering 578 high-quality residences for low-income seniors that is fully leased in Overtown, a historically black community.

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2025 Structures Awards: Best Affordable Residential Project
Alexander Swerdlow Alexander Swerdlow

2025 Structures Awards: Best Affordable Residential Project

Rising 18 stories above Miami’s urban core, Block 55 at Sawyer’s Landing is a mixed-use development that marries purpose with place. Built by Coastal Construction for a joint venture of Swerdlow Group and SJM Partners, this 1.4 million-square-foot project delivers community revitalization, inclusivity and architectural ambition.

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Now with More Affordable Housing, Massive Makeover Plan for Little River Nears Approval
Aisha Ameir Aisha Ameir

Now with More Affordable Housing, Massive Makeover Plan for Little River Nears Approval

It was already one of the biggest redevelopment proposals in Miami-Dade history, a $3 billion plan aiming to remake a broad swath of Miami’s Little River-Little Haiti neighborhood with an intensive focus on affordable housing, transit, and jobs. Now, as it heads toward likely approval from the County Commission, it’s only gotten larger in scope and ambition.

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Global Shipping Company Makes Major Downtown Miami Investment for New Headquarters
Alexander Swerdlow Alexander Swerdlow

Global Shipping Company Makes Major Downtown Miami Investment for New Headquarters

MSC Group invested more than $100 million in downtown Miami for its new North American headquarters, creating nearly 500 jobs. The Switzerland-based global logistics and shipping company bought 130,000 square feet of office space at Block 55 at Sawyer’s Walk last year for $67 million. MSC Group is spending $40 million to build out the space and get it ready to house the company's North American headquarters. Employees from three of the company's divisions — MSC Cargo, MSC Cruises and Explora Journeys — will work at the firm's new U.S. headquarters.

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Residences at Sawyers Walk Addresses Critical Need for Affordable Senior Housing in Miami
Alexander Swerdlow Alexander Swerdlow

Residences at Sawyers Walk Addresses Critical Need for Affordable Senior Housing in Miami

The Residences at Sawyer’s Walk are part of a new mixed-use development that serves as an example of how dense and creative projects can address critical needs in underserved areas across South Florida. The 1.5 million-square-foot, mixed-use project opened last year and includes 578 units for low-income seniors, 175,000 square feet of fully leased retail space, an office component of around 130,000 square feet and a 25,000-square-foot plaza occupying an entire city block.

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High-End Developers Answering Affordability's Call In Miami
Richard Swerdlow Richard Swerdlow

High-End Developers Answering Affordability's Call In Miami

Michael Swerdlow, managing partner of SG Holdings, is among developers taking a fresh approach to affordable housing in and near the Magic City. He has called the shortage in Miami-Dade County "the largest affordability crisis in the nation," one that has displaced some senior citizens, who are struggling against homelessness. "I don't like seeing people living in deplorable conditions, so I wanted to provide affordable housing that doesn't sacrifice quality," he says of Miami's Sawyer's Walk.

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Sawyer’s walk to open stores in Miami’s Overtown
Alexander Swerdlow Alexander Swerdlow

Sawyer’s walk to open stores in Miami’s Overtown

Sawyer’s Walk, the largest mixed-use development in Miami’s historic community of Overtown, has announced the delivery of the retail component with a new Target that just opened and other major retailers set to open over the coming weeks and months, including a Burlington, Five Below, Aldi super-market, and Ross Dress for Less, which will serve the immediate community and surrounding neighborhoods.

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Target, Aldi and other stores just made debut in downtown Miami area. And there’s more
Alexander Swerdlow Alexander Swerdlow

Target, Aldi and other stores just made debut in downtown Miami area. And there’s more

The downtown Miami area now has its first Target store. The big-box retailer, along with other stores, opened in October at Sawyer’s Walk, a new shopping and affordable apartment complex in Overtown. Burlington, Five Below and an Aldi supermarket also opened in October and November. Ross Dress for Less should be ready for customers by March. “The new stores are already performing very well, with Target being ahead of what it projected,” Michael Swerdlow, the project’s developer, said in a statement to the Miami Herald.

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Mixed-Use Development Sawyer’s Walk Set to Open Retail Stores, Ushering in a New Era of Retail in Miami’s Overtown Neighborhood
Alexander Swerdlow Alexander Swerdlow

Mixed-Use Development Sawyer’s Walk Set to Open Retail Stores, Ushering in a New Era of Retail in Miami’s Overtown Neighborhood

Sawyer’s Walk, the largest mixed-use development in the historic community of Overtown, announces the delivery of the retail component with a brand new Target that just opened and other major retailers set to open over the coming weeks and months, including a Burlington, Five Below, Aldi supermarket, and Ross Dress for Less, which will serve the immediate Overtown community and surrounding neighborhoods.

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Target Is Now Open In Downtown Miami (Parking Is Free)
Alexander Swerdlow Alexander Swerdlow

Target Is Now Open In Downtown Miami (Parking Is Free)

Target has opened its store at a new retail complex in downtown Miami near the Brightline station. The new 50,000-square-foot Target is part of the 1.5 million Sawyer’s Walk development in Overtown, which includes multiple levels of retail, office, and residential.

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Lease roundup: Aldi, Ross Dress for Less on tap at Swerdlow’s Overtown project, Brickell City Centre lands Marc Jacobs, Anthropologie and more
Alexander Swerdlow Alexander Swerdlow

Lease roundup: Aldi, Ross Dress for Less on tap at Swerdlow’s Overtown project, Brickell City Centre lands Marc Jacobs, Anthropologie and more

Retailers are starting to open at developer Michael Swerdlow’s Sawyer’s Walk project in Miami’s Overtown. Already open are Target’s 50,000-square-foot store and Burlington’s 38,000-square-foot store, according to the developers’ news release. Next, Aldi will open in a 25,000-square-foot space and Five Below in a 10,000-square-foot space. In March, Ross Dress for Less will open a 26,000-square-foot store. 

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Inside Miami’s Milestone Senior Housing Project
Alexander Swerdlow Alexander Swerdlow

Inside Miami’s Milestone Senior Housing Project

More than 90,000 units are needed in Miami-Dade County for renters earning below 80 percent of the area median income—which is roughly $75,000—according to an analysis released earlier this year by nonprofit Miami Homes for All. And seniors are among the most cost-burdened population. One project that caters to this vulnerable segment recently opened in the Overtown neighborhood: The Residences at Sawyer’s Walk.

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