The North Miami Beach City Commission meeting on December 19, 2023, highlighted a significant development project aimed at revitalizing the Fulford Town Center Mixed Use District. The proposed project, which will replace the now-closed Lorenzo's Market, is set to transform the area with a mix of residential, commercial, and public spaces.

The project will feature three residential towers with a total of 1,622 apartments, alongside approximately 23,300 square feet of retail space, including shops and restaurants. The design emphasizes pedestrian-friendly features, including expanded sidewalks and outdoor dining areas, to encourage community engagement and activity. The developers aim to create a vibrant urban environment where residents can live, work, and play.

A key aspect of the project is the realignment of the intersection at 160 Fourth Street and West Dixie Highway, which has been identified as a safety concern due to its current offset configuration. The realignment will improve traffic flow and safety, with plans for a new left turn lane and enhanced pedestrian access. The developers have committed to covering the costs associated with this realignment and the undergrounding of utilities.

The project is expected to generate significant economic benefits, including the creation of approximately 2,800 jobs during the construction phase and an estimated annual tax revenue of $1.46 million for the city. Additionally, the developers have pledged a $100,000 donation to support local youth sports programs and economic development initiatives.

While the project has received support from the planning and zoning board, concerns were raised during the public hearing about the affordability of the new housing units and their accessibility to local residents. Community members expressed apprehension about whether the development would cater to the needs of the existing workforce or primarily attract higher-income residents.

The commission is set to review the project further, with the potential for phased construction beginning in 2025. The outcome of this development could significantly reshape the North Miami Beach landscape, providing new opportunities for residents and businesses alike.