← All tracked projects
Tracking from day one

Downtown SoMi

Downtown SoMi is a South Florida development we have tracked since September 11, 2024. It is currently at the Planned stage. Below is the full verified timeline, what is still unknown, and my read as a licensed Compass agent. Sources: Realtor.com and others, linked per entry.
Current stage
Planned
Location
5701-5795 SW 72nd Street, South Miami, FL
Developer
Midtown Development (Alex Vadia)

Development timeline

  • September 11, 2024Approved

    South Miami City Commission approved Midtown Development's redevelopment plan for the Shops at Sunset Place site.

    Source: The Real Deal →
  • July 15, 2026Planned

    Midtown Development asked Miami-Dade County to create the Downtown SoMi Community Development District to finance $149 million of infrastructure for the 10.2-acre, seven-building project; commissioners set to consider it July 21.

    Source: The Real Deal →
  • August 4, 2026Planned

    Realtor.com reported the Heatherwick Studio master plan approved by the South Miami City Commission in 2024 remains stalled on infrastructure obligations, including new water and sewer lines, expanded sewer pump station capacity and an extension of the downtown street grid, per Mayor Javier Fernandez. The plan replaces the shuttered Sunset Place mall with seven towers of 12 to 33 stories, about 1,500 residential units, a hotel and roughly 150,000 square feet of retail and dining.

    Source: Realtor.com →

What is still unknown

  • developer project site with developer-own renderings (midtowndevelopment.com is a parked domain for sale)
  • for-sale condo vs rental split of the 1,513 units
  • price tier
  • sales launch date

My read

My read on Downtown SoMi: with the project this far along, what I tell buyers to weigh is the deposit structure, the delivery timeline, and how the floor and line affect light and resale, not just the launch price. If you are weighing 5701-5795 SW 72nd Street, South Miami, FL, those are the details that decide value.

This project is in an early, pre-construction stage. Details are not final and may change. Gerardo Gonzalez is an independent licensed agent at Compass providing buyer-side guidance, not the listing or sales brokerage.

Last verified August 2026. This is a live tracker, updated as the radar surfaces verified news. Stages and figures trace to the named sources above; nothing here is a confirmed sale or a solicitation.

Want in early?

Get early access to this development

The strongest pricing and unit selection in a pre-construction launch go in the first days, often before public release. Name this project and I will put you on the early-access list.

Request early access Call (305) 964-8614