Little Havana is Miami’s vibrant Cuban heart, with Latin American art galleries and busy restaurants. Cafes with walk-up windows sell Cuban coffee to cigar-smoking patrons. On Calle Ocho (SW 8th Street), locals discuss politics over dominoes at Maximo Gomez Park, dubbed Domino Park by locals. The historic Tower Theater screens independent and revival films, while the area's clubs host live Latin music.
While a market equilibrium vacancy rate is around 8%, Little Havana has a vacancy rate if approximately 2%. This is concurrent with a situation where Miami is re-urbanizing. Little Havana is centric to all of Miami’s major employment centers (Brickell, Downtown, Coral Gables, Civic Center Hospitals and Courts, Airport etc). This means increasing demand is further straining the limited supply. The current boom of construction in Miami has largely ignored affordable to workforce housing, to a large extent because the high expense of construction makes middle to lower income projects difficult. What is needed is a prototype that through great design delivers massive value and relative low cost to build.