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Naranja Lakes CRAMiami-Dade County · South Dade
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Miami-Dade County · Prepared by BusinessFlare®

Naranja Lakes CRA — Redevelopment Plan Update

An updated, Chapter 163-compliant Redevelopment Plan for a fast-growing, family-oriented community in South Miami-Dade — with a TIF strategy, an exit analysis, and a clear path to implementation.

~13,000residents (growing 1.8%/yr)
$42Kmedian household income
12%housing vacancy = runway
Overview

A fast-growing South Dade community with room to build

BusinessFlare® was engaged by Miami-Dade County to prepare an updated Redevelopment Plan for the Naranja Lakes CRA, a majority-minority, family-oriented community in South Miami-Dade.

The scope spanned market and existing-conditions analysis, site visits, community engagement, and a full Chapter 163-compliant plan — including TIF and exit-strategy analysis — carried through the County's TIFC and BCC approval process.

The opportunity

A young community (median age 33.5) growing faster than the county, but with incomes well below the county median, 12% housing vacancy, and significant retail leakage to Homestead and Cutler Bay — a clear runway for redevelopment.

33.5median age
22%poverty rate
$280Kmedian home value
12.5%retail vacancy
Visuals

The redevelopment opportunity

Vacant and underutilized parcels within the CRA — the redevelopment runway. Aerial, BusinessFlare®.
Vacant and underutilized parcels within the CRA — the redevelopment runway. Aerial, BusinessFlare®.
The plan

Explore the plan

Community, market, and path forward. Open each to go deeper.

A majority-minority, family-oriented community with strong household formation and clear redevelopment potential.

Findings
  • Population ~13,000, growing 1.8%/yr.
  • Median age 33.5; average household size 3.2.
  • Fast household formation and a young demographic.

The market analysis documented the gaps the plan is designed to reverse — incomes and home values below county norms, elevated vacancy, and retail spending leaking to nearby markets.

Findings
  • Median household income $42,000 vs. the county's ~$57,000; poverty rate 22%.
  • Median home value $280,000 vs. the county's ~$450,000; 45% homeownership; 12% vacancy.
  • Retail vacancy 12.5%, office vacancy 18%.
  • Retail leakage to Homestead and Cutler Bay.

A full Chapter 163-compliant plan with a TIF strategy and exit analysis — carried through the County's approval process and paired with an implementation role.

Findings
  • Agency kickoff, site visits, and a public meeting at the Naranja Library.
  • TIF and exit-strategy analysis.
  • Preliminary and final plans to OMB, the TIFC, and the BCC.
  • An economic-development coordinator role to implement.
By the numbers

Key points