Miami/ Real Estate & Development

Leisure City Lands 409-Unit Magnolia Point Housing Project, Builder Named

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Published on September 12, 2026
Leisure City Lands 409-Unit Magnolia Point Housing Project, Builder Named16401 SW 296th St. — Approximate Project Area
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A 409-unit affordable housing complex is planned for Leisure City, with construction manager ANF Group now confirmed to lead the build at SW 296th Street and Old Dixie Highway. The project, known as Magnolia Point Phase 1, is designed as a mixed-use development spread across five buildings ranging from three to six stories, with studios and one-, two-, and three-bedroom apartments planned alongside a clubhouse, swimming pool, and playground.

According to Florida YIMBY, the project totals roughly 476,183 square feet, including one five-story building, one three-story building, and three six-story buildings, plus 7,510 square feet of neighborhood-serving retail space. Planned unit sizes range from 771 to 1,163 square feet, and the development is designed by Palenzuela & Hevia Design Group for developer Legacy Five Developments. ANF Group CEO Al Fernandez said, “We are honored to be selected as the construction manager for this transformative residential development,” adding that the firm plans to partner with the development team to deliver high-quality affordable housing, create local jobs, and maintain safety and excellence. Completion is slated for the third quarter of 2028, per the project schedule.

The site sits directly across from a bus station along the South Dade Transitway, with residences and retail space within walking distance of public transportation, according to ANF's announcement. The project is presented in the broader context of transit-oriented development in South Dade.

Public Subsidies Backing the Project

Magnolia Point Phase 1 is described as serving renters earning up to 60% of Area Median Income. The available project descriptions do not specify public financing for Magnolia Point Phase 1 or a stated purpose for such support.

The developer, listed in county and design records as 296 Legacy LLC, is identified in county and design records. State affordable housing financing applications are not specified for Magnolia Point Phase 1. The project has also been described as a proposed 13-acre, 760-unit development.

A Rezoned Corridor Transforms

The path to construction included a request to the county to rezone the land near SW 296th Street and Old Dixie Highway. The proposed changes would move the site from commercial and agricultural zoning to a mixed-use corridor district.

ANF Group is identified as the construction manager for Magnolia Point Phase 1. The available sources do not specify when the firm was founded or list its specialties.

Need Runs Deep in South Dade

The project is presented in the broader context of affordable-housing needs in South Dade.

Magnolia Point is not the only housing project in South Dade. The available sources do not verify the reported Luxe Grove Apartments project or its financing. And in July, developer Housing Trust Group and former NBA star Alonzo Mourning secured $55.4 million in total financing for Artisan Pointe, a 115-unit affordable community nearby on South Dixie Highway, built for households earning between 30% and 70% of Area Median Income, as Hoodline previously reported in its piece on the Naranja housing deal.

Miami-Real Estate & Development