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Announcement

$4 Billion Dollar Yield to Miami-Dade in 97 Year Lease

By
Cashflow In Miami
on
June 28, 2021

43  West Miami-Dade county acres where the Dolphin Expressway and Florida Turnpike intersect in the unincorporated Beacon Lakes area.

County had approved  97-year contract with Terra -David Martin's company  for construction of Upland Park, a mixed development to span 43 county acres where the Dolphin Expressway and Florida Turnpike intersect in the unincorporated Beacon Lakes area.

Terra will pay all costs, including $20 million to integrate Dolphin Station into the 3-million-square-foot project, which will feature offices and retail, 1,700 apartments, a hotel, school and science facility.

Upland Park will have 200,000 square feet of retail and create “thousands of jobs.”

The development and lease agreement will generate $1.17 billion for the county, which will collect $3 billion more in real estate taxes.

The project will have 1,837 residences. Some will be marketed to military personnel stationed at the US Southern Command in Doral, and Terra will try to offer others at workforce rates.

The most interesting thing is-traffic study have not been concluded yet, but the development already approved...


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