20000 Northwest 47th Avenue, Miami Gardens, FL
Developer Carlos de Narváez is moving forward with his $100 million luxury auto club project, Drivers Club Miami.
The approval paves the way for Narváez’ 13 Pista LLC to build a massive car entertainment destination, equipped with a 2-mile driving course, auto storage and maintenance facilities, a community center and a government center for northwestern Miami-Dade. Drivers Club Miami will also include dining, retail and hotel components open to the public.
The project is set to rise on a 160-acre site at 20000 Northwest 47th Avenue, and would be developed in multiple phases. Under the county contract, the developer would lease 140 acres of land for an initial term of 30 years, with an expansion option. The lease will cost De Narváez at least $33.4 million.
In exchange for waiving competitive bidding and a below-market lease rate, Narváez also agreed to build improvements for the city, including a new public bicycle course. The three local nonprofits currently onsite will move into new nearby facilities built by the developer.
Yotelpad topped off , sold out and soon to be delivered!The project broke ground in January 2019, and a foundation pour took place in August 2019.Read more
Miami-based FECI obtained Federal Aviation Administration approval to build One Miami Central 1,120 feet above ground level, which would have made it the tallest building in the state, if the plans were not revised:(Read more
Aventura-based Immocorp Ventures signed a term sheet with the city’s Community Redevelopment Agency (CRA) in 2019 for the 3.32-acre property at 2400 Broadway in the Northwood Village neighborhood, just north of downtown. That ground lease was approved in September 2020, but the developer still needed to finalize its site plan before moving forward.Read more
Sold for nearly $109,6 million by German entrepreneur and philanthropist Dr. Ernst Langner 15,954-square-foot mansion marks second most expensive highest sale to close on the island recently!The 2.7-acre property last sold in 2012 for $23.5 million. Langner demolisheRead more