Contact Us
How Can We Help You?

Please, leave us your message.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Announcement

SOBE Parking Lots go Office Towers?

By
Cashflow In Miami
on
February 21, 2021

Meridian Road and Lincoln Rd, SOBE

Eighteen developers have expressed interest in building Class A office space on three municipal parking lots in Miami Beach adjacent to Lincoln Road between Alton Road and Meridian Avenue. The City put out a Request for Letters of Interest (RFLI) in November to test the waters as it seeks ways to diversify .

Eighteen respondents submitted their expressions of interest to build class A offices in stead of the parking lots !! They include:

  • 13th Floor Investments
  • Adler Group
  • Design District Management, Inc., D/B/A Dacra & Adventurous Journeys LLC
  • Andalex Capital
  • The Comras Company of Florida, Inc. & Terra
  • COO Premium Development, Inc.
  • Sterling Bay, Place Projects, and Deco Capital Group
  • David Mancini & Sons, Inc.
  • East End Capital
  • Integra Investments & Starwood Capital Group
  • Mangrove Real Estate Partners, Tricera Capital, Sasaki
  • Northwood Acquisitions and Northwood Investors
  • Oak Capital Group LLC
  • R & B Realty Group, LLC
  • Related Group (PRH Investments, LLC)
  • The Peebles Corporation and the Scott Robins Companies (*Updated Feb 16 after City found this "timely response" in an email spam file)
  • RFR Holding LLC
  • Galbut Family Office LLC

The municipal surface lots for which the City sought expressions of interest include the P25, P26, and P27 lots located in a four-block area to the north of Lincoln Road. Any development would require replacement of the parking for paid public use. The City did not want – and would not consider – specific proposals or offers to develop the lots. Rather it sought expressions of interest only to determine if an RFP (Request for Proposals) process would follow.


"The RFLI stipulates that the Administration may hold industry review meetings, following the receipt of expressions of interest, in order to discuss questions or concerns including any impediments to development with interested parties," Aguila noted. "The objective of industry review meetings would be to obtain information to ensure preparation of an RFP that best promotes the City’s interests while maximizing benefits the City may receive from any development."

...

Latest Posts

Read More

Yotelpad topped off , sold out and soon to be delivered!

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
Read More

Quail Roost Transit Village is coming 2022!!

Quail Roost Transit Village will be on the 8.5-acre site along the South Dade TransitWay, at the intersection of Homestead Avenue and Southwest 184th Street. The county plans to build a rapid bus transit system along the TransitWay.

Read more
Read More

Miami Central is no longer going highest in state?

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
Read More

Northwood village development coming to West Palm and it will be Big!

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
Read More

More Record sales South Florida!

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 demolishe

Read more