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Old Posted Jul 4, 2018, 3:18 PM
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MIAMI | Block 45 (Overtown) | 2x317 FT OR 2x384 FT | FLOORS (2 proposals)

Revealed: Proposal To Build Transit-Oriented Development At Overtown’s Block 45




Quote:
In Overtown, a county-owned property known as Block 45 could soon be developed with a transit-oriented development, after a Miami-Dade selection committee chose a top ranked bidder for the land. Construction could begin in less than a year.

The transit-oriented proposal includes:

Twin 317-foot towers
600 rental apartments
23,000 square feet of ground floor retail
645 parking spaces
Overtown Laughs, a proposed entertainment venue and comedy club and Grown, a farm-to-table quick service restaurant, have expressed interest in occupying the retail space.

A mix of market-rate and lower cost apartments will be included, with 60% of apartments devoted to affordable and workforce housing.

If approved, construction is forecast to begin in Q1 2019, with completion of the entire project in Q3 2020.

Atlantic Pacific Communities is the lead developer. Bermello, Ajamil & Partners along with Corwil Architects are the architects.

Miami-Dade’s commission is scheduled to provide direction to county staff on negotiating a potential 90-year ground lease for the land at a meeting July 10. The deal would then be negotiated and brought for a final commission vote, whenever completed.


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The Hub At Overtown: Second-Ranked Proposal To Develop Block 45



Quote:
Two bids have been submitted to build a transit oriented development at Overtown’s Block 45.

The Hub at Overtown has been ranked second by a Miami-Dade committee, out of the two proposals.

The proposal includes:

602 residential units
384-foot tower and 181-foot tower
25,635 square feet of retail
26,470 square feet of office
690 parking spaces
$2.5M of Station Improvements to the Historic Overtown / Lyric Theater Metrorail Station
Potential tenants for the retail include Jackson Bros Ice Cream and a Jazz Club.

75% of units would be devoted to affordable or workforce housing.

Adler Group, 13th Floor Investments, and Cornerstone Group are the developers. Behar Font & Partners is the architect.

Although the committee ranked the proposal second, Miami-Dade’s commission could choose to direct county staff top open negotiations on the second-ranked proposal at a July 10 meeting. A 90-year ground lease is expected to be awarded.
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