Miami Condo Market and Lifestyle Updates
Partners Planning to Upgrade Douglas Road Metrorail Station and Create a New Residential Complex

Partners Planning to Upgrade Douglas Road Metrorail Station and Create a New Residential Complex

by Sep Niakan | June 05, 2015

The Adler Group and 13th Floor Invesments are thinking about partnering up to develop a 970-unit residential complex on county owned land near the Douglas Road Metrorail station near Coral Gables.

In addition to the 970 units, there will be 70,000 square-feet of retail space and a 150-room hotel, which is thought to be a Hilton Garden Inn. A plaza built for public use that has many outdoor features, alongside some parking, will be build on the land as well.

The partnership’s project will cost them around $310 million, and will be designed by Stantec/ADD Inc.

Another bidder is wanting to purchase the land as well. The Related Group has proposed a $191 million, 17-story residential tower with 17 stories of student residence on the same property. It would also have retail and office space on the ground floor.

If Dade county officials decide on which bidder to give the land to, a lease would be given to the winner, which also allows the winner to upgrade the Metrorail station there.

 

Source: thenextmiami.com

Photo credit: Douglas Metrorail station - thenextmiami.com

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....

Lifestyle

September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...