The City of Miami Beach has issued a request for letters of interest from developers to develop three city-owned lots on the north side of Lincoln Road. Miami Beach is seeking a developer to build class A office buildings with on-site parking garages via a public-private partnership with the city with the goal of creating a business district to help diversify Miami Beach’s economy which is heavily reliant on tourism and hospitality. The properties are currently operated as parking lots located at 1664 Meridian Ave., another between Lenox Avenue and Michigan Avenue, and a lot at the southwest corner of 17th Street and Lenox Avenue. The development sites span a total of 3.35 acres can be combined to develop up to 383,439 square feet of office space. Voters would still have to approve any project on city owned land through a referendum. Developers must submit letters of intent by 3 PM on January 11.
Real Estate Development News
