By Brian Bandell
Adler Group wants to build a new office building for the city of Miami’s administrative operations, plus nab a prime site along the Miami River for residential development, but voters will have to weigh in on the deal first.
On July 26, the Miami City Commission will consider placing the 99-year lease of its 3.15-acre site at 444 S.W. 2nd Ave. on the Nov. 6 ballot. The city charter requires that all leases or sales of city-owned land go to a public referendum.
The city currently has its administrative building on the site, but it wants to replace it with a more modern facility. In 2016, Miami issued requests for proposals (RFPs) for both a new administrative building and a lease of its existing property. Lancelot Miami River, an affiliate of Miami-based Adler Group, won the competitive bidding for both RFPs.
…Under the proposed deal, the developer would build the city a new administrative building of about 230,000 square feet and make available at least 610 parking spaces for employees and visitors. It would also include some ground-floor commercial space that the city could lease to third parties. Adler said the new office building would have much better security systems than its existing facility, which was not constructed as a municipal building.
Significant improvements to the public riverwalk would be included in the project.
“We are very excited about the riverwalk,” Adler said. “This will make it an exceptionally unique and desirable property.”
…Adler Group is working with Nichols Brosch Wurst Wolfe (NBWW) to design the project.
Read the full story HERE >>> Source: South FL Biz Journal https://www.bizjournals.com/southflorida/news/2018/07/23/alder-group-proposes-miami-river-office-apartments.html