The developers partnering up for Downtown Miami’s Metrocenter have been named, according to The Real Deal.
A memo from the county in May said that they had shortlisted three prequalified proposers for the project.
The newly named bidders include:
- A partnership between Terra, Atlantic Pacific Companies, and Sterling Bay
- A partnership between Related Urban, 13th Floor Investments, and Merrimac Ventures
- A partnership between Florida Value Partners, Cornerstone Group, and John Buck Company
Multiple county properties are planned to be redeveloped to make way for Metrocenter.
Plans call for around 27 acres in the downtown government center area be redeveloped into a thriving, interactive, 24-hour community with cultural buildings and thousands of residences.
According to an earlier presentation, the top bidder is expected to build:
- Downtown Miami Transit Terminal (new)
- Miami-Dade Main Library (rebuilt)
- HistoryMiami Museum (rebuilt)
- K-12 school and day care center
- 2.5 acres of open space
- minimum 2,000 units of affordable and workforce housing
The existing Philip Johnson-designed Miami-Dade Cultural Center is expected to be demolished as part of the redevelopment. It was built in 1983.
Up to 23.7 million square foot could be developed on the Metrocenter properties, the county has said.
Conceptual renderings of Metrocenter:
To be demolished:
