The Miami-Dade School Board finalized a deal with a developer yesterday to allow for architect Rafael Viñoly’s Casa Forma tower to move forward in downtown Miami, according to the Herald.
The School Board was scheduled to vote yesterday on the plan, and was expected to approve it.
Developer Crescent Heights would pay $25 million for a property, and combine it with its own land.
There are still further approvals needed, including a deal with the Omni CRA to allow taxes on the development to subsidize the new development (the School Board-owned property is currently untaxed).
City of Miami commissioners must also vote to extend the life of the CRA, but have been deferring that vote.
According to plans already filed with Miami-Dade, Casa Forma is proposed to include:
- 1,441 residential units
- Amenities spread over five floors
- Offices and an auditorium for the School Board (totaling around 100,000 square feet)
- Offices for Crescent Heights (19,673 square feet)
- Ground floor commercial
- 1,100 parking spaces (with 600 to be used by the School Board and Arsht Center)
The towers will top off at 55 stories, or 649 feet above sea level.
