A developer has submitted an unsolicited proposal to build a massive project on the 18-acre city-owned GSA/Solid Waste property next to the Santa Clara Metrorail station.
According to the proposal, the project would include:
- 2,500 residential units (of which 500 will be workforce)
- 100,000 square feet of retail
- 300 key hotel
- 200,000 square feet of office
- 5 acres of green space
- six parking garages
There would be seven high-rise buildings rising up to 30 stories, along with a mix of mid- and low-rise buildings.
The developer is proposing to environmentally remediate the site, currently used as a dump and auto repair facility.
They will also build an indoor civic space (wither a library or study house) and outdoor green space with a community market open to the public.
The proposal calls for 6% of rent revenue to be paid to the city, which they claim will result in nearly $1.5B rent over 99 years. The project is also estimated to generate $3.2B in taxes paid over the same period.
NR Investments is the developer that submitted the proposal. The company has also developed projects such as Canvas near the Arsht Center.
DPZ CoDesign has been hired to create the site plan.
Miami commissioners are scheduled to discuss the proposal at a July 28 meeting.
The low and mid-rise buildings:
View from Santa Clara station: