A covenant has been recorded with Miami-Dade laying out exactly how development rights are to be allocated at MiamiCentral’s Supertower sites.
According to the documents recorded on September 7, the Supertower sites are being allocated development rights for:
- 2,007 residential units
- 49,634 square feet commercial/retail
- 2,136 parking spaces
Currently, the LLCs that have title to the property all appear to be controlled by affiliates of Florida East Coast Industries.
However, the company said in a filing earlier this year that it is in contract to sell the land.