An “innovative” mixed-use redevelopment of the College Station Garage has been given approval by the Miami Parking Authority, according to a press release issued today.
Oscar Rodriguez, Principal of developer College Station Partners, LLC, said they were excited to now begin the pre-development process, with groundbreaking “in the very near future.”
Under the terms of the newly approved deal, two residential towers with 600 apartments each would be built and owned by the developer. A total of 180 of units in the entire project will be dedicated to workforce housing.
The Miami Parking Authority will own and operate a 1,355 parking-space garage that will be built at no cost to the agency.
“As a public organization, we have a shared responsibility to provide public parking for the community but also to address interconnected urban challenges, which housing is one of them,” said Alejandra “Alex” Argudin, the MPA’s Chief Executive Officer. “The workforce housing component of the project was of utmost importance to MPA to allow individuals and families the ability to live in downtown Miami, a growing urban employment center close to schools, cultural and sports venues, and various transportation modalities.”
“The key to economic expansion is to redevelop the aging urban infrastructure to attract and retain residents, entice new businesses and improve mobility on our roads. We are carving out a vision not only for today but also for the future of the city of Miami residents,” Argudin said.
The project will also have 30,000 square feet of commercial space.
Arquitectonica will be the project architect, according to the terms of the agreement.
College Station Partners, LLC, is a partnership between the principals of Related and ROVR Development, LLC.