Miami Riverside Center, Beckham Stadium Win Voter Approval

Results are in for today’s election. Voters appear to have approved the big real estate deals on the ballot, while rejecting a proposal for a strong mayor system.

David Beckham’s Arquitectonica-designed soccer stadium at the Melreese golf course was endorsed by voters. With 98% of precincts counted, the proposal was favored by a 60 to 40 margin and will cruise to an easy victory. The project also includes, retail, hotel and office space.

A 99 year lease for the Melreese land will be given to developers, but final details of the project must still be approved by commissioners.

Two of five commissioners (Manolo Reyes and Willy Gort) remain opposed even after today’s vote, they told the Herald. The swing vote is Ken Russell, who voted in favor of the referendum after the developers pledged $5 million to build a baywalk. A legal challenge is also pending.

Miami Riverside Center is set to be turned over to Adler Group in a 99-year lease, with nearly 65% of voters in favor (only 50% was needed). Three towers will be built by the developer, designed by architect NBWW.

Two of the towers will be 50 to 60 stories, while the third will be around 30 stories.

The project is to include residential, hotel, office, retail and restaurant space. A riverwalk is also planned.

Miami Beach’s Convention Center Hotel has been approved by voters, with 64% in favor – passing the 60% required.  It will include 800 rooms in an Arquitectonica designed 185-foot tower.

Miami Beach Connect, which includes Fontainebleau co-owner Jackie Soffer, Miami Design District developer Craig Robins and Terra Group’s David Martin will be awarded a 99-year lease.

Construction is expected to begin before the end of 2019.

Up to $439 million in Miami Beach General Obligation Bonds were also approved by voters. They will fund parks, recreational facilities, and cultural facilities, along with infrastructure and public safety improvements.

The strong mayor system proposed by Miami Mayor Francis Suarez has been rejected.

Casino Gambling  – or any expansion of gaming – will now require statewide voter approval with a 60% threshold, after an amendment backed by Disney and the Seminole Tribe was passed by Florida voters. That’s bad news for Genting’s Resorts World Miami proposal.

 

Miami Riverside Center:

Convention Center hotel in Miami Beach:

Miami Freedom Park, David Beckham’s soccer stadium: