Facilities Services Development Group has submitted an offer to build a new administrative headquarters for the Miami Dade School Board.
The company would design, privately finance and build a 16-story project with an estimated $71m construction cost. There would be about 150,000 square feet of Class B office space, 600 parking spaces, an auditorium and dining room, and ground floor retail and restaurant.
The School Board would be able to consolidate and sell off their existing buildings. Revenue from the parking, retail and restaurant space would also offset the cost of the lease.
The proposal came in response to an RFP for land owned by the school district at 1370 Northeast 2nd Avenue, across from the Arsht Center. Miami developers Crescent Heights and Related Group both submitted competing bids.
Zyscovich is the project architect, while Stiles would handle design-build, leasing, and property management.