Swire Buying More Brickell Land To ‘Enhance Right Of Way’ Around City Centre

Swire Properties has a deal to buy an additional 22,000 square feet of property along South Miami Avenue, with the goal of enhancing the public right of way around the Brickell City Centre project.

As part of the complex deal, the City of Miami will spend $4.865 million to buy two parcels located at 602 South Miami Avenue and 614 South Miami Avenue from a State of Florida agency. Swire will donate $4.165 million towards the purchase, with an additional $700,000 coming from street easement fees paid by Swire. The city will then turn around and sell the properties to Swire at a price of $4 million while guaranteeing Swire’s right to develop the property.

According to the text of a city resolution, ‘The property once conveyed will be utilized solely to improve, enhance, enlarge and reconfigure the public right of way in and around 6th Street and South Miami Avenue, which serves the valid municipal purpose of enhancing pedestrian and traffic flow and thereby facilitating the safe passage of pedestrians and vehicles on our public streets’.

One of the properties houses an office of Florida’s Department of Juvenile Justice. In 2006, Brickell area leaders had expressed concern about the facility where hundreds of youth offenders were reporting to weekly, according to an article by Eric Kallis.

City commissioners will vote on the sale next week.

 

 

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marc
7 years ago

A roundabout

Fernando
7 years ago

What does that mean? Does that mean it will be converted to pedestrian plaza or a park or what? “The property once conveyed will be utilized solely to improve, enhance, enlarge and reconfigure the public right of way in and around 6th Street and South Miami Avenue, which serves the valid municipal purpose of enhancing pedestrian and traffic flow and thereby facilitating the safe passage of pedestrians and vehicles on our public streets”

WhyNotNow
7 years ago

Wtf?! Let Swire pony up for all of it! $700k in easement fees redirected from the city to benefitSwire? Our fucking city commission has its head stuck so far up the ass of developers, soccer stars and stadium theives it cannot even think of doing the job we citizens elected them to do.

Anonymous
7 years ago

Agreed! Unbelievable! Vote them out.

Kenny
7 years ago

Read carefully angry citizens.
Swire has already PAID $700,000+ in easement fees.
Now they will PAY another $4M.

The elevated value alone will increase the property tax revenue inn that site.

Take a look at your property tax bill and how much you give away to the common good each year.
Then look at Swire’s annual property tax bill on this $1,300,000,000 project.
Wanna trade?

marc
7 years ago

People don’t read.

James
7 years ago

My understanding of the article is that the City will receive $4M for a property they never owned to begin with. Swire is subsidizing their initial purchase from the Florida agency, and they buying it for an additional $4M. Is there a reason why Swire cannot purchase directly from the State agency?

whyNotNow
7 years ago

Reread the article.

whyNotNow
7 years ago

Re: Angry Citizen;
You call it the common good, I call it sucking up to developers. I’m sure in your world Jeffrey Loria did Miami a favor. Swire paid 67 million for the Miami today site, I say charge them market rate for this site. Swire is in the business of making money and only do something for the public good when it benefits their bottom line. And for the rest of the commenters here, I suggest you re-read what was written.

Bill
7 years ago

The Juvi center will not be left homeless but moved over to the new Family Courthouse where it belongs. Yes Swire will then be able to improve traffic flow around that area. What’s wrong with that?