Two bids have been submitted to build a transit oriented development at Overtown’s Block 45.
The Hub at Overtown has been ranked second by a Miami-Dade committee, out of the two proposals.
The proposal includes:
602 residential units
384-foot tower and 181-foot tower
25,635 square feet of retail
26,470 square feet of office
690 parking spaces
$2.5M of Station Improvements to the Historic Overtown / Lyric Theater Metrorail Station
Potential tenants for the retail include Jackson Bros Ice Cream and a Jazz Club.
75% of units would be devoted to affordable or workforce housing.
Adler Group, 13th Floor Investments, and Cornerstone Group are the developers. Behar Font & Partners is the architect.
Although the committee ranked the proposal second, Miami-Dade’s commission could choose to direct county staff top open negotiations on the second-ranked proposal at a July 10 meeting. A 90-year ground lease is expected to be awarded.