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Three Big Real Estate Deals To Be Decided By Voters

Three Big Real Estate Deals To Be Decided By Voters

Miami residents will soon vote on three major deals to redevelop city-owned property:

 

Miami Riverside Center: Lancelot Miami River, an affiliate of Adler Group, wants to demolish and replace the city’s Riverside Center administrative building.

If the deal is approved, four new towers could be built.

Two would be 50 to 60 story condo towers, one of which will be luxury and the other mid-range. A third will be a 30-story rental tower, and the fourth would be a replacement administrative building for the city, valued at $140 million.

Voting is scheduled for November.

 

 

Miami Freedom Park: A partnership that includes David Beckham and Jorge Mas want to develop the Melreese golf course into a project valued at up to $1 billion.

The project could include a stadium, retail, hotel, office and parking garages.

Voting is scheduled for November.

 

Jungle Island Hotel: A 13-story, 300-room hotel is proposed at Jungle Island by owner ESJ Capital.

Voting is scheduled for the August 28 primary election.

 

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Anonymous
Anonymous

Miami River- YES

More condos and rentals means more supply (i.e. softer rents/prices), and also a new source of property taxes for the city. Better than what’s currently there.

Beckham Stadium- NO

….anyone else sick of paying that 1% ‘sports’ tax for Marlin Stadium? No job creation, no tourism, limited property taxes. I want MLS, but am scarred from Marlin Stadium. Someone change my mind.

Jungle Island- No

No strong opinion, but I don’t think we need hotels there. Could be better used with some sort of attraction.

Anonymous
Anonymous

A hotel there is good as there are many people who fly into Miami to take a cruise.

Anonymous
Anonymous

Yeah, like anyone even notices that 1% tax, and yes I understand that people in Miami feel like they got raped by the Marlins, but this is another entity all together in an area that is being used as a gold course. More than 20 other cities have managed to build an MLS stadium, so can we.

Randy
Randy

Let David Beckams outfit leave if they want. We don’t need to build a private entertainment center on public land. And even if we elect to seek development of public lands, let us seek bids for the highest and best use. Not a backroom no bid endeavour.

Anonymous
Anonymous

As a business owner with $5MM in annual revenue, I notice the 1% tax….big time.

Anonymous
Anonymous

does it stop you though?

Anonymous
Anonymous

Voters are generally uninformed about these deals and don’t have enough information to make a well thought out decision in 75 words or less.

They shouldn’t keep punting to voters. That’s why they have a commission.

Anonymous
Anonymous

Correct. That’s why they tried to put the soccer deal on the ballot so fast.

But that’s where the informed Miamians like us should make sure to inform family & friends about the crooked deals going down. The fact its 2018 makes this easier to do (i.e., social media, messaging, etc.)

¯\_(ツ)_/¯
¯\_(ツ)_/¯

So fast? Voters have known a stadium was coming (somewhere) for 4 years. You want to wait another 4?

Anonymous
Anonymous

That’s inaccurate. The voters have only known of this proposal for about a month or so since that’s when they rushed to include it in this election.

Personally, I’ll wait 100 years for the stadium instead of having it in 4 while some billionaire tries to game the system just to make himself even more money.

Like someone today in these comments mentioned, this is Mas’ personal office park. He has no interest in the sport, he only joined because I bet a friendly Miami politician told him the stadium could be built as part of a larger business development aka mucho mas $$$

see what i did there 😉

marc
marc

You nailed it.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

“Personally, I’ll wait 100 years for the stadium..” Well, you’ll be dead. But ok, whatever…

Anonymous
Anonymous

Absolutely correct. That is one big reason why Miami has lost out on some big beautiful projects because we have emotional people swaying some of these commissioner decisions. For an example of what I’m talking about, look at Miami Circle Park.

Anonymous
Anonymous

Lots of egocentric activists manipulate the information and people believe them.

Anonymous
Anonymous

I agree…sort of.
The country commissioners make $6,000 per year. Does that attract the best and brightest?
True. Voters are generally uninformed… County Commissioners are easily bought off.

Anonymous
Anonymous

It’s also why the commissioners are idiots.

Anonymous
Anonymous

I like everything except the Beckham deal, which should be built in Overtown IMO. Jungle island could use a lagoon and zip lines, but that rendering is ugly as hell 🙂 while the river project would add great density and diversity to the current dead zone corner it is now – the river is too valuable to keep rotting away like it has been.

Anonymous
Anonymous

Like the comedian George Carlin said “Golf courses, who thought of this sh*t?.. what a f**king waste of land!” Or words to that effect.

Anonymous
Anonymous

I am 100% behind all three projects. Miami is growing up and becoming a beautiful Metropolis. I’m sure it will be tight, specially with all the haters out there, but I am hopeful all three will go through

Frank d'Ancona
Frank d'Ancona

Why do they need subsidies? There is no difference between tax subsidies to a corporation and SNAP benefits to an Overtown welfare momma. Both are a bastardization of capitalism.

Anonymous
Anonymous

“There is no difference between tax subsidies to a corporation and SNAP benefits to an Overtown welfare momma.”

And that includes many, many members of your family and friends who jumped on anything floating or paid some smuggler to get to the shores of United States of America.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

You do realize that quite possibly we get no stadium and with that no soccer team if this deal falls through right? You would rather risk that for a barely used golf course most people have never been to?

Gene
Gene

Current proposal makes no sense and stickscthe tax payer with a big bill. You want a Stadium – go someplace else.

Anonymous
Anonymous

Gene, you do know that this is a publicly owned golf course don’t you? And on top of your tax dollars paying for it every month to exist, any activity you want to partake in it you have to pay a fee.

Anonymous
Anonymous

You do know you have to pay to watch a soccer game right? You do know you have to pay to play in a soccer league right?

Anonymous
Anonymous

You do know that if this goes through, the citizens of Miami will not be paying for the stadium, right?

Anonymous
Anonymous

One way or another, Miamians will be paying for this. Don’t tell me you think Mas is building this out of the goodness of his heart?

Anonymous
Anonymous

There is Gene, yet another soccer hater, we have gone somewhere else, have you not been paying attention? 4 times to be exact, this is where it has led us to. Now it is up to the people, if you hate it so much get your hinds of your bed and go and vote no in November. I and everyone in my office will do the same, except we will vote yes on the stadium and blue all the way down. And unlike the fiasco of 2016, this time there is no electoral college. Who ever gets the majority of votes will prevail. If you win I will shut the hell up, if I win I hope you will do the same.

Anonymous
Anonymous

the melreese golf course loses money every year, is underused and the people who use it don’t live in the city of miami.activities are very limited in this park, no jogging is allowed, no coolers are allowed inside the park, it is a money pit

Anonymous
Anonymous

Then let’s put something there that’s better than an office park with a glorified strip mall and stadium.

Anonymous
Anonymous

who besides beckham is willing to build on this land? no developer has shown any interest on building at melreese park

Anonymous
Anonymous

Let’s open up the bidding and find out. If no one else bids and the city residents approve then I’ll shut up. Until then, NO TO AN OFFICE PARK!!!!

Anonymous
Anonymous

yes, open up the bidding because we got so many developers demanding that. so many billion dollar projects planned for this site that it will make brickell look like a ghetto, the city of miami is in a rush to open up the bidding becuase they see many lawsuits coming up if they don’t do that

Anonymous
Anonymous

Yes, I am willing to risk that. If you want a stadium so bad why don’t you give Mas your home to build it on top of.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

But nobody even lives at Melreese so why are you b******g? There literally is a perfectly good, underused piece of land and you still aren’t happy? Do you want to know why some stadiums end up being built in the middle of nowhere? Because of whiny little NIMBY’s like you….

Anonymous
Anonymous

People live next to Melreese. And if people like you say they can’t afford to play golf then they probably can’t afford to pay to attend a soccer game. Don’t let your love of soccer make you blind to the fact that this is a bad deal.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

When did I say they couldn’t afford to play soccer? And nobody is actually being displaced, unlike what happened at Marlin’s stadium. People complain about Miami not being progressive enough, yet will make it as hard as possible to get anything done. Don’t let you hatred of soccer think that this is a bad deal.

Anonymous
Anonymous

Nobody hates soccer. People hate bad deals and giveaways to millionaires.

Anonymous
Anonymous

Oh Please! A lot of people hate soccer, don’t fool yourself.

Anonymous
Anonymous

Jorge Mas is making me hate soccer. Does that count?

marc
marc

Miami Riverside Center, YES. The other two, NO.

Anonymous
Anonymous

The jungle island one needs to go back to the drawing board.

Anonymous
Anonymous

You’re right. Give me a pencil, a sheet of paper, and a six pack of my favorite beer and I come up with a better design than that.

Anonymous
Anonymous

Sure

Anonymous
Anonymous

No to the Jorge Mas office park.

Anonymous
Anonymous

Yes, H3ll NO!, and sure why not.

Anonymous
Anonymous

what??? Where is Miaopolis???

Anonymous
Anonymous

savage

Anonymous
Anonymous

I hate the Miami Freedom Park!!!!!!!!!!!!!!!!!!!!

Anonymous
Anonymous

Who was given “FREEDOM” anyway?

Anonymous
Anonymous

Absolute yes – and tear down I95 while you’re at it so this Adler project can connect Downtown to The Wharf and the rest of Overtown.

Jorge Mas can kick rocks and use his BILLIONS to fund his own private business venture.

Indifferent about Jungle Island but looks like an average project so I’ll vote NO and preserve the land for something more creative in due time

Herm
Herm

He’s proposing using his billions to pay the city for the park. What’s wrong with that?

Anonymous
Anonymous

Um, nothing.. I just love to unnecessarily whine.

Anonymous
Anonymous

Mas is not going to pay the city billions. Do you still put milk and cookies out for Santa Claus too?

Herm
Herm

Using his billions is not the same as paying the city billions. I’m guessing you didn’t do so hot on the reading section of the SAT’s.

Anonymous
Anonymous

If he’s not paying the city then why give cheap land? And don’t tell me they are going to pay market value. Anyone with 2 brain cells can see that bull$!t.

Anonymous
Anonymous

Actually, you literally said “using his billions to pay the city for the park.” I’m guessing if I didn’t do so well on the reading section of the SAT’s you must have scored so bad you were rejected by Trump University.

Anonymous
Anonymous

HA!

Anonymous
Anonymous

BURN!

Anonymous
Anonymous

Tear down the Florida Turnpike and US1 too. Have the government give everyone a free bicycle and spandex pants and a styrofoam helmet so we can all bike everywhere. Yay stupidity!!!

Anonymous
Anonymous

Sorry but no stadium is worth some billionaire getting a sweetheart deal to put his commercial RE on public land.

Have we learned nothing from Jeff Loria and the Marlins deal?

Anonymous
Anonymous

I hope we have. I am excited for MLS coming to Miami but I will vote NO to this and won’t be going to any games if it’s built there.

Arango
Arango

1. Yes – Continue to improve the riverwalk experience.
2. Yes – Put that underutilized, water guzzling, money sucking space to work by creating revenue for the county, fields for soccer players and at the same time create a true greenspace that all Miamians can use, not just the occasional golfer. Save the Royal Poinciana trees for the park.
3. No – Don’t see the need for a hotel at this location. Put in more attractions.

Anonymous
Anonymous

Soccer fields are also water guzzling and I know plenty of people in Miami who don’t care about soccer except maybe the World Cup. I can use your same arguments to be against the Mas/Beckham office park.

Arango
Arango

Ever heard of artificial turf, look it up, it may enlighten you. You can also head out to the Kendall soccer park on SW 127th. I guarantee you will see many more people using the installations then you will ever see at this golf course.

Anonymous
Anonymous

First, unlike you I actually live in the city of Miami so I will not be going to a Kendall soccer park. Second, artificial turf isn’t exactly environmentally friendly either. It’s also not too hygienic without proper maintenance. Look it up, it may enlighten you.

Anonymous
Anonymous

Looks like certain interest groups are spamming this board against the soccer park/stadium.

The golf course is a drain the city loses money in. Even if there is no soccer stadium there we should get rid of Melreese. I rather turn it into a real park than have it waste away as a barely used golf course.

Anonymous
Anonymous

Let’s get rid of museum park. It makes no money. Let’s get rid of public schools. They make no money. Let’s get rid of firefighters. They make no money. The primary purpose of government isn’t to make money. That’s the job of private business. Build the stadium and office park on PRIVATE land.

Anonymous
Anonymous

are you telling me that governments should waste money?. one of the primary purposes of governments is managing money and resources efficiently

Anonymous
Anonymous

And how is the giveaway to Mas and Beckham an efficient use of resources? Why not open the bidding and let developers offer the city the best deal? How is building a mall on top of potential public greenspace an efficient use of our green assets?

Anonymous
Anonymous

OR.. perhaps there’s just a bunch of angry citizens, who are still mad about the Loria deal, that are spamming this board against the soccer park/stadium.

I’ll let the readers decide which they think it is.

Anonymous
Anonymous

The Mas proposal is a fairly good one, stacking should be great to help keep traffic down as much as possible, mixed use, jobs, soccer, and green space including additional soccer fields. The people on here, who I agree with, are simply asking that we do not rush to approve this project because the terms of the deal, the financial component, are not even fair much less a good deal for the city of Miami and its residents/tax payers. Build it, but structure the deal in a way that benefits the tax payer in a fair way. I grew up playing competitive soccer, including high school and collegiate soccer, I am all for the team but being in real estate I understand that the terms of this deal are not something we should agree to. In the end, they will get their stadium (and other uses) and the city will get a better deal. Everyone wins. Vote NO for now, and lets get better terms. I say that as sincerely and humbly as possible.

Anonymous
Anonymous

Yes to Miami River and not sure how I feel about Jungle Island. Such a unique property and a hotel doesn’t scream unique to me.

Anon
Anon

This is incredibly reasonable. The project looks good and useful, and replaces an aging, underused golf course. The terms need to be changed significantly. As part of the terms, the City of Miami should require neighborhood appropriate development on the Overtown land that they own, for the benefit of the Overtown community. I’m shocked that they haven’t. As many have stated, Mas is fleecing the City as the terms currently sit. And yes, they announced it when they did, giving commissioners less than a week to decide if this would make the ballot for this year. They rushed it to the vote, in hopes Beckham and Soccer would be enough for uninformed residents to vote yes. The problem with voting no and renegotiating is that i believe MLS has a deadline and will pull franchise rights if they don’t have stadium built by certain date, and waiting another year would not allow enough time. Voting no likely kills this MLS team in Miami.

Anonymous
Anonymous

Yes, yes, yes for jobs, jobs, jobs.

Anonymous
Anonymous

No to the stadium at Melreese. I work at the airport and don’t want the added traffic and stress to go to work or catch a flight. Keep the original plan in Overtown.

Anonymous
Anonymous

So it’s all about you huh?

Anonymous but you can call me Mike
Anonymous but you can call me Mike

Miami Riverside Center – YES to city increased density, and river revitalization.
Beckham Stadium – NO to another Marlin stadium type deal with peak traffic around MIA
Jungle Island – NO – Ugly development with little return to city coffers

Anonymous
Anonymous

Does Parrot Island need a hotel? I don’t get it….none of these proposals really means anything to anyone who lives in Miami. The whole soccer stadium deal sounds like another opportunity for a sports team to receive corporate welfare.

Anonymous
Anonymous

Development in Miami is sooooooo slow right now… UGH

NoMasOfficePark
¯\_(ツ)_/¯
¯\_(ツ)_/¯

Nobody cares.

Anonymous
Anonymous

Yes,Yes,Yes

Anonymous
Anonymous

yes, yes yes

Anonymous
Anonymous

No brainer
Build and approve all 3

iFlyMIA
iFlyMIA

Vote YES to all 3! Vamos Miami.

Anonymous
Anonymous

No to the Stadium! That’s not where it should be!!!!!

¯\_(ツ)_/¯
¯\_(ツ)_/¯

Where should it be then? Don’t give me some vague answer, what actual location should it be built?

Anonymous
Anonymous

On your momma’s house.

Anonymous
Anonymous

No one wants to read crap like that. If you want to be juvenile, please stick to texting your little simpleton friends.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

HAHA!! Jokes on you, my momma lives at Melreese!!! So there, the stadium will be built. It’s settled!!!

Anonymous
Anonymous

Yes to all. However, I believe the stadium belongs somewhere in the urban core. Overtown or the trailer parks North of Little Haiti

¯\_(ツ)_/¯
¯\_(ツ)_/¯

Overton residents already gave a big ole NO. Overton is not happening.

Anonymous
Anonymous

Overtown residents were actually mixed on the subject… some for and some against. But more importantly, that is privately owned land and Mas/Beckham can build in Overtown with or without their say so. It’s this public golf course he needs the vote permission for.

Anonymous
Anonymous

– Jungle Island
* great iumdea and like the heigjt restrictions but needs a top design (design is decent but could be better)

– Beckham
* No, though i like golf and i understand a lot of people dont play, cut a deal to put it in overtown and make it public / metro rail friendly. Going to Doral wont be exiting and by the airport though on paper seems feesible l, thge excitement is not there. You want soccer in miami then put it in a cluster location and build a top stadium, yo j want to bring busi ess to miami tgen you have to pay for it. The negotiation lays soley on Miami extending rail.

Anonymous
Anonymous

wtf?

Anonymous
Anonymous

Yes, Yes and Yes.

Miami1
Miami1

Yes,Yes,Yes!!!

Anonymous
Anonymous

That golf course spot would be really nice for a coupla thousand new apartments.

Anonymous
Anonymous

If they are paying market rates after a bidding process… then maybe. But certainly not with some sweetheart deal after a rushed vote.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

Who the hell would live literally right next to a busy airport?

Anonymous
Anonymous

No, Yes, No