Miami-Dade County commissioners unanimously approved the developer’s proposal to turn county-owned land just west of Miami Gardens into a “country club for cars,” according to a press release.

The approval paves the way for Narváez’ 13 Pista LLC to build a massive car entertainment destination, equipped with a 2-mile driving course, auto storage and maintenance facilities, a community center and a government center for northwestern Miami-Dade. Drivers Club Miami will also include dining, retail and hotel components open to the public.

The project is set to rise on a 160-acre site at 20000 Northwest 47th Avenue, and would be developed in multiple phases. Under the county contract, the developer would lease 140 acres of land for an initial term of 30 years, with an expansion option. The lease will cost De Narváez at least $33.4 million.

In exchange for waiving competitive bidding and a below-market lease rate, Narváez also agreed to build improvements for the city, including a new public bicycle course. The three local nonprofits currently onsite will move into new nearby facilities built by the developer.

Miami Gardens has attracted a number of developers and investors. Moishe Mana recently secured a 120,000-square-foot lease in the city for his document storage company. – Amanda Rabines

THE REAL DEAL ( SEE FULL ARTICLE )
Rendering of Drivers Club Miami (Credit: Drivers Club Miami)

More Real Estate News

Prive Aventura

Privé Aventura developers win $26M jury verdict against Williams Island homeowners

Score a court victory for the developers of Privé at Island Estates in Aventura. Builders Gary Cohen and BH3 are ...
Developer set to buy land for $168M Coral Springs project

Developer set to buy land for $168M Coral Springs project

Developer Ron Sheldon of Boca Raton-based PreDevCo expects to close next month on the acquisition of a seven-acre site on the ...
/ dezer, mall, News, orlando, redevelopment
Hall-South-Beach-hotel-miami-beach1

Spanish conglomerate Grup Peralada pays $58M for South Beach hotel

Property records reveal Inverama USA Corp., an affiliate of the Barcelona-based company, paid $58.2 million, or $357,000 per room, for ...
/ hotel, News, south beach
condos for sale in Miami

Brazilians are getting in on the EB-5 VISA

The United States welcomed 282 Brazilian immigrants last year through the EB-5 investor visa program, as the country rose to ...
/ dezer, mall, News, orlando, redevelopment
Amazon

Amazon’s second headquarters in Miami?

Of five sites in Miami-Dade submitted in a regional bid, three are in or near Overtown, Miami Mayor Francis Suarez ...
/ amazon, headquarters, Miami, News
Artegon-Marketplace-Orlando

Dezer Development buys shuttered Orlando mall for $23.7M

Sunny Isles Beach-based Dezer Development bought a shopping mall in Orlando that closed last year and plans to redevelop it as an ...
/ dezer, mall, News, orlando, redevelopment
solar-powered Babcock Ranch Ft Myers

Solar-powered Babcock Ranch Ft Myers

The 18,000-acre town unfolding northeast of Fort Myers will run on solar power from a 440-acre field of photovoltaic panels ...
/ Biscayne, development, Hilton, Miami, News
Jeffrey Soffer in talks to buy Mardi Gras Casino and Race Track

Planned redevelopment of former INS building in Miami draws $26M loan

The developers plan to turn the property at 7880 Biscayne Blvd. into mixed-use development with hotel rooms, apartments and commercial ...
/ Biscayne, development, Hilton, Miami, News
Jeffrey Soffer in talks to buy Mardi Gras Casino and Race Track

Jeffrey Soffer in talks to buy Mardi Gras Casino

Jeffrey Soffer, whose family property portfolio includes Aventura Mall and the Fontainebleau Resort in Miami Beach, is negotiating to acquire ...
/ aventura, casino, hallandale, mardi grass, Miami, News
Loading...