Miami-Dade County’s ambitious plan to redevelop 17 acres of land in downtown Miami into a $10 billion mixed-use project will pit some of the biggest names in real estate against each other, The Real Deal has learned.
Three all-star development teams have qualified to bid on a request for proposals to build Metrocenter, a mix of new office and residential towers on a hodgepodge of county-owned properties surrounding the Stephen P. Clark Government Center, Miami-Dade’s 28-story administrative building at 111 Northwest First Street, county documents show. The RFP is expected to be issued sometime next year.
To qualify for the RFP, the three teams submitted presentations detailing their experience developing transit-oriented and affordable housing projects, as well as showing their ability to secure private financing for the construction of Metrocenter.