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.

Source: The Next Miami

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