Preliminary plans for what will become the Southplace City Center include a 150-key hotel, 60,000 square feet of medical office space, a terraced community amphitheater, golf cart trails, a trolley system, restaurants, retail and approximately 4,400 housing units to be built over a seven-year period.
In total, 15 restaurants in the Miami area made the top 100 list in 2021. That is more than all of the restaurants in both New York (10) and California (11).
While the property is currently in the final stages of planning, a number of tenant selections have already been secured and two floors fully renovated.
Construction is expected to begin as soon as city approvals and permits are obtained, with delivery one year later.
The County has issued an RFP for 17-acre site allowing for up to 23M square feet of real estate.
One third of the office space has already been pre-leased, the developers said, even before the project was publicly announced.
A partnership with Airbnb allows owners to rent their condos restriction-free.
The project is slated for 2,351 residential units anbd 540,000 square feet of office space.
A pre-application meeting between reviewers and representatives of the developers is scheduled for June 30.
Any lingering uncertainty about the survival of retail has waned, and, today, we seem to be in one of the stronger landlord markets in recent memory. What drove this radical shift from fear and hesitation to boundless market optimism?