The company plans to invest more than $100 million in restoring the property.
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No-bid government land deals are typically justified in emergency situations, such as post-disaster recovery. However, when there is no emergency and without a competitive process, Miami-Dade county can’t be sure it’s getting the best deal possible.
Upland Park is set to be a massive $1 billion project, featuring over 2,000 mid-rise and garden-style apartments, roughly 282,000 square feet of retail space, and around 414,000 square feet of additional commercial facilities.
If selected, construction would begin in 2023 and take 59 months to complete.