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Old September 13th, 2013, 01:07 AM   #1
desertpunk
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MIAMI | Overtown Gateway | 122m | 400ft | 40 fl | 22 fl x 2 | Pro



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City of Miami to vote on $250 million Overtown development plan



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A Miami anti-poverty agency is poised to turn over two city blocks in the blighted but historic heart of Overtown to a prominent developer, who promises to spend $250 million to build apartments, a hotel, shops, restaurants and music venues on the long-vacant land.

The Miami City Commission, sitting as the Southeast Overtown/Park West Community Redevelopment Agency board, is set to vote Thursday on the bid by R. Donahue Peebles, whose Overtown Gateway plan scored the highest among three proposals submitted in response to an advertised request by the city.

City officials described the ambitious plan as potentially “transformational’’ for the impoverished, mostly black Overtown district, where numerous redevelopment efforts in the past have run aground or failed to deliver on promises of revitalization

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Peebles’ proposal calls for two towers, of 34 and 37 stories, to be built over a multi-story base and garage. The complex would include a 150-room extended-stay hotel and 670 rental apartments — 60 of them at rates meeting the federal definition for affordable housing, and the rest pitched as “workforce’’ housing for middle-income families. It would also have 160,000 square feet of office and retail space and retain the existing “Sawyer’s Walk’’ as an open pedestrian plaza lined with shops, in similar fashion to Lincoln Road Mall, Channer said.

Read more here: http://www.miamiherald.com/2013/09/1...#storylink=cpy

http://exmiami.org/index.php/peebles...l-residential/
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Old September 13th, 2013, 01:09 AM   #2
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Peebles' Overtown Megaproject Will Connect To The Proposed All Aboard Florida Railroad



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Although everything pointed to a win for Don Peebles, In a wonderful kumbaya sort of moment, Peebles and All Aboard Florida, the two teams which were duking it out for the new Overtown megaproject, have come to an agreement to combine the best of both schemes, according to exMiami. Peebles' project will now mesh with the proposed All Aboard Florida railroad station being built a few blocks away (literally, and perhaps even metaphorically, if one looks at it through the lens of history) across the tracks from the Overtown site.
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Old December 18th, 2014, 01:23 AM   #3
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Overtown Gateway Gets Taxpayer Funding, Groundbreaking Set For March



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County commissioners voted yesterday to approve a $6 million subsidy to Don Peebles and Barron Channer for the Overtown Gateway project.

The project is being built on land once owned by the county known as Block 45 and Block 55, which was later deeded over to the Overtown Park West CRA.

Funding will come from bonds that have already been approved by county voters but had not been allocated yet. Property owners in Dade County will pay back the bonds through an increase in property tax.

At the 2.1-acre Block 45 (152 NW 8th Street), the developers plan a 40-story project with 350 workforce apartments, 60 affordable apartments, a 150-room chain-operated budget hotel, 32,000 square feet of ground-floor retail and 50,000 square feet of commercial space. The total investment at Block 45 is estimated to be $150 million.

At the 3.5-acre Block 55 (249 NW 6th Street), two towers are planned, each rising 22 stories. There will be 250-300 workforce rental apartments, with a total investment of approximately $150 million.

[...]
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