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Press Release: Dynamic BiscayneBouleverd
Posted 1/24/2006


Plans Unveiled for $400 Million Mixed-Use Development on Largest Existing Parcel of Land in Miami-Dade County's Eastern Corridor

Plans for the development of Biscayne Shores Village, a $400 million mixed-use project on the single largest available parcel of contiguous land in the eastern corridor of Miami-Dade County, continue to move forward.

The Miami-Dade County Planning Advisory Board and the Miami-Dade County Board of County Commissioners unanimously endorsed the project and voted to transmit the plans to the State of Florida's Department of Community Affairs through the local Regional Planning Council. The South Florida Regional Planning Council gave its positive endorsement.

The master planned community is proposed on 14.50 acres bordering Biscayne Boulevard, from 112th to 115th streets on the south and north, and Biscayne Boulevard to Northeast 14th Avenue, to the east and west.

The development will include up to 825 residential units, approximately 190,000 square feet of commercial, retail and entertainment space, as well as the revitalization of a county-owned seven-acre park adjacent to the site.

With a master plan conceived by the internationally renowned firm of Dover, Kohl & Partners, Biscayne Shores Village is in the midst of completing a land use amendment. After review from the State of Florida, the application will return to the Planning Advisory Board and County Commission for final consideration.

"The community support and the positive feedback we have received from County government has been gratifying," says Brad Zackson, CEO of the New York-based development company, The Dynamic Group. "We have conceived a unique project for this area, one that embraces every aspect of new urbanism, especially the melding with mass transit, one of the greatest challenges for such a development."

The development will serve as the epicenter of one of the County's most diverse neighborhoods, taking an area which has been deemed as blighted and transforming it into a village that will compliment the surrounding neighborhoods and serve their residents.

"Biscayne Shores will be a dynamic, pedestrian-friendly community, designed to encourage walking and to reduce the number and length of automobile trips to conserve energy," says Stephen Nostrand of Codina Realty Services, who serves as the project manager. "This project will have something for everyone, with a great mix of housing, dining, charming boutiques, entertainment and culture, as well as a variety of transit solutions."

When the developer decided to proceed with this project, the development team agreed to first hear from the neighbors about their ideas for the new Village, hence the decision to sponsor a charrette.

"The idea of a private developer sponsoring a charrette was somewhat unusual," continues Nostrand, "but the process of involving hundreds of neighbors in the initial planning process for our project has been a wonderful experience. We have listened carefully, and have developed a master plan with the neighborhood as the focus."

"We have had the opportunity to conduct charrettes in urban areas all over the world," notes Victor Dover of Dover, Kohl & Partners. "It is one of the most exciting processes in which a person could participate, and a crucial step towards creating the sense of community we all long for in our neighborhoods. Biscayne Shores Village has achieved that and more." A number of the ideas proposed by the community at the charrette were incorporated into the master plan design by Dover, Kohl & Partners. These include:

- A walkable main street lined with retail connecting Biscayne Boulevard to the community
- Pedestal construction for the high-rise, with setbacks for the residential towers
- Maximize the park bordering the north of the development, creating a Central Park feel
- Shaded, wide and well lit streets
- Restaurants and shops
- A fountain square/plaza
- Controlled traffic due to the wide interconnected streets
- Development of a community transit system

The next step is an architectural charrette. Ten architects from all around the US will participate in a 3-day, collaborative design session to share ideas and concepts for Biscayne Shores Village. Experts in retail, mixed-use, vertical development and "new communities" are going to gather to provide alternative design concepts for the development.

The high quality residential component of the project will include flats, duplexes and town homes that will range from 800-2,100 square feet. Tower residences will include beautiful panoramic water views of the Bay, Miami Beach and downtown Miami. The village will include an Early Childhood Education Center, a civic building, a great Main Street, an arts promenade and several mini-parks. The county-owned 7-acre park immediately adjacent will serve as the neighborhood and Village recreational center, and the project's adjacent street will be lined with restaurants.

There will be approximately 135,000 square feet of retail and 55,000 square feet of office and civic space. "The retail space will serve the residents of Biscayne Shores Village and the surrounding neighborhood," explained Nostrand. "We have existing luxury high rise communities right across the street that are expanding and beautiful single family home communities to the south and east that need neighborhood retail conveniences closer to where they live. In the retail world it is all about counting rooftops. We have a lot of roofs to serve that currently have to travel a long way for their shopping needs, and there are hundreds of new residences about to be built in the neighborhood whose retail needs we can also serve."

Adds Nostrand: "We have had many inquiries from prospective equity investor partners in the Biscayne Shores Village. "One of the obvious questions raised by many of those inquiries has had to do with the potential downturn or 'bubble bursting' in what is considered to be one of the most active condominium markets in the Country. The answer is simple. With most of the projects planned or underway, there is a heavy percentage of speculative/investor condominium buyers. Biscayne Shores Village is an integrated community (not a project) for residents who are going to work in the area, commute to the nearby employment centers and desire the lifestyle and convenience of an urban village. We are not a place for speculators. In addition, the cost of the land for the development and the value that has already been created provides a wonderful upside for the development group. We will continue to respond to requests for information from potential equity investors and speak with those who have the same vision as the development team and wish to be a part of one of the landmark urban renaissance developments in the Miami area."



   
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