The UDB, created in 1983, was designed to safeguard environmentally sensitive wetlands, farmland, and the Everglades from urban expansion. Despite those protections, commissioners voted to allow the heavy equipment company to develop 246 acres west of Sweetwater. Miami-Dade Mayor Levine Cava called on the county commissioners to sustain her veto of their recent vote.
Much of the new sublease inventory for Miami industrial industrial space is coming from companies tied to the housing industry, including furniture, appliance and building-material suppliers.
Terreno Realty’s shares have performed well but still appear modestly undervalued—by roughly 7%—suggesting that while the landfill-to-logistics strategy adds credibility to the story, its long-term value will depend on consistent execution rather than any single completed building.
The transaction reflects a growing trend across South Florida, where developers are adding residential projects to underused office parking lots.
The program provides up to a 50 percent reimbursement for exterior improvements, with a maximum award of $10,000 per project. Businesses and commercial property owners located within the Doral Décor District, as well as Homeowner Associations (HOAs), are eligible to apply.