The developer behind the MIA Transport Hub application with the county seeks a comprehensive development master plan (CDMP) amendment changing the zoning from “open land” to “terminal” for the property on the north side of Southwest Eighth Street, just west of Southwest 137th Avenue.
This additional land for in Medley will be utilized for the fifth phase of First Park Miami.
Rising development costs, whether from high land prices or increased construction costs, has led investors to shift away from evaluating sites based on historical lease prices and instead betting on the potential for rent growth that could be spurred by a lack of supply.
Updates and projections for commercial real estate’s hottest sector were discussed at the recently held NAIOP I.CON East industrial real estate conference, with more than 1,200 leaders attending from around North America.
Growing demand for AI chips and global competition fuel unprecedented capital expenditures growth according to a recent report by JLL..