Developer Aims To Replace Miami-Dade Offices With Industrial

Hamilton Development is moving forward with plans to redevelop three office buildings in Miami-Dade County into industrial space, but must first resolve a foreclosure lawsuit involving one of the properties.

Nashville-based Hamilton Development, through its affiliates HDCAL Flagler Station LLC and Flagler Station Office, submitted a pre-application to Miami-Dade County officials for the redevelopment of a 16.3-acre site located at 9675, 9725, and 10451 N.W. 117th Avenue in the Flagler Station business park, near Medley and just off Florida’s Turnpike.

In May, the developer took control of two of the office buildings: the 124,227-square-foot property at 10451 N.W. 117th Ave. via a deed in lieu of foreclosure valued at $21.1 million, and the 156,928-square-foot building at 9675 N.W. 117th Ave. through a deed purchase worth $20.84 million.

The third building, a 126,224-square-foot office at 9725 N.W. 117th Ave., remains owned by BOF FL Flagler Station, an affiliate of Utah-based Bridge Investment Group Holdings. However, Hamilton acquired the mortgage on that property in April. On May 23, HDCAL Flagler Station filed a $59.27 million foreclosure lawsuit against BOF FL Flagler Station. The borrower has yet to respond, and Hamilton filed a motion for summary judgment on August 7. The case is still pending.

Bridge Investment Group did not respond to requests for comment regarding the lawsuit. Vanessa Madrid, a Miami-based attorney representing Hamilton in the development application, was unavailable for comment by deadline

According to the development proposal, the three office sites would be redeveloped into two warehouse buildings totaling 307,532 square feet, each with a 36-foot clear height. One building would span 154,453 square feet, with 30 loading docks, three drive-in bays, and 127 parking spaces. The second building would be 153,079 square feet, featuring 26 docks, three drive-in bays, and 122 parking spaces. Ware Malcomb is the project architect.

A traffic analysis by the developer concluded that the proposed warehouses would generate fewer vehicle trips than the current office use.

This project reflects a growing trend in suburban Miami-Dade, where aging or underused office buildings are being replaced by industrial developments. As office demand shifts toward urban areas with more amenities, suburban sites like Flagler Station have struggled to attract tenants. Meanwhile, demand for industrial space—and rental rates—continues to rise.

Source: SFBJ