The Real Deal Miami

Developer to invest $33M in Hollywood’s Liberia

Robert Fautz to use large chunk of the cash for mixed-use loft development

June 10, 2014 04:30PM

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Robert Fautz and Oakwood Plaza.

Robert Fautz and Oakwood Plaza.

Robert Fautz, whose firm turns rundown real estate into environmentally sustainable properties, plans to inject $33 million into Hollywood’s Liberia, once the city’s segregated African-American neighborhood.

Fautz plans to invest in commercial properties, affordable housing and a 90-loft mixed-used development with 16,000 square feet of retail space and a half-acre of green space. The $20 million mixed-use project has been dubbed Liberty Lofts Park, and Fauntz is currently seeking city approval for the project, according to the Daily Business Review

Fautz also plans to renovate the Rosewood Shops at 2910 North 22nd Avenue.

Hollywood-based Fautz Associates has offices in New York and Boston and a portfolio of 150 single-family homes, apartments and nearly 1 million square feet of industrial and commercial properties in Florida, according to the Daily Business Review. [DBR] Christopher Cameron

  • real

    Well hey if OverTown turned into wynwood so just about anything is possible, but then again Liberia is a residential neighborhood and community that has been in the same position since its been established. Throwing 33 million in a neighborhood like this is not the smartest idea but every investor has it own strategy. If your not renting section8 or low income don’t expect anyone to move into that neighborhood unless they live in it already. would you throw 33 million in liberty city or would you just buy multi and single family to rent out ? I rather stick to the basics

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