The Real Deal New York

SoFla roundup: Chetrit’s Miami project wins approval, Chinese seek EB-5 funding for $1B project … and more

By Ina Cordle | December 10, 2015 05:02PM

From the December issue: The Miami City Commission approved a development agreement and rezoning of a 10-acre site where the New York-based Chetrit Group and local developer Ari Pearl plan to build a $1 billion mixed-used riverfront project next to I-95 that would include four towers, a hotel, shops, restaurants and a public river walk with boat slips.

To obtain city approval for higher density, the developers promised to invest $14 million into an affordable workforce housing fund, as well as $7 million for public infrastructure surrounding the project, including renovating Jose Marti Park. [more]