The Real Deal Miami

Bond approved on UM Life Science
July 09, 2010 09:45AM

The new UM Life Science and Technology Park

The Miami-Dade County Commission unanimously gave the nod to $60 million
in tax-free bond financing for the new University of Miami Life Science
and Technology Park. Developer Wexford Miami is on the hook to repay
the loan, which will finance the construction of Phase 1 of the
250,000-square-foot project, scheduled to be completed in June
2011. The project signed its first tenant, the University of Miami, last
month, for 80,000 square feet. [SFBJ]