Miami considers reneging on planned film studio

Miami /
Mar.March 08, 2012 02:15 PM

One month after selecting a design consultant to help it move forward with a film studio, the City of Miami has sold a part of the site slated for the Miami Entertainment Center.

According to Miami Today, Miami’s Omni Community Redevelopment Agency sold part of the parcel to the state’s Department of Transportation for slightly more than $1 million. And the agency is exploring the sale of the rest of the site. New York investor Moishe Mana, for one, is interested in developing the site.

Miami bought the site at 29 NW 13th Street, currently home to the 89,000-square-foot building that formerly held the Miami Skills Center, for $3.1 million last year.

“We can still sell the Skills Center at a profit,” Marc Sarnoff, Miami commissioner and director of the redevelopment agency said in January.

In February, Miami chose California-based Bastien & Associates to determine the next step for the site. While Mana is interested in the entertainment intiative, the plan could be scrapped if the private sector steps up and purchases the site, Miami Today noted. [Miami Today]


Related Articles

arrow_forward_ios
Moishe Mana and 633 and 699 Northeast 167th Street (Getty, LoopNet)
Moishe Mana unloads North Miami Beach office building for $20M
Moishe Mana unloads North Miami Beach office building for $20M
Moishe Mana with rendering of his downtown Miami redevelopment (Getty, Mana Common)
Déjà vu? Moishe Mana says he is almost done assembling downtown Miami portfolio with new purchase
Déjà vu? Moishe Mana says he is almost done assembling downtown Miami portfolio with new purchase
A photo illustration of Moishe Mana and the properties at 2820, 2840, 2850 and 2898 Northwest Seventh Avenue (Getty Images, Mana, Google Maps, LoopNet)
Moishe Mana pays $16M for commercial assemblage in Allapattah
Moishe Mana pays $16M for commercial assemblage in Allapattah
Moishe Mana with the Shoreland Arcade at 120 Northeast First Street (Getty)
Moishe Mana buys historic downtown Miami buildings for $34M
Moishe Mana buys historic downtown Miami buildings for $34M
Moishe Mana, already downtown Miami’s biggest landlord, pays $25M for three more buildings
Moishe Mana, already downtown Miami’s biggest landlord, pays $25M for three more buildings
Moishe Mana, already downtown Miami’s biggest landlord, pays $25M for three more buildings
Inset: Jay Philip Parker, Alicia Cervera Lamadrid, Edgardo Defortuna
Real estate developers, brokers court Art Basel Miami Beach attendees
Real estate developers, brokers court Art Basel Miami Beach attendees
Moishe Mana buys more land in Miami’s Allapattah
Moishe Mana buys more land in Miami’s Allapattah
Moishe Mana buys more land in Miami’s Allapattah
Moishe Mana buys Allapattah site as he doubles down on Miami
Moishe Mana buys Allapattah site as he doubles down on Miami
Moishe Mana buys Allapattah site as he doubles down on Miami
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...