Bonds sought for $250M Miami-Dade film studio

Plan includes space for upscale hotel, retail space

TRD MIAMI /
Dec.December 08, 2014 02:15 PM

Miami Ocean Studios LLC is seeking approval for a $10 million bond to help fund the creation of its proposed film studio.

The company, led by Rodolfo Paiz, reportedly wants the bond to fund infrastructure improvements for the lot it intends to lease from the county at 20000 Northwest 47th Avenue. The company had previously requested a $5 million bond in July and later withdrew the request.

The Miami Economic Development & Port Miami Committee will consider the bond measure on Dec. 11, according to the South Florida Business Journal. If approved, the measure would then go to the county commission.

The $250 million, 900,000-square-foot facility would include 10 sound stages, two water stages and production offices. The developer also intends to build an upscale hotel with retail space. Construction on the 650,000-square-foot first phase is planned to start in November 2015, with the remaining space built out within five years, the Journal reported. [South Florida Business Journal]  Chris Guanche


Related Articles

arrow_forward_ios
Renderings of the project (Courtesy of Pinnacle)

Pinnacle scores $31M for senior affordable housing development

Pinnacle scores $31M for senior affordable housing development
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)

South Florida signed resi contracts up in September: Elliman

South Florida signed resi contracts up in September: Elliman
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis moves Miami-Dade, Broward counties into phase two

DeSantis moves Miami-Dade, Broward counties into phase two
Miami-Dade Mayor Carlos Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine
While newly signed contracts for both single-family homes and condos rose on an annual basis, month-over-month contracts fell compared to July

New signed resi contracts rose in August in South Florida

New signed resi contracts rose in August in South Florida
Photo illustration of Mayor Carlos Gimenez (Getty, iStock)

Restaurants can reopen their dining rooms in Miami-Dade starting next week

Restaurants can reopen their dining rooms in Miami-Dade starting next week
Bottom row: Nick Sharp, Felix Bendersky and Jaime Sturgis; top row: Mayor Dale Holness and Mayor Carlos Gimenez (Instagram/threefoldcafe, F&B, Linkedin, Office of the Mayor, Twitter)

Restaurateurs to protest restrictions in Miami-Dade. In Broward, it’s a different story

Restaurateurs to protest restrictions in Miami-Dade. In Broward, it’s a different story
arrow_forward_ios

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

Loading...