Bonds sought for $250M Miami-Dade film studio

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
From left: Francisco Llado, Gil Dezer, Amir Korangy, Paulo Bacchi, Edgardo Defortuna, Jay Parker, Daniel de la Vega (Artefacto, Getty)
Is Miami’s residential architecture overplayed? No way!: TRD panel at Artefacto
Is Miami’s residential architecture overplayed? No way!: TRD panel at Artefacto
Boca Raton firm completes bulk purchase of 39 condos near Coral Gables
Boca Raton firm completes bulk purchase of 39 condos near Coral Gables
Boca Raton firm completes bulk purchase of 39 condos near Coral Gables
South Florida residential sales rose in August, but single-family closings fell across the tri-county region. (iStock)
South Florida single-family home sales decline in August as inventory shrinks
South Florida single-family home sales decline in August as inventory shrinks
Cemex CEO Fernando González (Cemex)
Cemex digs into northwest Miami-Dade with $33M purchase of over 150 acres
Cemex digs into northwest Miami-Dade with $33M purchase of over 150 acres
Jimmy Butler, Reshma Sohoni and 8975 SW 63 Court (Getty, Google Maps)
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Castro Properties President Terri Keogh and one of the Wawa's (Castro, SRS Real Estate Partners)
Fill ’er up: Two South Florida Wawa gas station convenience stores sell for a combined $22M
Fill ’er up: Two South Florida Wawa gas station convenience stores sell for a combined $22M
Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
arrow_forward_ios

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

Loading...