Beckham buys Overtown land for MLS stadium

Miami /
Mar.March 24, 2016 06:49 PM

David Beckham and his partners just bought the private land required for a Major League Soccer stadium in Miami’s Overtown neighborhood. 

The announcement marks the first time Beckham has closed on land for a soccer stadium in Miami, following more than two years of failed attempts to find a location. A price was not disclosed.

The soccer star and his investors had also looked at Little Havana and downtown Miami.

Now, Miami Beckham United needs approval from the county to buy government-owned land and city approval for the required zoning changes. As proposed, the nine-acre stadium site would be between Northwest Sixth and Eighth streets, north of the Miami River in Overtown. That includes the roughly six acres of privately owned land that the group just closed on at 650 Northwest Eighth Street, according to a press release.

Property records show Windsor Investment Holdings LLC, a private company managed by Roland DiGasbarro of Coral Gables, was one of the sellers.

Beckham’s current plans are light on parking and rely on public transportation, which has drawn criticism from county officials. It would have stadium-goers walk from the nearby Metrorail station about three blocks away, plus use existing parking lots and garages in the area that total about 7,000 parking spaces.

Regardless, the Overtown location has already attracted other investors. Just last week, a 47,000-square-foot plot across the street from the stadium site sold for $6.7 million, The Real Deal reported.

“We have the right site, the right ownership group, and a loyal base of fans counting down the days until our first match,” Marcelo Claure, a Beckham partner and the CEO of Sprint, said in a statement. “We’re all-in on Overtown, and we couldn’t be more excited about moving forward with plans to deliver the most responsible stadium in Miami history.” — Katherine Kallergis


Related Articles

arrow_forward_ios
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
David Hammond, CEO of Opulence and Tomi Rose
Judge rules Tomi Rose must pay back nearly $77K to her former brokerage Opulence
Judge rules Tomi Rose must pay back nearly $77K to her former brokerage Opulence
Ivanka Trump and Jared Kushner and the Indian Creek property (Google Maps, Compass via One Sotheby's International Realty)
Jared and Ivanka paid $24M for this waterfront Indian Creek estate: sources
Jared and Ivanka paid $24M for this waterfront Indian Creek estate: sources
Todd Michael Glaser, Don Francisco and 37 Indian Creek Island Road (Kobi Karp, Todd Glaser)
Developer Todd Glaser pays $24M for Don Francisco’s Indian Creek estate
Developer Todd Glaser pays $24M for Don Francisco’s Indian Creek estate
Marc Anthony and the Coral Gables estate. (Getty, Nexxos Realty via Compass)
Buyer revealed: Tiger Global honcho is purchaser of Marc Anthony’s former estate
Buyer revealed: Tiger Global honcho is purchaser of Marc Anthony’s former estate
Jeff Franklin and 1230 South Venetian Way (Getty)
“Full House” creator Jeff Franklin buys waterfront Venetian Islands property
“Full House” creator Jeff Franklin buys waterfront Venetian Islands property
arrow_forward_ios

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

Loading...