David Beckham to pay $9M for final piece of stadium development site in Overtown

Beckham group paid $19M for 6 privately owned acres next to the county land last year

TRD MIAMI /
May.May 09, 2017 04:00 PM
David Beckham and a proposed rendering of the stadium

David Beckham and a proposed rendering of the stadium

Miami’s Major League Soccer stadium may finally become a reality. 

David Beckham is ready to close on the 3 acres of Miami-Dade County-owned land needed to build the stadium, and he now has an investor to pay for it, the Miami Herald reported. While the county has been ready to negotiate a deal for the Overtown land, Beckham held off, until Los Angeles Dodgers owner Todd Boehly came on board to help back the stadium.

The Miami-Dade County Commission could vote on the deal during next week’s meeting, according to the Herald. Commissioner Audrey Edmonson, whose district includes the site, told the newspaper she isn’t ready to support the sale, which could delay the entire process. The city of Miami would also have to approve zoning changes to allow for the stadium.

Beckham’s group would pay the appraised value of $9 million for the land, which is being used as a county bus depot. It’s the missing piece for the soccer star, who first announced he was planning to build an MLS stadium in Miami in 2014. After sites at PortMiami and other locations in Miami failed to gain traction, Beckham moved onto Overtown for the proposed $150 million, 25,000-seat stadium.

Last year, Miami Beckham United paid $19 million for 6 privately owned acres next to the county’s 3 acres.

The proposed stadium has helped spur investment in Overtown, where land prices have surged in recent years and months. An example of that is the $6.7 million sale of a 47,000-square-foot plot across the street from the stadium site last year. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Sarkis Izmirlian and 295 Northwest 20 Street (Credit: Google Maps)

Billionaire hotelier buys Overtown store for $6M

Jorge Mas, David Beckham and a Miami Freedom Park rendering

Miami again delays vote on David Beckham’s soccer stadium deal

690 Northwest 13 Street and Francisco Martínez-Celeiro (Credit: Google Maps, Wikipedia)

The final act: Spaghetti western star sells Overtown warehouse for $10M

JP Morgan's announces $5M investment in affordable housing in South Florida at the Black Archives Historic Lyric Theater in Overtown on Wednesday

JPMorgan to invest $5M to build 150 new affordable rentals in South Florida

Marcus Samuelsson and exterior shot of Red Rooster construction (Credit: Getty Images)

Marcus Samuelsson’s Red Rooster Overtown restaurant is almost ready

From left: Francis Suarez, Jorge Mas, and David Beckham, with a rendering of the Miami soccer stadium

Miami commission wants contract for Beckham stadium deal by October

Daily Digest Miami

Stephen Ross steps down from NFL committee post-fundraiser backlash, drama at Regalia: Daily digest

arrow_forward_ios
Loading...