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Developer gets green light for $100M Drivers Club Miami project
Carlos de Narváez would lease county-owned land for at least $33M
South American developer Carlos de Narváez is moving forward with his $100 million luxury auto club project, Drivers Club Miami.
Miami-Dade County commissioners unanimously approved the developer’s proposal to turn county-owned land just west of Miami Gardens into a “country club for cars,” according to a press release.
The approval paves the way for Narváez’ 13 Pista LLC to build a massive car entertainment destination, equipped with a 2-mile driving course, auto storage and maintenance facilities, a community center and a government center for northwestern Miami-Dade. Drivers Club Miami will also include dining, retail and hotel components open to the public.
The project is set to rise on a 160-acre site at 20000 Northwest 47th Avenue, and would be developed in multiple phases. Under the county contract, the developer would lease 140 acres of land for an initial term of 30 years, with an expansion option. The lease will cost De Narváez at least $33.4 million.
In exchange for waiving competitive bidding and a below-market lease rate, Narváez also agreed to build improvements for the city, including a new public bicycle course. The three local nonprofits currently onsite will move into new nearby facilities built by the developer.
Miami Gardens has attracted a number of developers and investors. Moishe Mana recently secured a 120,000-square-foot lease in the city for his document storage company. – Amanda Rabines