American Dream Miami developer Triple Five under contract to buy Archbishop Curley site in Little Haiti

Triple Five plans to apply for a special area plan and build apartments, condos and retail space

Miami /
May.May 14, 2018 05:30 PM

Aerial view of the property

Triple Five Group, the developer of the proposed American Dream Miami mall, is under contract to buy the Archbishop Curley-Notre Dame High School site in Miami, with plans to build apartments, condominiums and retail space, The Real Deal has learned.

Robert Gorlow, a Miami Lakes-based consultant for Triple Five, confirmed that the Edmonton, Canada-based company has the 15.56-acre site at 4949 Northeast Second Avenue under contract. He declined to provide a price or an estimated date for closing.

Triple Five, owned by the Ghermezian family, owns such malls as the Mall of the America in Bloomington, Minnesota and the West Edmonton Mall in Alberta, Canada. Its proposed $4 billion American Dream Miami project is up for county zoning approval on Thursday.

The company, led by Iranian-Canadian developer Eskandar Ghermezian, is planning to apply for Special Area Plan zoning for the Archbishop Curley campus. The size of the buildings and the number of apartments, condos and retail space are still to be determined, said Gorlow, who is a partner on the project.

In September, the Archdiocese of Miami put the Archbishop Curley-Notre Dame site on the market. Bids were due in November. Avison Young’s David Duckworth, John K. Crotty and Michael T. Fay and Bezold Realty were hired to market the site, unpriced. The archdiocese closed the school in 2016 and late that year reportedly received a $65 million unsolicited offer for the property.

If approved for T6-12 zoning, the site could be developed into a mixed-use project with up to 2,300 residential units, up to 28-story buildings and about 5 million square feet of space, Avison Young previously said. The brokerage firm does not comment on pending contracts, according to a spokesperson.

The property in Little Haiti is north of the Miami Design District and west of the Upper East Side neighborhood. It is near two major sites, the Eastridge Special Area Plan at 5045 Northeast Second Avenue and the planned $200 million redevelopment and expansion of the Jewish Health Systems campus.

Triple Five’s proposed 3.5 million-square-foot American Dream Miami mall would cover at least 174 acres in unincorporated northwest Miami-Dade. The development would include 3.5 million square feet of retail and restaurants, a theme park, 2,000 hotel rooms, a 16-story indoor ski slope, a 20-slide water park, a 14-screen 3-D movie theater, a performing arts center and more.

If the re-zoning is approved this week, Triple Five’s attorney Miguel Diaz de la Portilla said the project would break ground in the second half of 2019, with opening expected in 2023.


Related Articles

arrow_forward_ios
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Aventura Mayor Enid Weisman (Facebook via Weisman, Getty)
Aventura votes to require HOAs to submit critical reports within 48 hours
Aventura votes to require HOAs to submit critical reports within 48 hours
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
The Buena Vista Gardens in Little Haiti (Apartments.com)
Bowery Properties buys Little Haiti apartment portfolio for $12M
Bowery Properties buys Little Haiti apartment portfolio for $12M
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
arrow_forward_ios

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

Loading...