Owner of nearly 70 acres in West Kendall proposes major mixed-use development

A company affiliated with brokerage firm NAI Miami acquired the vacant land from an arm of Howard Hughes Corporation for $41.84 million

June 02, 2018 02:00 PM

Southwest 88th Street and Southwest 162nd Avenue and NAI Miami’s Robert Eckstein (Credit: Google and NAI Miami)

The owner of a 69.85-acre site in southwest Miami-Dade County proposed a major development on the vacant land that would include apartments, hotel rooms, retail stores and office space.

KTC SW 88TH ST LLC filed a pre-application with the county government to develop the southwest corner of Southwest 88th Street and Southwest 158th Avenue in West Kendall, near West Kendall Baptist Hospital.

The limited liability company, managed by executives of real estate brokerage NAI Miami, acquired the 69.85-acre site in January for $41.84 million. The seller, West Kendall Holdings, is a subsidiary of Howard Hughes Corporation.

NAI Miami didn’t respond to a request for comment by the South Florida Business Journal.

In its pre-application for site-plan approval, the land owner proposed a mixed-use development that would include 600 apartments, a 120-room hotel, 100,000 square feet of office space and 418,920 square feet of retail and entertainment space. A pre-application for site-plan approval allows a developer to get comments from county officials before filing a formal application.

The preliminary plan for the site shows a four-story complex with 45,200 square feet for a movie theater, 40,000 square feet for a supermarket, 25,500 square feet for a bowling alley and 25,000 square feet for a furniture store.

The proposed site plan would replace another one for a development called Kendall Town Center, which was approved in 2004.

Kendall Town Center, designed by Dorsky + Yue International Architecture, was supposed to include a 220-room hotel, 30,000 square feet of office space and 1.35 million square feet of retail space.

Robert Eckstein, a principal of NAI Miami, told The Real Deal five months ago that Howard Hughes Corporation “does a lot of other developments, and I think this one [Kendall Town Center] just got stale on their shelf.” [South Florida Business Journal] – Mike Seemuth

Related Article

Clockwise from left: Jason Hochman, Dominic Montazemi, Miguel Alcivar, Michael Ciadella, and Scott O’Donnell with 2601 Building

Netz USA sells Fort Lauderdale office building to NAI/Merin fund

Neil Merin

NAI/Merin Hunter Codman, partner raise fund with plans to invest $200M in CRE

Aggressive iBuyer Opendoor acquires title and escrow company

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion