The Real Deal Miami

Avra Jain, Terra among developers planning new projects in Hialeah

Pointe Cos. and Lincoln Property Co. also propose new developments
By Amanda Rabinea | August 29, 2018 05:45PM

Avra Jain, David Martin, aerial of 4800 Northwest 37th Avenue and rendering for 1033 East 25th Street development

A slew of developers are proposing new projects for the city of Hialeah, amid strong efforts to transform its image from an industrial and manufacturing district into a trendy residential and commercial area.

New entertainment venue proposed near Hialeah Market Station

Among the new projects, developers Avra Jain and David Martin of Terra are partnering to refurbish an aging 6-acre industrial complex at 4800 Northwest 37th Avenue. The site is just north of the Hialeah Market Station and Tri-Rail/Metrorail Transfer Station, where the city recently up-zoned 300 acres to allow for more commercial and residential development.

On Tuesday evening, Hialeah’s City Council unanimously approved a land-use amendment that will rezone the property from industrial to transit-oriented development.

Attorney Jorge Navarro, who represents the developers, told council members that the developers plan to refurbish the existing warehouse property and transform it into a new entertainment venue with restaurant space, art galleries and breweries. Renovation plans also will include new landscaping and adding cobblestone streets, Navarro said.

The warehouse complex was built in 1932 and was once the largest bed manufacturing plant in the city before it was abandoned. The property is currently vacant.

More details for the site will be presented at the next city council meeting in September. The property is currently owned by Daniel Karnis and is under contract for an undisclosed price.

Jain is best known for redeveloping the Vagabond Hotel on Biscayne Boulevard. She is also working on rehabbing apartment buildings in Overtown. Martin, who has projects in Coconut Grove, Doral, Pembroke Pines and North Beach, is partnering with developer Jackie Soffer to build a convention center hotel in Miami Beach

Jain and Martin are also bringing a sports-themed entertainment facility to Miami’s Liberty City neighborhood, just west of Little River.

Apartment building planned for old retail strip mall

Also by the Tri-Rail/Metrorail Transfer Station, Pointe Cos. wants to demolish a retail strip mall built in 1956 and replace it with a 119-unit multifamily building with retail on its ground floor.

The 8-story building would rise at 1033 East 25th Street and feature 21,000 square feet of retail space. It’s currently owned by 1025 Miami Hialeah LLC, led by Monica and Israel Grinberg. Tuesday night, Pointe Companies won approval to rezone the property from commercial to transit-oriented development.

Pointe Cos. is a privately held investment and development company led by Maurice Egozi and Alan Sakowitz.

Lincoln Property Co. wants to redevelop Miami International Logistics Center

An affiliate of Lincoln Property Co. wants to completely renovate its Miami International Logistics Center into a new logistics center with newer and larger warehouses and extra space for trailers.

The owner won approval from the city council to change its zoning from light industrial/transit-oriented to industrial development.

Lincoln Property Co. paid $27 million for the 500,000-square-foot warehouse last year. The warehouse sits on a little more than 20 acres and was built in 1960.

Mobile home community rezoned for mixed-use development

The hidden developer that paid $12 million for a mobile home park in March also won city approval to rezone the 10-acre site from residential to commercial.

The green light from city officials paves the way for Hialeah Pura Vida Commercial and Hialeah Pura Vida Apartments to build up to 54,000 square feet of commercial space and up to about 288 apartments.

The entity names are linked to Delaware LLCs, and are led by attorney Mark Meland of Meland, Russin & Budwick. Residents were issued a notice to vacate the park by the end of November. Attorney Javier L. Vazquez represented the developer at the meeting.