Bacardi partnership plans mixed-use tower in downtown South Miami

11-story building would include 300 resi units, grocery store and retail

Miami /
May.May 13, 2019 01:30 PM
A rendering of South Miami Market with Facundo Bacardi (Credit: Bacardi Limited via Emory University)

A rendering of South Miami Market with Facundo Bacardi (Credit: Bacardi Limited via Emory University)

A joint venture led by the Bacardi family is planning to replace a decades-old Winn-Dixie in South Miami with a mixed-use residential tower.

Records filed with the city show 5850 S.W. 73 Street LLC is going before the South Miami Planning Board on Tuesday for approval to build an 11-story building with about 300 residential units, a market and retail space on the ground floor of the property at 5850 Southwest 73rd Street. It’s two blocks south of the Shops at Sunset Place, which recently secured approvals for redevelopment.

A rendering of South Miami Market

A rendering of South Miami Market

The company is tied to the Facundo and Amalia Bacardi Foundation. Alta Developers formed a joint venture with the Bacardis to redevelop the 1.9-acre Winn-Dixie property, according to the South Florida Business Journal. Facundo Bacardi, chairman of Bacardi Limited, recently completed the nearby office and retail project at 1515 Sunset Drive.

Property records show 5850 S.W. 73 Street LLC paid $14.5 million for the site in 2007.

The developers are requesting the city change the site from mixed-use commercial/residential zoning to transit-oriented development district.

A rendering of South Miami Market

A rendering of South Miami Market

The South Miami Market project would include nearly 341,000 square feet of residential space, 65,000 square feet of commercial – including back of house space, a 24,000-square-foot market and 20,000 square feet of additional retail – and nearly 500 parking spaces. A pool deck would be built on the sixth floor of the building, and the developers would also improve the streetscape. Corwil Architects is designing the project.

The Winn-Dixie building was built in 1962 and now totals about 21,000 square feet of space, plus surface parking.

The redevelopment at Sunset Place, at 5701 Southwest 72nd Street, was rejected by the commission in 2017 and finally approved in April. The developers, a partnership between Federal Realty Investment Trust, Grass River Property and The Comras Company, plan to transform the roughly half-a-million square-foot shopping center into a mixed-use site featuring a reimagined mall, a pair of apartment buildings and a hotel.


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