MV Group plans $26M Town Center Killian Park retail project

MV Group is under contract to buy the site for $5.8M

Miami /
Apr.April 16, 2020 03:30 PM
Rendering of Town Center Killian Park and Manny Varas

Rendering of Town Center Killian Park and Manny Varas

UPDATED, April 16, 5 p.m.: MV Group USA filed plans for a town center retail project in south Miami-Dade County.

The Miami-based development firm and builder, led by Manny Varas, is proposing to build Town Center Killian Park, a 42,000-square-foot project on a 5-acre plot of land near the intersection of U.S. 1 and Killian Parkway, Varas said. His company is under contract to purchase the site for $5.8 million, and plans to spend another $20 million on development.

The property is across from Suniland Shopping Center, and north of The Falls mall.

Varas said Greenberg Traurig attorney Jorge Navarro submitted the proposal to Miami-Dade County last week.

Andrew Pearl of Investment Management Associates is handling the land purchase and retail leasing for the project. Retail spaces will range from 1,200 square feet to 3,200-square-foot spaces earmarked for food and beverage tenants.

Construction of the single-story retail project could begin in December and be completed next spring.

It will be centered around an 85-foot ficus tree and include open green space, which is especially important now in the time of social distancing, Varas said. Modis Architects and Kimley Horn are designing the town center project.

Brickell-based MV Group has owned and developed retail along Flagler Street and in the Miami Design District. The company is also under contract to sell the AT&T and Dunkin’-lease property at 9900 Bird Road for $3.1 million, Varas said.

Correction: An earlier version of this story incorrectly stated that MV Group is buying a property on Bird Road. It is the seller. 


Related Articles

arrow_forward_ios
Cobblestone Commons at 8767 Boynton Beach Boulevard (Google Maps)
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
The Shoppes of Oakland Forest (Rich Commercial Group)
Shopping center in Oakland Park sells for $11M
Shopping center in Oakland Park sells for $11M
BridgeInvest's Alex Horn and Rieber Developments' Bernardo Rieber with a rendering of the project 
Rieber lands $15M loan for Aventura mixed-use project
Rieber lands $15M loan for Aventura mixed-use project
Arnaldo Bomnin and 8525 South Dixie Highway (Google Maps)
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
21046 Commercial Trail, Boca Raton (Google Maps, iStock)
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
2195 Northwest 103rd Street (Google Maps, iStock)
Four South Florida gas stations sell for $15M
Four South Florida gas stations sell for $15M
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)
Holman sells former Fort Lauderdale BMW dealership for $6M
Holman sells former Fort Lauderdale BMW dealership for $6M
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
arrow_forward_ios

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

Loading...