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

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

TRD 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
Downtown Doral with Ana-Marie Codina Barlick

Reservations only: Salons, restaurants adapt to new normal in South Florida

Reservations only: Salons, restaurants adapt to new normal in South Florida
Miami Dade County Mayor Carlos Gimenez (Credit: Alexander Tamargo/Getty Images)

Miami-Dade outlines reopening plan to start Monday, but it’s far from a return to normal

Miami-Dade outlines reopening plan to start Monday, but it’s far from a return to normal
Ron DeSantis (Credit: Joe Raedle/Getty Images)

Palm Beach County to reopen retail, restaurants next week

Palm Beach County to reopen retail, restaurants next week
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

Florida to begin reopening on Monday, but not South Florida

Florida to begin reopening on Monday, but not South Florida
Walgreens at 4473 Weston Road and Scott Sandelin

Walgreens-leased property in Weston hits the market

Walgreens-leased property in Weston hits the market
From left: William Kakon and Ophir Sternberg

South Florida property owners offer free rent in April, May

South Florida property owners offer free rent in April, May
From left: Avra Jain, Scott Sherman, Josh Migdal, Tony Arellano, Devlin Marinoff and Jason Kellogg

“A landlord waiving rent and not getting anything in return is just not a reality:” experts sound off on pandemic’s effect on South Florida’s retail market

“A landlord waiving rent and not getting anything in return is just not a reality:” experts sound off on pandemic’s effect on South Florida’s retail market
Mayor, Miami-Dade County, Carlos A. Giménez (Credit: Ryan Holloway/ Armando Rodriguez Miami-Dade County Photographers)

Miami-Dade orders all non-essential businesses closed due to coronavirus

Miami-Dade orders all non-essential businesses closed due to coronavirus
arrow_forward_ios

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

Loading...