search

The Real Deal Logo

Trending

Fortress initiates $548M foreclosure on Cohen Brothers portfolioFortress initiates $548M foreclosure on Cohen Brothers portfolio99 Cents closures to open 3.8M sf of retail opportunities in SoCal 99 Cents closures to open 3.8M sf of retail opportunities in SoCal WeWork announces deal to exit bankruptcy, avoid takeover by Adam NeumannWeWork announces deal to exit bankruptcy, avoid takeover by Adam NeumannAby Rosen and Michael Fuchs owe former RFR partner $20M: suitAby Rosen and Michael Fuchs owe former RFR partner $20M: suit
Commercial
South Florida

Massive mixed-use project pitched for Miami-Dade mobile home park

Investment group seeks approval for nearly 4,000 apartments, retail, offices and a hotel

An aerial of the mobile home park at 8050 Northwest Miami Court with a rendering of the redevelopment plans
An aerial of the mobile home park at 8050 Northwest Miami Court with a rendering of the redevelopment plans (Google Maps, Gensler)

A mobile home park between Miami and El Portal could soon be the site of a massive mixed-use project anchored by nearly 4,000 apartments.

Affiliates managed by David Mordekhay in Hollywood and Tom Grinberg and Gary Otto in Miami are seeking Miami-Dade County’s permission to create a special district that would allow the trio to tear down the Soar Mobile Home Park at 8050 Northwest Miami Court. 

The 22-acre trailer park would be replaced by 3,990 multifamily units, 250,000 square feet of retail, 107,800 square feet of offices and 312 hotel rooms, according to an application filed with the county. 

The project is not a sure thing: It would require the Miami-Dade County Commission’s approval of an amendment to the county’s comprehensive development master plan. 

Designed by San Francisco-based Gensler, the proposed development would feature several buildings ranging from 10 to 50 stories, three acres of public green space and nearly 5,000 parking spots, the application shows. 

Sign Up for the undefined Newsletter

Tenants in the existing trailer park’s 247 mobile homes would be relocated in two phases, according to the application, which did not go into detail on that aspect of the proposal. 

Mordekhay, Grinberg and Otto paid $2 million for the land underneath the mobile homes in 2018, records show. A year later, the park’s residents formed two homeowner associations to fight 40 to 55 percent increases to their monthly rent, according to the Miami Herald. 

Mobile home parks have historically provided housing for extremely low-income residents across South Florida. But in recent years, developers eyeing redevelopment plays have swooped in to buy such properties across Miami-Dade, Broward and Palm Beach counties. 

In one of the most recent deals, Miami-based Treo Group last year paid $6.3 million for the Florida City Campsite & RV Park in Miami-Dade. The transaction took place after the seller, the city of Florida City, in 2021 settled a wrongful eviction lawsuit with former tenants of the 16-acre park. 

Treo subsequently formed a joint venture with Miami-based tract developer Sergio Pino to build 131 townhomes on 10.5 acres of the former mobile home park. Treo plans to redevelop the remaining 5.5 acres into commercial properties. 

Tags
El PortalMiamiMixed-usemobile home parksMultifamilyOfficeRetailTrailer Parks