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Buena Vista Yards / Midtown Miami Project

Aerial photo of Buena Vista Yards/Midtown Miami Project
The Buena Vista Yards consists of 56 acres of vacant land and is located south of N.E. 36th Street, north of 29th Street, west of N.E. 2nd Avenue, and east of North Miami Avenue.

It was formerly owned by the Florida East Coast (FEC) Railway, which used the property as a storage yard for freight containers in the maritime transport of goods. The land was purchased in 2002 by Biscayne Development Partners, LLC, a joint venture between Midtown Equities and Samuel & Company. Biscayne Development Partners in turn sold the western portion of the site (for retail and apartment development) to Developers Diversified Realty (DDR).

The developers are working closely with the City of Miami and Miami-Dade County to fund public improvements including street paving, gutters and sidewalks, water and sewer lines, drainage systems, landscaping, and irrigation. The financial funding from this project comes from many different sources, including a HUD Section 108 loan, Community Development District (CDD) Bonds, Economic Development Administration (EDA) funds, Environmental Protection Agency (EPA) funds, and the Florida Department of Transportation (FDOT) funds.

Midtown Miami rendering
Once finished, the project will consist of two major components: The Shops at Midtown (retail) and Midtown Miami (residential), providing approximately 600,000 square feet of retail space, 3,000 condo lofts and 350 apartment units. It will have an estimated development value of $1.2 billion and will generate an estimated 1,700 permanent jobs.

This enormous project will transform the neighborhood into a vibrant urban center and is destined to become one of the most dynamic new retail locations in South Florida.

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