PROJECTS AND OPPORTUNITIES
The Texas-based developer an-
nounced in September that it in-
tended to start development
immediately on the $60 million
community after it bought 17.51
acres from the Jacksonville Trans-
portation Authority on Aug. 28 for
$6.73 million, the Jacksonville Daily
Record (JDR) reports. The overall
project value is estimated at $60
million. Mark Farrell, Presidium president
of development, told JDR he ex-
pects completion in mid-2021 and
the clubhouse and first building to
be ready in 13 to 14 months.
The 470,000-sq. ft. development
will include five four-story apart-
ment buildings and five two-story
carriage-house buildings along with
a leasing and amenities building.
Mana Group breaks
ground on massive Mana
Common project in
downtown Miami
Moishe Mana’s Mana Group has
broken ground on its Mana Com-
mon project in downtown Miami.
“This is a crucial first step as we
work to reinvigorate the historic
downtown and transform it into an
economically vibrant commercial
neighborhood, blending the best in
art, entertainment, fashion, technol-
ogy and more,” Mana said in a
news release.
Over the years, Mana has spent
in excess of $350 million to buy up
more 50 properties, making him the
single largest landholder in the
downtown core, the Miami Herald
has reported.
The first stage of the project will
be at the Flagler Station building at
44 E. Flagler St. the interior will be
torn out to create about 20,000 sq.
ft. of retail and office space. There
will be an incubator for high tech-
companies in the building.
The Miami International Univer-
sity of Art and Design and Studio
Enterprise will relocate to a 13-story
office building at 155 South Miami
Ave. This structure will also house a
five-floor startup hub.
As well, Mana plans to build five
commercial galleries, two restau-
rants and provide a space for talks
and screenings on Southeast First
Street. Neptune Beach Kmart to
be turned into retail,
entertainment and hotel
development Developers plan to convert a for-
mer Kmart site in Neptune Beach
into a retail, entertainment and
hotel development.
TriBridge Residential and TLM
Realty Corp. announced their inten-
tions in a Sept. 23 news release,
giving the project the name Saltwa-
ter Row.
“Our goal is to transform a slug-
gish plaza into a dynamic shopping
and entertainment destination with
curated retail, restaurants and ho-
tels, attracting locals and visitors
alike,” said TriBridge Residential
Principal of Development Katherine
Mosley. Plans for the first phase call for
a two-story building with 30,000
sq. ft. of retail on the ground floor
with a 44-room boutique hotel
above. The developers hope to begin
construction in early 2020. The sec-
ond phase would include a 150-
room upscale hotel.
Saltwater Row’s retail offerings
are being “carefully curated and will
complement the vibrant lifestyle ex-
perience available in the nearby
Beaches Town Center including
local chef-driven concepts, fitness
activities, boutique stores and en-
tertainment,” the news release said.
CIM Group begins
construction of mixed-use
development in Miami
CIM Group has started construc-
tion of a mixed-use development in
the Wynwood district of Miami.
The project, sitting on a 1.78-
acre site at 2201 N. Miami Ave., in-
cludes approximately 27,000 sq. ft.
of street-level retail and studio
space, approximately 60,000 sq. ft.
of office space, 257 apartment units
and approximately 480 parking
stalls. Spanning a full city block
bounded by NE 22nd and NE 23rd
streets, the site has approximately
250 linear feet of frontage on N.
Miami Ave. to the west, and fronts
the Brightline Rail to the east.
Three office floors will be located
above the street-level retail and stu-
dio space and extend across the full
block. Residents will be able to
enjoy numerous onsite amenities
and large communal gathering
spots throughout. The retail, office,
and apartments feature floor-to-ceil-
ing windows, which provide an
abundance of natural light.
The ground floor retail space will
accommodate a variety of shops,
cafes and restaurants, galleries or
other businesses that desire a
prominent location in Wynwood.
The project is expected to be
complete in mid-2021.
Florida Construction News — OCTOBER 2019 – 15