In the Headlines
June 11, 2018

Altman Cos., BBX Propose Mixed-Use Project in Miami-Dade

South Florida Business Journal

Partner Gloria Velazquez represents a development group, led by Altman Cos. and BBX Capital Corp., that plans to build an apartment and retail project along the Ludlam Trail Corridor in south Miami-Dade County.

The Ludlam Trail is a 5.8-mile abandoned rail line that runs through south Miami-Dade. It was approved by the county in 2016 as a pedestrian corridor with nodes of development along it under a new zoning category. South Florida Business Journal reports that the pedestrian enhancements to the trail are pending, but the developers plan to rezone the nearby vacant site—which is currently zoned as a BU-2 Special Business District and Industrial Light Manufacturing property—to mixed-use status, and new development would include 313 apartments and 10,000 square feet of retail space.

In the application for the project, Ms. Velazquez wrote that "the development of this property will provide an opportunity for additional improvements to the economic viability of the area" and that subsequent "redevelopment of the existing surrounding areas will spur the momentum necessary to promote the revitalization of the corridor as a greenway and trail."

READ: Altman Cos., BBX Propose Mixed-Use Project in Miami-Dade (Subscription required)

Related News and Headlines