PERLA MIAMI LUXURY REAL ESTATE: Vote for Your Favorite Proposal for Miami Dade College's Downtown Site

Monday, February 29, 2016

Vote for Your Favorite Proposal for Miami Dade College's Downtown Site

Renderings and plans for all four bids have been released in full for Miami Dade college's heavily desired 2.6-acre site in Downtown Miami near American Airlines Arena at 520 Biscayne Boulevard.

The four contenders: Gregg Covin Development/Oppenheim Architecture; Nader+Museu | Limited Liability Limited Partnership; Pi Art Tech and Trade Center at MDC, LLC; and The Related Group.

Check out highlights and renderings of the four potential mixed-use projects and vote for your favorite down below.

Covin/Oppenheim

1 of 8

57-story tower, with condominiums, office space, and 300-room hotel.
Miami Dade College Cultural Center, with a performing arts theatre, 3,000-seat conference auditorium, 100,000-square-foot museum, 52,000-square-foot Cultural Center outdoor plaza, 75,000 square feet of covered outdoor balconies, 45,000 square feet of retail/restaurant, 300,000 square feet of office space, 215,000-square-foot boutique hotel, 40,000-square-foot athletic center, and 37,000-square-foot pool deck.
Construction costs estimated at $500 million.

Nader+Museu

1 of 3

Building space: 238,556 square feet
Latin American Art Museum, sculpture garden, performing arts theater, 16,000-square-foot restaurant, and two 50-story residential towers totaling 500 units.
Proposed to pay MDC $40,000 per condo unit sold in the first tower, $60,000 per condo unit sold in the second tower, and will donate $10 million in "museum quality pieces" each year. Total donation: $60 million.

Pi Art Tech and Trade Center

1 of 6

Building space: 2.2 million square feet
80-story 1,100-foot mixed-use tower with 820,000 square feet of offices, 210,000 square feet of condos and 68,000 square-feet of retail.
Project’s museum would house Cisneros Fontanals Art Foundation. Cost of public improvements is estimated at $145 million.
Total cost is estimated at about $1 billion.

The Related Group

1 of 5

75-story condominium tower with 350 units, 39-story office tower, 100-room hotel and 10,000-square-foot private club with free membership to MDC faculty and academic leadership.
Cultural Center: 3,020-seat facility "ACME Hall"; 33,750-square-feet of programmable multi-functional space; 45,000-square-foot museum facility; 35,900-square-foot Sculpture Garden; 9,000-square-foot restaurant;
Estimated construction costs are $673.7 million, with $105 million for public improvements. Offering to pay MDC 10 percent of every dollar of revenue derived from condo sales in excess of $750 per square foot.

The next step calls for presentations to be given to the evaluation committee in March, per the Real Deal.

Which MDC bid proposal is your favorite?