Status CEO Marty Caparros (left), Hialeah Park’s John Brunetti Jr. and the Hialeah Park race track (Fb, Hialeah Park, Status, Getty)
It’s the corner stretch for Status Companies’ prepare to redevelop an unused portion of Hialeah Park race track into a 343-unit apartment elaborate and a constitution college.
An affiliate of Miami Lakes-based mostly Status compensated $13.7 million for a 13.1-acre vacant whole lot on the 200-acre house that is house to the historic Hialeah Park Racing & On line casino, information present. The vendor is an entity managed by Hialeah Park President John Brunetti Jr., a developer whose loved ones has owned the famed ex-parimutuel site considering the fact that 1977, according to information.
Previous yr, the Hialeah City Council authorised a big blended-use redevelopment of Hialeah Park that keeps the Mediterranean-fashion race monitor constructing intact. Done in 1925, the structure is on the Nationwide Sign-up of Historic Destinations. Live racing was discontinued in the early 2000s, but Hialeah Park does have state acceptance for slot equipment, card games and pari-mutuel wagering on televised horse races.
Status and the Brunettis system to establish a Mater Academy K-12 constitution university and 343 flats in 3-story, small-increase buildings and some townhomes, according to city information. The growth is the first-stage of a new unique zoning district for Hialeah Park that permits resorts, eating places, nightclubs, a supermarket, a bowling alley and an equestrian hospital.
Led by CEO Martin Caparros, Status is a single of the most energetic builders in Hialeah. In Could, the firm shaped a joint undertaking with Florida Worth Companions to get a shuttered Salvation Army keep at 7450 West Fourth Avenue. The partnership paid $15 million to a Status affiliate that purchased the 4.9-acre assets last yr for $8.3 million, information demonstrate.
Prestige and Florida Benefit system to create a 3-tale retail and apartment setting up, along with 100 two-tale townhouses.
Prestige is also acquiring a trio of workforce housing rental communities in Hialeah. Previous 12 months, the organization received a $21 million development personal loan to construct three backyard garden-design and style tasks consisting of 3-story structures with a full of 186 residences all over the Town of Progress.
