The Cañero Group’s Jose Cañero and 24735 South Dixie Freeway (Google Maps, Getty, Linkedin)
The Cañero Group is the most current developer to focus on south Miami-Dade County, with programs for a multifamily undertaking.
The Coral Gables-primarily based organization would like to build a 247-unit sophisticated at 24735 South Dixie Freeway in the Princeton neighborhood in an unincorporated region of Miami-Dade, according to an software filed to the county in late September. Cañero Team has the property under contract for an undisclosed sum from the operator, an entity led by Rosa Garcia.
Strategies exhibit an 8-story creating spanning the about 2-acre assets. The property now is generally vacant except for a 5,400-square-foot retail setting up that involves the A-1 Groceries retail store.
Cañero, led by Jose Cañero, offers administration and advisory products and services to serious estate traders, in accordance to its web-site.
The business is joining a growing variety of companies that are turning to south Miami-Dade, an space with an sufficient source of buildable land at much more cost-effective prices than South Florida’s urban cores.
Amid them, The Richman Group, based mostly in Greenwich, Conn., scored a $44.5 million development mortgage for a Naranja community internet site at 27022 South Federal Freeway. The assets is permitted for a 266-device complicated with 8-tale and 4-story structures.
Apart from Princeton and Naranja, other south Miami-Dade neighborhoods contain Goulds and Leisure Metropolis. The municipalities of Homestead and Florida Metropolis are on Miami-Dade’s southern idea, right before the county provides way to the Florida Keys.
The area also has captivated industrial growth. In a prepare that reached a amount of controversy Miami-Dade had not seasoned considering that 2013, developers Stephen Blumenthal and Jose Hevia a short while ago bought acceptance to develop 5.9 million sq. ft throughout 378 acres outside the house the Urban Enhancement Boundary.
The UDB is intended to restrict development sprawl and safeguard wetlands, farmland, the Everglades and Biscayne Bay. Blumenthal, of Coral Rock Growth, and Hevia, of Aligned Real Estate Holdings, scored approval from county commissioners on Nov. 1 just after five attempts to get the needed selection of votes.
Miami-Dade Mayor Daniella Levine Cava, who has opposed the megaproject that will incorporate workplaces and retail, vetoed the acceptance on Nov. 10. But commissioners overrode the veto five times later.
