Rendering of the venture with Berkowitz Progress President Michael Berkowitz (Edward Silva architect)
Berkowitz Enhancement Team ideas a self-storage and distribution middle in Homestead, marking the firm’s debut in industrial true estate in the metropolis.
The Coconut Grove-based mostly firm needs to develop a almost 400,000-sq.-foot speculative job on land west of the Homestead-Miami Speedway, Michael Berkowitz, company president, explained to The Authentic Offer.
Berkowitz Development compensated $6.7 million for the 19 acres in between Southwest 152nd Avenue and Park of Commerce Boulevard, south of Southwest 328th Road, according to information and serious estate information company Vizzda. The vendor is an entity led by Clifford Lincoln.
“We have been wanting in this industry for years,” Berkowitz explained. “There has been a great quantity of new residential density crafted, and we truly feel there is robust desire for new industrial room.”
Preliminary designs get in touch with for up to 5 properties, but Berkowitz Development will make the job in chunks. The initially phase is a three-tale self-storage facility spanning 110,000 square feet, Berkowitz mentioned. This will be adopted by warehouses targeting very last-mile supply products and services and logistics. Edward Silva is the architect.
A website prepare software is pending in front of the town. If Homestead officers approve the job, completion of the 1st phase is envisioned subsequent yr, Berkowitz mentioned.
Berkowitz Progress was started in 1985 by Jeff Berkowitz, who is the company’s chairman, however his son Michael is having the direct on the Homestead project.
The agency has been a prolific developer in Miami-Dade County, largely targeted on retail serious estate. Its marquee projects consist of the Miami Beach browsing centre at Alton Road and Fifth Avenue that’s house to Publix, Finest Invest in, TJ Maxx and other retailers the Dadeland Station Purchasing Heart concerning Dadeland Shopping mall and a Metrorail station and the Kendallgate Buying Heart on the southwest corner of the turnpike and Southwest 88th Avenue, according to the firm’s web-site.
It just lately repositioned the 200,000-sq.-foot Kendallgate, securing a number of new tenants for about 20,000 sq. feet, Berkowitz explained. New merchants include things like shoe retailer DSW and arts and crafts retailer Michaels.
In 2013, the organization created a splash with the announcement of a prepared downtown Miami supertall, dubbed SkyRise Miami, overlooking Biscayne Bay. But Berkowitz Advancement scrapped the 1,000-foot tall challenge in 2021, immediately after failing to safe funding amid the pandemic.
Homestead and encompassing south Miami-Dade regions have extended been bedroom communities that have attracted citizens priced out of key Miami markets these types of as Brickell.
But more recently, the region has professional an inflow of business builders, lured by the healthful provide of developable land at more attainable costs than neighborhoods farther north.
The most important industrial task planned for south Miami-Dade is the 5.9 million-sq.-foot South Dade Logistics and Technological know-how District, which has established controversial as it would increase exterior the Urban Advancement Boundary.
In November, a the vast majority of county commissioners sided with builders Stephen Blumenthal, of Coral Rock Enhancement, and Jose Hevia, of Aligned Actual Estate Holdings, by overriding Mayor Daniella Levine Cava’s task veto.
Opponents took their combat against South Dade Logistics to the state, asking for a evaluation of commissioners’ approval and for a choose to ultimately nix the job.
