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Entertainment Venture Making Bid for Troubled Wynwood Warehouse

MIAMI-A subsidiary of Four Starz Holdings expects to sign a contract this week on a vacant warehouse built in 1999 for $11 million on a 12.6-acre site just a few miles north of Downtown as part of its plan to build a film production empire.

By David R. Corder | Updated on March 23, 2001

MIAMI-If they can get past the building’s troubled past, officials at Four Starz Holdings Inc. are confident they can convert a vacant warehouse in a blighted Downtown neighborhood into a $153-million, technologically advanced film production studio.

The Miami Beach-based company expects to sign a contract this week for a so-far undisclosed sum on this fortified warehouse built in 1999 for $11 million on 12.6 acres. The city of Miami deeded the land years ago to the Wynwood Community Economic Development Corp. for the development of a free-trade zone.

“This project could bring a lot of money and industry to South Florida,” Abraham M. Daniels, Four Starz’ president, tells GlobeSt.com. “By coming in here and doing this, we’re about to bring a lot of money to the economy.”

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