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Biscayne Development Partners Plans Retail, High-Rise Project

MIAMI-The entity is planning to put up to 1 million sf of retail space and thousands of residential units on the 56-acre Buena Vista rail yards tract of land it just purchased for $34.5 million from Florida East Coast Railway LLC.

By Melissa Bogdany | Updated on December 09, 2002

MIAMI-In a deal closed Dec. 5, Biscayne Development Partners LLC purchased the 56-acre Buena Vista rail yards here. The firm plans to develop up to 1 million sf of retail space and thousands of high-rise residential units.

Biscayne Development Partners bought the land from Florida East Coast Railway LLC, a subsidiary of publicly-traded Florida East Coast Industries Inc., for $34.5 million.

The property is located between Northeast 29th St. and 36th St. in the city’s historic Florida East Coast Corridor, which goes along the Florida East Coast rail line south of the city’s Design District and north of its Performing Arts Center.

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