Search
 

MDM Development Launches $600M Mixed-Use Project

MIAMI-The project will include 1,500 condominium and apartment units, a lifestyle/entertainment center, upscale restaurants and stores, 10,000 sf of office space and ample parking. It is being developed on six acres, currently parking lot space, Downtown.

By Melissa Bogdany | Updated on December 15, 2003

MIAMI-Locally based MDM Development Group has launched Metropolitan Miami, one of the largest mixed-use project in the city’s history, as sales began for the $600 million-plus project’s first phase.

Metropolitan Miami, to be built on six acres in the heart of Downtown, will consist of three luxury high-rise residential towers with a total of 1,500 condominium and apartment units–Met 1, Met 2 and Met 3–a lifestyle/entertainment center called Met Square, 10,000 sf of office space, parking, pedestrian-friendly open piazzas, as well as tree-lined walkways and loggias. The final project could have up to six upscale casual-to-fine dining restaurants and upscale retailers. Metropolitan Miami will have about 220,000 sf total of retail, entertainment and lifestyle center space.

“Metropolitan Miami is not just a real estate development, it is a brand new, completely dynamic urban neighborhood,” Tim Weller, vice president of development for MDM Development Group, says in a statement. MDM, with architects, interior designers and urban planners/landscape architects, will transform the existing parking lots into Metropolitan Miami over the next five years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.