Lake Worth Beach City Limits: Miami: Largest parcel of undeveloped land east of I-95 to be developed with two 10-acre swimming lagoons

Friday, June 5, 2015

Miami: Largest parcel of undeveloped land east of I-95 to be developed with two 10-acre swimming lagoons

And it will be called SoLeMia. Appears the message of 'climate change', rising sea levels, and salt intrusion isn't quite resonating with the investor class. Read this real estate news in the Miami Herald. Here's an excerpt:

Three months after purchasing the long-troubled 183-acre North Miami site formerly known as Biscayne Landing, developers are set to break ground Thursday on the residential-retail enclave now called SoLeMia. [emphasis added]
Owners Turnberry Associates, led by siblings Jackie and Jeffrey Soffer, and LeFrak, led by New York developer Rickard LeFrak and son Harrison, said they have started construction on the former Superfund site’s infrastructure, including roads, utilities and ground preparation. The companies plan to begin on the first residential and retail buildings within the next 12 months.
Details released Thursday call for multiple residential and commercial complexes set amid 37 acres of parks and two 10-acre swimming lagoons. Retail will be anchored on a pedestrian main street and include a gourmet grocery, high-end cinema and Warren Henry auto dealership.
The site, off Biscayne Boulevard at Northeast 151st Street in North Miami near Oleta River State Park, is the largest parcel of undeveloped land in Miami-Dade County east of I-95.