Opa-locka, long bypassed by the boom, advances massive mixed-use project
Opa-locka, a city that’s remained largely overlooked by developers, is getting closer to a half-billion-dollar redevelopment with 1,500 apartments, retail and a hotel in downtown. The city’s community redevelopment agency approved negotiations with a group of developers for a ground lease for nearly 1.5 city-owned acres spanning less than two blocks, the South Florida Business Journal reported. The CRA voted last week, though a final lease requires additional approvals. DBJ&L International — led by Alben Duffie,Ted Lucas, Jasper Johnson, Isaac Brown and Markendy Fils-Aime — and Los Angeles-based affordable housing developer MRK Partners, led by Sydne Garchik, want to lease […]This article originally appeared on The Real Deal. Click here to read the full story.
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