Shops at Sunset Place owner seeks taxing district to raise $149M
The long-awaited redevelopment of the Shops at Sunset Place in South Miami is seeking a nine-figure boost for the mixed-use project’s infrastructure. Midtown Development, led by founder Alex Vadia, is requesting Miami-Dade County’s approval to establish a special taxing district that would finance $149 million in infrastructure for its planned 10.2-acre Downtown SoMi mixed-use redevelopment at 5701–5795 Southwest 72nd Street. The developer proposed creating the Downtown SoMi Community Development District, a special-purpose governmental entity that can finance infrastructure and oversee its maintenance within the development. County commissioners are scheduled to consider the proposal during their July 21 meeting. The district […]This article originally appeared on The Real Deal. Click here to read the full story.
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