Miami is well-known around the world for its luxurious condominiums, towering skyscrapers, and burgeoning real estate market. New commercial and residential developments are springing up every year, turning the city into a world-class metropolis.
Among these high-profile projects are equally vital efforts to make Miami a more livable place for its growing number of residents. A recent agreement between Miami-Dade County and the reputable YMCA may add more to the city’s already award-winning green spaces. The Real Deal, a website covering South Florida real estate news, has more:
By April, county commissioners could give space at seven parks across Miami-Dade to the non-profit organization to build the centers, which would cost $10 million each to develop, the Herald said. The partnership would utilize both the YMCA’s expertise in building recreational and fitness centers and the county’s undeveloped land, the paper said.
But transfers of public land for private use are never without controversy.
The proposal would have moved ahead in January, but commissioners scrubbed it from the agenda after an eruption over a similar situation, where a Nigerian-American Museum was provided land by the county to build a facility that would serve the public. Commissioners have traded words over whether the agreements set up by the county should allow the prospective users to rent or own the land.
Still, it looks as though the YMCA agreement will move ahead. Commissioners point to successful partnerships with the YMCA, like the one proposed in Miami-Dade, across the nation.
“They do this all over the country,” Jack Kardys, who directs the county’s parks and recreation department, told the Herald. “This is the best way to stretch the money we have.”
Developments like this are a testament to the benefits offered by Miami’s real estate market. From multinationals to nonprofits, there are many opportunities to be gained in expanding into the city. To learn more about Miami Commercial Real Estate, contact the most trusted source, Office in Miami, at 305-571-9991.