Nobodys been guaranteed anything at this point, City Manager Daniel Alfonso said. http://www.pfcdavidlawrence.org/trueisaacgarcia/2016/09/13/basic-advice-on-handy-solutions-of-vocationUnder the agreement proposed months ago by Adler Group affiliate Lancelot Miami River, LLC , the firm would enter into a 90-year ground lease with the city for its two-acre property. The developer, in response to a city solicitation, offered to structure the lease in a way that, through rent and a cut of gross sales, would pay the city a projected $335 million over the length of the agreement, a present day value of about $70 million. Nobodys been guaranteed anything at this point City Manager Daniel Alfonso If the deal is approved, Miamis staffers, who have outgrown the former Florida Power & Light building at 444 SW 2nd Ave., would stay on the site until Adler finishes building the city a new, user-friendly office in 2020. The new office which carries a price larger than the offer on the citys land would be built at one of three likely locations: next to the Lyric Theater in Overtown, next to Marlins Park in Little Havana, or inside the seven-acre Link at Douglas complex that Adler is building at the Douglas Road Metrorail Station. this websiteFor now, there is no preferred site, Alfonso said. Once the move is made, Adler Group, which is already planning to develop a 1.5-acre parcel it owns immediately next to the citys property, would proceed with the second and third phases of an expanded $465 million mixed-use project on the river called Nexus Riverside Central. The larger development would include three 36-story residential towers with 1,350 units, a 150-room hotel and 30,000 square feet of shops and restaurant space. Nexus Riverside Central is designed by Studio X Architects.
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