Generally it is a good, accurate article about Biscayne Landing. The Art of Illusion.
A few small errors, such as the bid process. There were at least 3 or 4 developers that bid on the project, not just Swerdlow, the City of North Miami was seeking developers and Swerdlow's group responded to the RFP. I sat next to Otis Pitts during the presentations by the various bidders.
Second, there is a clean-up required of the ammonia plume that hasn't started because the developer is trying to lower the County's Department of Environmental Resource Management's Ammonia level requirement. The developers do not want to do the surface cleanup that DERM is demanding and haven't been able to get the Ammonia levels low enough doing it underground. Other agencies signed off years ago, leaving it to DERM, based on the cleanup that DERM proposed to oversee/get done before people moved onto the site. Nothing has been done to clean-up the plume. And, if you read the article, you will find: People are living on the site.
3 comments:
The hearing about the ammonia is in September before the Environmental Quality Control Board for information call 305 372-6754. The developer is seeking a variance to Secition 24-42 of the code of Miami Dade Count. They want to EXCEED the ammonia standards to groundwater.
I know a few investors who bought at Biscayne Landing. I really don't know how they will get their money back, since it seems that it will be soon transformed in an "affordable" rental for FIU next to it.
This is great for the students because the units are really great and upscale. The kitchens are really beautiful.
However, it stirs concerns about the future of the real estate market in Miami.
Best regards.
FD - Real Estate, Pre-construction, Condominiums and Condo-hotels in Miami
Real Estate in Miami Florida USA (Blog)
Biscayne Landing is in it's infancy stages at this time, still. The Oaks are complete and somewhat becoming occupied. The location is great! The apartments are huge and luxurious. As far as real estate investments are concerned~ Biscayne Landing is a winner! Things may be a bit difficult now, but when and they will get better- Biscayne Landing is poised to be at the very top.
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