MIAMI— A sprawling development's rocky road to Miami city approval came to a favorable end this past Thursday. City commissioners gave New York real estate developer Moishe Mana a green light to move forward with his 25-acre mixed-use project in the city's Wynwood arts district.
According to an article written by GlobeSt.com's sister publication, ALM's Daily Business Review, Mana's development team has worked with the city staff and community members over the past two years to secure approval for a special area plan, a mechanism used for large projects that allows developers to mold zoning within existing regulations.
Because the plan would disrupt the current zoning code, the article says that Mana's team heavily relied on a nod from the Wynwood Business Improvement District, a public group that serves as the neighborhood's development watchdog.
The developer and the district reached a tentative agreement in March, but a contentious debate erupted when the developer tweaked the amount of public benefit funds. The BID withdrew its support after finding the Zika-stricken neighborhood would lose about $7 million to the nearby Overtown neighborhood.
To close the gap, City Commissioner Ken Russell on Thursday suggested the developer fund the burial or relocation of FPL lines within and beyond the project's boundaries.
Click here to read the full article at DailyBusinessReview.com.
MIAMI— A sprawling development's rocky road to Miami city approval came to a favorable end this past Thursday. City commissioners gave
According to an article written by GlobeSt.com's sister publication, ALM's Daily Business Review, Mana's development team has worked with the city staff and community members over the past two years to secure approval for a special area plan, a mechanism used for large projects that allows developers to mold zoning within existing regulations.
Because the plan would disrupt the current zoning code, the article says that Mana's team heavily relied on a nod from the Wynwood Business Improvement District, a public group that serves as the neighborhood's development watchdog.
The developer and the district reached a tentative agreement in March, but a contentious debate erupted when the developer tweaked the amount of public benefit funds. The BID withdrew its support after finding the Zika-stricken neighborhood would lose about $7 million to the nearby Overtown neighborhood.
To close the gap, City Commissioner Ken Russell on Thursday suggested the developer fund the burial or relocation of FPL lines within and beyond the project's boundaries.
Click here to read the full article at DailyBusinessReview.com.
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