Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-It has been about 22 years in the making, but Miami-Dade County appears close to authorizing a $255 million contact to build a Performing Arts Center on five acres Downtown.

Administrative staff is urging the Miami-Dade County Commission to quickly approve a contract with a consortium of commercial builders led by Coral Gables, FL-based Odebrecht Construction Inc. in partnership with Jacksonville, FL-based Haskell Co. and London, Ontario, Canada-based Ellis Don Construction Inc.

Following competitive bidding last year, the commission authorized County Manager Steve Shiver to initiate negotiations with the consortium that is operating as Performing Arts Center Builders.

County commissioners were scheduled to review Shiver’s recommendations at the regularly scheduled Sept. 11 meeting, but deferred a final decision of the matter to Sept. 25.

Last fall, the county received two initial guaranteed maximum price proposals on the project–a $332 million bid from Dallas-based Turner Construction Co. and a $280 million bid from the builders’ consortium.

Following negotiations with both bidders, Shiver and his staff recommended an estimated budget cap of $255 million.

In December, the commission approved an increase of $68 million to $255 million in the Performing Arts Center budget, as well as an $18 million increase in the budget for project contingencies.

Late last month, the builders’ consortium submitted a $255 contract, relying on a variety of cost-reduction methods including value engineering, building savings options, a fee reduction, savings in the buyout of construction subcontracts and other amended terms.

In a memorandum to the commission, Shiver is expressing a sense of urgency about the need to authorize a final guaranteed contract with the builders’ consortium.

“First, over these past two years, construction industry activities in South Florida have not softened,” Shiver argues. “Costs are increasing, and the market continues to tighten. That coupled with the fact that the project has undergone several phases of bidding has only served to drastically erode subcontractor interest in the project.”

If the commission approves the contract, Shiver says, construction could begin as early as Oct. 1 on the two parcels separated by Biscayne Boulevard at Northeast 13th Street.

“The prospect of the PAC’s development has also already created renewed interest in economic development activities in the area surrounding it,” Shiver writes in the memo.

“The PAC is the key element of an urban revitalization strategy being developed for our downtown and its surrounding neighborhoods.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.