Miami Beach

Miami Beach

Deal falls through for Miami Beach transit hub

 

cveiga@MiamiHerald.com

Miami Beach won’t buy land in South Beach for a transit hub after an appraisal came in much lower than what the city had offered.

City Manager Jimmy Morales had signed a letter of intent last month to buy about three-quarters of an acre at 1100 Fifth St. in South Beach. The city offered $26 million for the parcel, contingent on an appraisal, but the appraisal came in at $20 million.

The city amended its purchase price to $20 million, but the owners “just rejected it outright,” Morales said.

“At this point, that deal is dead for now,” he added.

The city had considered buying the land to turn it into a transit hub after talks revived of building a light rail connection across Biscayne Bay between the Miami and Miami Beach.

The land is on a busy corner where the MacArthur Causeway ends at Fifth Street. The land is now leased by a Burger King and Pier 1 Imports, and the city owns parking lots behind those businesses.

Morales said the city isn’t actively looking for alternative transit hub sites.

“We thought since this was on the market, it might be a unique opportunity,” he said.

Follow @Cveiga on Twitter.

Read more Miami Beach stories from the Miami Herald

  •  
A aerial view of South Beach.

    Miami Beach

    Miami Beach voters approve all four charter amendments

    Miami Beach voters chose to close a term-limit loophole and streamline the process for granting variances as they voted to approve all four proposed charter amendments Tuesday.

  •  
Student Guns Rody performed during "Choose your Sound" Benefit Concert for the Guitars over Guns nonprofit organization at the Fillmore Miami Beach at the Jackie Gleason Theater, on Saturday, August 23, 2014.

    Miami-Dade

    Group helps underprivileged kids make music

    More than a hundred people showed support at a benefit concert in Miami Beach on Saturday, promoting music as an alternative to violence in streets.

  • Soapbox

    City Manager: Miami Beach services are first-rate, not Third World

    I read with great interest the letter from Miami Beach resident Monica Barshop in which she complains about high taxes, poor services, and third world quality of life (First World taxes, Third World city, Soapbox, Aug. 21). Admitting my bias due to my position as city manager and this being my hometown, I wish to respectfully point out the following:

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK