MiamiHerald.com
Published: June 3, 2007
Delays, dead projects

(Walter Michot/Miami Herald)

BRICKELL VIEW TERRACE
(CASA GRANDE II)
Nothing built

Developer: East Little Havana Community Development Corp.
City funds drawn: $372,000 (2004).
Location: Southwest 10th Street and First Avenue.
Project Description: 119-unit mixed-use condo.
What happened: Received city funding in 2004, but noth- ing was built. The land is now for sale. As it entertains offers, the CDC is seeking a partnership with a for-profit builder to try to build affordable rentals in a deal that could bring it a profit of about $3 million.


(Charles Trainor Jr./Miami Herald)

PUEBLO DEL SOL
Flipped

Developer: Jubilee Community Development Corp.
City funds drawn: $380,000 (2000).
Location: Northwest 15th Street Road, Allapattah.
Project Description: 44-unit condo.
What happened: Flipped. Jubilee paid $270,000 for the
property in 2000 and sold it to a developer in 2005 for
$1.8 million. After paying off its mortgage on the land, the
agency returned the nearly $500,000 it had spent in pre-development costs to the city.


(Al Diaz/Miami Herald)

RALPH PLAZA
Delayed

Developer: Allapattah Business Development Authority (ABDA).
City funds drawn: $2.15 million (since 1998).
Location: Northwest 17th Avenue and 39th Street.
Project Description: 30-unit condo development.
What happened: Delayed for almost a decade because of funding problems and poor planning. ABDA began to move people into the units this year. While the project stalled, ABDA funneled hundreds of thousands of dollars to its own for-profit construction company.


(Carl Juste/Miami Herald)

LATIN QUARTER
Delayed

Developer: East Little Havana Community Development Corp.
City funds drawn: $5.1 million (since 1998).
Location: 1435 SW Eighth St.
Project Description: 45-unit low-income condo with ground-floor commercial space.
What happened: Delayed. First funded in 1998, the project languished for almost a decade because of funding deficits, shoddy construction and legal problems. Although some units are already occupied, construction continues on the commercial space.


(Charles Trainor Jr./Miami Herald)

MIAMI LTD. II
Demolished

Developer: Aristides Martinez.
City funds drawn: $1.935 million (1987).
Location: Five apartment buildings on Northwest 59th, 60th and 61st streets, mostly between 12th and 13th avenues.
Project Description: Low-income rental rehab.
What happened: Demolished. The buildings were overrun by vermin and open sewage. The city tore them down in the late 1990s. The city also paid $150,000 to a bank to acquire a $3.2 million bank mortgage owed on the same properties. Martinez offered to give the city the empty lots years ago. But the foreclosure suit has languished in the courts since 2002.


(Charles Trainor Jr./Miami Herald)

GOOMBAY PLAZA
Nothing built

Developer: Grovites United to Survive (GUTS).
City funds drawn: $271,000 (1985).
Location: Douglas Road and Grand Avenue, west Coconut Grove.
Project Description: Bahamian-themed entertainment, restaurant and office complex.
What happened: Nothing built, yet the city has never tried to reclaim the funds. GUTS said it is trying to repay the debt because the city last [May] month threatened to withhold thousands of dollars in monthly rent it pays for a Neighborhood Enforcement office on an adjacent corner.

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