CLIENT NEWS: Developer of 90-Story Brickell Supertall Pledges $1.5M Towards Transportation
August 27, 2024The developer planning a 90-story Dolce&Gabbana supertall condo hotel has signed an agreement that will provide transit and transportation upgrades in Brickell.
The Dolce&Gabbana tower is currently going through Miami-Dade’s review process under the Rapid Transit zoning plan. Approval of developments in the zone may be conditioned on public benefits.
A Declaration of Restrictions was recorded with the county on August 13, laying out the public benefits contribution.
Here’s a portion of what the new agreement states:
Prior to issuance of the building permit for development of the Property in accordance with the Application, Owner shall provide the County a onetime payment of one million and five hundred thousand dollars ($1,500,000) for a new traffic signal at South Miami Avenue and SW 10 Street, repairs and upgrades to the Tenth Street Metromover Station and vicinity, including mechanical systems, restrooms, painting, signage, accessibility features, streetscape improvements, and/or wayfinding support (“Transit Station Contribution”). The Transit Station Contribution shall be made in addition to any permitting and/or impact fees due to the County in relation to the application or the development of the Property. ln the event, however, that the Director determines in writing that any or all of the Transit Station Contribution would be duplicative of impact fees, the Owner may be entitled to an offset to the Transit Station Contribution commensurate with the value of duplicative impact fees paid.
Michael Stern signed the agreement on behalf of the developing entity.
