Butters Construction & Development has a Hialeah Gardens property that was platted for homes under contract, as it seeks approval for a business park.
The City Council will consider the small-scale land use plan for the 24.88-acre property at the northeast corner of West Okeechobee Road and Northwest 92nd Avenue on the evening of Nov. 18. Coconut Creek-based Butters has the vacant land under contract from Hialeah-based F68 4 & F69 2 LLC, managed by Lowell S. Dunn II.
The developer wants to change the land use from “moderate single family residential” to “commercial business.” The site plan crafted by Delray Beach-based HNM Architecture shows a 219,255-square-foot warehouse with 247 parking spaces and a 152,208-square-foot warehouse with 149 parking spaces.
Miami-based attorney Melissa Tapanes Llahues represents the developer in the application.
The site has single-family homes on its north and east sides.
Adam Vaisman, a senior managing director at Butters, said this would not be a typical distribution warehouse but a community-focused business park. The tenant mix may include recreational uses, he said. The clear height would be 32 feet.
“We are going to get recreational tenants and community-oriented tenants that have low-impact uses,” Vaisman said. “We are trying to do something that is compatible with the community.”
Meanwhile, the industrial market has cooled off a bit.
The industrial vacancy rate in Miami-Dade County was 6.5% in the third quarter, up from 4.9% a year earlier, according to the third quarter report from Colliers. There was 3.55 million square feet of industrial under construction, down from 4.94 million square feet a year earlier. In the Medley/Hialeah Gardens area, the industrial vacancy rate was 8.2% and 2.75 million square feet was under construction.
“We don’t see as many projects breaking ground,” Vaisman said. “Even though the vacancy rate has gone up, it is still a healthy vacancy rate. It’s not at a point where it’s so high you would not develop anything new.”