Miami Beach commissioners have a meeting scheduled today where they could decide the fate of proposals to redevelop city-owned properties near Lincoln Road.
Three developers submitted proposals for the properties:
- Infinity Collective LLC
- The TPC Proposal (also known as Lincoln Road Holdings LLC), a joint venture between The Peebles Corporation, Baron Corporation and Scott Robins Companies, Inc
- Lincoln Road Property Owners, L.P., a joint venture between Integra Investments, Starwood Capital, and The Comras Company
After review by a city committee, the city manager is recommending moving forward with negotiations with TPC for one surface parking lot, and with Integra for another.
Proposals to redevelop a garage are recommended to be rejected for a few reasons, including the need for the garage during construction of the Grand Hyatt across the street.
Option 3: P27 parking lot (TPC) which is recommended to move forward:
Option 5 – Parking Lots P25 and P26 (Integra) is also recommended to move forward:
Other proposals that are either backups or not recommended at this time: