WATERFORD BUSINESS DISTRICT DRI MODIFICATION OPENS THE DOOR FOR DEVELOPMENT OPPS IN MIAMI
MEDIA CONTACT:
Daniella Aragon-Andre
Levy Public Relations
Nuveen Real Estate, Allianz Real Estate, Blanca Commercial Real Estate, Cushman & Wakefield and Strategic Access Group have jointly announced that WRC Properties, as developer, has appeared before the Miami-Dade County Board of County Commissioners and successfully amended its development entitlements, modifying the previously approved Waterford Business District Development of Regional Impact permitted uses.
Waterford Business District now offers a build-to-suit opportunity in its additional 29 acres of land fully entitled to accommodate up to 1.6 million square feet of additional office space inclusive of parking, 800 units of multi-family (including a minimum of a 10% allocation to workforce units), 30,000 square feet of retail space, 500 restaurant seats, and a 10,000 square foot health club. Additional daycare offerings are also possible.
Waterford Business District is adjacent to Miami International Airport. It is currently home to more than three million square feet of office space, nine hotels, 272 residential units and a new retail center. Leasing is led by Blanca Commercial Real Estate.
