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Amazon’s Plan For Massive Warehouse Heats Up Homestead Industrial Market

About two months after Amazon secured approval for what could be its largest distribution warehouse yet in South Florida, commissioners will vote on whether to approve a second e-commerce development on Homestead-Miami Speedway land.

Homestead’s Planning & Zoning Board approved plans Tuesday for a 145,000-square-foot distribution facility west of the motor racing track. Though the tenant has not been disclosed, the developer, Hillwood, has built Amazon warehouses in the past.

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Banyan Capital Buys Doral Office Towers For $43M

A company with ties to Miami-based Banyan Street Capital bought a Doral office complex for $43 million, marking a discount from its last purchase price four years ago.

The real estate investment firm bought the twin office buildings near the intersection of Northwest 36th Street and Northwest 87th Avenue, along with some adjacent properties, according to records. The seven-story towers were built in 1985 and 1990.

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Florida East Coast Industries Breaks Ground On Two Warehouses In Hialeah With $20M Loan

Florida East Coast Industries broke ground on a pair of warehouses in Countyline Corporate Park in Hialeah after obtaining a $20 million construction loan.

Wells Fargo Bank awarded the mortgage to Countyline Building 24 LLC and Countyline Building 25 LLC, both affiliates of Miami-based FECI. The buildings will be constructed at 4071 and 4021 W. 108th St. They will each total 136,795 square feet.

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