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Commission Advances Expanded Urban Development Boundary Near Homestead For Warehouses

Miami-Dade commissioners just sidestepped concerns about Biscayne Bay pollution, flooding and hazy development details to give preliminary approval for expanding the Urban Development Boundary and converting farmland into a 9 million-square-foot industrial park near Homestead.

By a 9-3 vote, commissioners voted to send the expansion application to state agencies for review, a key step for developers in their effort to move the “UDB” for the first time since 2013.
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8.5-Acre Medley Development Site In Booming South Florida Industrial Market Purchased

Hilco Redevelopment Partners (HRP), a unit of Hilco Global, just announced the purchase of an industrial development site located at 11002 Northwest S. River Drive in Medley.

The 8.5-acre property is part of a larger 25-acre Superfund site which has previously undergone corrective action. HRP has current plans to develop the site into a state-of-the-art warehouse/logistics facility to support the growing tenant demand across South Florida.
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Buildings Of Tomorrow: Future Warehouses

Amid this prolonged uncertainty, everyone agrees that the pandemic’s impacts are yet to be fully seen.

Nine months in, the health crisis is about to trigger a global economic crisis, and real estate sectors are reacting differently—some trends, that were already underway, are accentuated, while others are disrupted completely from their original course. One of the winning industries in COVID-19 times is industrial.
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