Miami Approves Dacra's $312M Retail Haven

Law360, New York (June 28, 2012, 5:00 PM EDT) -- The Miami City Council unanimously voted on Thursday to greenlight South Beach developer Dacra's proposal to build a four-block, $312 million retail haven in Miami's Design District, paving the way for an official ground-breaking as early as this fall.

In a 5-0 vote, the commissioners gave their nods to three ordinances approving zoning changes to nearly 51 land parcels and to the 75-page development agreement that will be inked between the city and Dacra. The ordinances will be officially adopted into the record and put into...
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