Miami Officials Back Joint Proposal For $250M Development

Law360, Miami (September 12, 2013, 8:34 PM EDT) -- Two teams competing to develop a pair of sought-after blocks in a distressed Miami neighborhood joined forces under a plan hashed out Thursday to gain city officials' support for the potentially $250 million project.

A resolution approved by the Miami Board of Commissioners, sitting as the Community Redevelopment Agency, calls for Overtown Gateway — a collaboration between developers Don Peebles and Barron Channer — to build on Block 45 and All Aboard Florida — Florida East Coast Industries Inc.'s planned Miami-to-Orlando passenger rail line — to...
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