A “country club for cars” is coming to Miami, the Real Deal reports. Developer Carlos de Narváez got the approval from Miami-Dade County commissioners for his $100-million project embracing 160-acre at 20000 NW 47th Avenue in Miami Gardens.
The luxury car entertainment destination will count with a two-mile track, and amenities as maintenance facilities, private garages, a clubhouse and also facilities for local nonprofits, including a government center for northwestern Miami-Dade.
The development, in a county-owned land, will be phased. Narváez will first lease 140 acres for a 30 years’ term; there is an option to expand. The county contract will cost him at least $33.4 million.
De Narváez agreed to bring improvements to the city of Miami Gardens, in exchange for abdicating the competitive bidding and a lease below market, including in the enhancements is a new bicycle course.
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via Beyond Realty Group
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