
Terra Entering Partnership with Developer of Block 55 in Overtown
03 13, 2020
Developer Terra could soon enter Block 55 in partnership with Michael Swerdlow. On March 16th, Southeast Overtown/Park West Community Redevelopment Agency will vote on altering the deal with Swerdlow to enable Terra an ownership stake. Swerdlow will keep at least 63% of the project, with the remainder to be held by Terra, the agreement states. The CRA owns the land, and developers have until March 31st to complete the purchase of the property at the latest. Block 55 was accepted by Miami’s Urban Development Review Board in a meeting last month. Target will be anchored on its ground floor anchor,…
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