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Eastgroup may build on 55 acres of Calder property

Eastgroup may build on 55 acres of Calder property
The developer would put 850,000 square feet of warehouses where stables once stood
October 23, 2016 09:15AM

The race track at Calder Casino and Race Course (Source: Walmart)

The Miami Gardens City Council on Wednesday will consider a rezoning proposal to propel construction of a light industrial park on part of the Calder Casino and Race Course property.
Jackson, Mississippi-based Eastgroup Properties plans to purchase 55 acres of the 231.7-acre Calder property at 21001 Northwest 27 Avenue in Miami Gardens for construction of an 850,000-square-foot light industrial park.
The 55 acres are located on the east side of the Calder property along Florida’s Turnpike, near Hard Rock Stadium.
The South Florida Business Journal also reported that Calder’s owner tore down stables on the east side of the property after moving its thoroughbred races to Gulfstream Park in Hallandale in 2014 to concentrate on its casino operations.
Eastgroup applied to the city of Miami Gardens to build a multi-tenant complex of distribution warehouses and a commerce center. Greenspoon Marder attorney Steven Wherry is representing Eastgroup.
A New York Stock Exchange company traded under stock ticker symbol EGP, Eastgroup owns seven South Florida commercial parks. [South Florida Business Journal] – Mike Seemuth

Source: The Real Deal

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