"Ram – Coral Reef Commons Mixed-Use Development – Florida - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Ram Realty Services (Ram) is planning to build a mixed-use complex in Miami-Dade County, Florida, the US.
The project involves the construction of a mixed-use complex comprising 900 residential units and 27,871m2 of retail facilities including a Walmart Super Center on 35.6ha of land. It will be developed in three phases.
The first phase, Coral Reef, includes the construction of 408 garden-style apartments, a 929m2 clubhouse and 23,226m2 of retail facilities, the second phase includes 192 apartments and 4,645m2 retail facilities and the third phase includes 300 apartments.
Redland Company, Inc. and Kaufman Lynn Construction have been appointed as developers for the project.
The first phase worth US$125 million will be financed by Wells Fargo Bank.
In June 2014, Ram acquired the project site from the University of Miami for US$22 million.
In September 2014, the project has been placed on hold due to environmental issues.
In May 2015, Ram has filed a Habitat Conservation Plan (HCP) with US Fish & Wildlife Service (USFWS) for the project development.
In August 2015, RAM expressed concerns and enhanced the plan from an environmental standpoint.
Planning activities are underway.
Stakeholder Information: Planning Authority: City of Miami Planning Department Developers: Redland Company, Inc. and Kaufman Lynn Construction Advisor: US Fish & Wildlife Service
The project involves the construction of a mixed-use complex on 35.6ha of land in Miami, Florida, the US.
The US$250 million project includes the following: