capital projects utk

University of Tennessee board approves $2B capital project, upgrade plan

The University of Tennessee (UT) Board of Trustees this week approved more than $1.9 billion of funding for an approximately $2.1 billion, five-year capital plan that includes construction, maintenance and demolition projects at the school's multiple campuses.

For the 15 new capital projects, institutions in the UT system – i.e., UT Knoxville (UTK), UT Health Science Center (UTHSC), UT Chattanooga (UTC) and UT Institute of Agriculture (UTIA) – will provide a total of $217.3 million in matching funds, according to UT board documents.

The largest new construction project in the Fiscal Year (FY) 2024-2025 through FY 2028-2029 plan is a $350 million College of Medicine building on the UTHSC Memphis campus. Project funding is scheduled for FY 2028-2029, and work includes the demolition of two existing buildings.

At the UTK campus, the school will build the almost $231.6 million Interdisciplinary Health, Research and Clinic building.

Work for the new structure, scheduled to receive funding in FY 2027-2028, includes demolition of the existing 1920s-era Jessie Harris Building, which has undergone multiple renovations over the years.

A new $199 million chemistry building, also at the Knoxville campus, is scheduled to receive its state funding in FY 2024-2025 and will be built on the site of the Panhellenic Building, which first opened in 1964.

The new chemistry building, according to the Knoxville News Sentinel , will total 163,000 square feet and will be able to accommodate 500 students. A construction timeline has not yet been set.

Other planned UT construction projects and their expected funding periods include:

• $271.8 million – Interdisciplinary Research Building - Dabney Hall (UTK; FY 2028-2029)
• $188.6 million – Interdisciplinary Academic Building – Humanities (UTK; FY 2026-2027)
• $120 million – Research Lab Facility (UTC; FY 2027-2028)
• $96.4 million – Fletcher Hall Addition and Renovation (UTC; FY 2024-2025)

The capital plan also allocates almost $364 million for maintenance projects during the next five years. The 41 projects planned for the next two fiscal years total $174.2 million and include:

• $9.6 million for interior and exterior upgrades, including asbestos removal and roofing, at UTC's Cadek Hall;
• $9 million for Morgan Hall HVAC replacement at UTIA in Knoxville;
• $8.2 million for repair and maintenance of the façade and roofing systems at UTC's Fine Arts;
• $6.3 million for repairs and renovations at UTIA's animal facilities unit; and
• $6.2 million for upgrades and layout changes at UTHSC's police building.

Founder of collapsed hedge fund Archegos Capital is convicted in securities fraud scheme

The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors say cost global investment banks billions of dollars

NEW YORK -- The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities and market manipulation fraud in a scheme that prosecutors said cost global investment banks billions of dollars.

Bill Hwang looked straight ahead as the verdict was read, taking several sips of water as the jury found him guilty of 10 criminal counts. He was acquitted of one charge of market manipulation but was convicted of six others.

Federal prosecutors in New York said Hwang and his co-conspirators artificially inflated the values of nearly a dozen stocks before the investments collapsed, wiping out $100 billion in market value along with the company he created.

Hwang's lawyer had argued that his client was an honest investor who put money into stocks he believed in.

Prosecutors said Hwang lied to banks to get billions of dollars to grow his investment firm, which was based in New York. Its portfolio grew from $10 billion to $160 billion.

Assistant U.S. Attorney Alexandra Rothman told jurors at the start of the case that Hwang, who was a billionaire, “wanted to be a legend on Wall Street” and engaged in a scheme involving trades of stock derivatives to secretly build extraordinarily large positions in just a few companies.

Hwang’s attorney, Barry Berke, said in his opening statement that his client “didn’t live the life of a billionaire” and didn't make any misrepresentations to any banks about his business.

In a closing argument earlier this week, Berke told the jury that his client was innocent, saying, “Mr. Hwang bet big on stocks he believed in. That is not a crime.”

The indictment said the investment public did not know Archegos had come to dominate the trading and stock ownership of multiple companies because it used securities that had no public disclosure requirement. At one point Hwang and his firm secretly controlled over 50 percent of the shares of ViacomCBS, prosecutors said.

The risky maneuvers, however, made the firm’s portfolio vulnerable to price fluctuations in a handful of stocks.

Margin calls in late March 2021 wiped out more than $100 billion in market value in just days, the indictment said.

Nearly a dozen companies as well as banks and prime brokers duped by Archegos lost billions as a result, according to the indictment.

The jury also convicted the company’s former financial officer, Patrick Halligan.

Trending Reader Picks

WH doctor explains Parkinson's doctor's visits

• Jul 8, 10:51 PM

Sailor attempted to access Biden's medical record

• Jul 9, 1:40 PM

Trump trying to distance himself from Project 2025

• Jul 9, 8:13 AM

Armed teen shot outside SCOTUS justice's home

• Jul 9, 5:09 PM

Would Harris be a stronger candidate than Biden?

• Jul 4, 11:58 AM

ABC News Live

24/7 coverage of breaking news and live events

• Election 2024
• Entertainment
• Photography
• AP Buyline Personal Finance
• AP Buyline Shopping
• Press Releases
• Israel-Hamas War
• Russia-Ukraine War
• Global elections
• Asia Pacific
• Latin America
• Middle East
• Election Results
• Delegate Tracker
• AP & Elections
• Auto Racing
• 2024 Paris Olympic Games
• Movie reviews
• Book reviews
• Financial Markets
• Business Highlights
• Financial wellness
• Artificial Intelligence
• Social Media

Tokyo Gov. Koike wins a third four-year term as head of Japan’s influential capital

Yuriko Koike declared victory Sunday as exit polls projected her winning a third four-year term as head of Japan’s influential capital. The vote was also seen as a test for Prime Minister Fumio Kishida’s governing party, which supports Koike, the first woman to lead the Tokyo city government. (AP Video by Ayaka McGill)

Incumbent Tokyo Gov. Yuriko Koike celebrates after she was elected for Tokyo’s gubernatorial election in Tokyo, Sunday, July 7, 2024. (AP Photo/Hiro Komae)

• Copy Link copied

Incumbent Tokyo Gov. Yuriko Koike is handed a bouquet of flowers after she was elected for Tokyo’s gubernatorial election in Tokyo, Sunday, July 7, 2024. (AP Photo/Hiro Komae)

Incumbent Tokyo Gov. Yuriko Koike delivers speech after she was elected for Tokyo’s gubernatorial election in Tokyo, Sunday, July 7, 2024. (AP Photo/Hiro Komae)

Candidate for Tokyo’s gubernatorial election, Renho, leaves the venue of press conference after the election in Tokyo, Japan, Sunday, July 7, 2024. A record 55 candidates challenged incumbent Yuriko Koike, and one of the top contenders was also a woman — a liberal-leaning former lawmaker who uses only her first name, Renho, and was backed by opposition parties.(Kyodo News via AP)

Candidate for Tokyo’s gubernatorial election, Renho, speaks to the media after the election in Tokyo, Japan, Sunday, July 7, 2024. A record 55 candidates challenged incumbent Yuriko Koike, and one of the top contenders was also a woman — a liberal-leaning former lawmaker who uses only her first name, Renho, and was backed by opposition parties.(Kyodo News via AP)

A woman casts her vote at a polling place for Tokyo’s governor election in Tokyo, Sunday, July 7, 2024. Voters in Tokyo are casting ballots Sunday to decide whether to reelect conservative Yuriko Koike as governor of Japan’s influential capital for a third four-year term. (AP Photo/Hiro Komae)

People prepare to cast their vote at a polling place for Tokyo’s governor election in Tokyo, Sunday, July 7, 2024. Voters in Tokyo are casting ballots Sunday to decide whether to reelect conservative Yuriko Koike as governor of Japan’s influential capital for a third four-year term. (AP Photo/Hiro Komae)

A woman bikes past an election campaign board installed for posters of Tokyo governor candidates in Tokyo, Sunday, July 7, 2024. Voters in Tokyo are casting ballots Sunday to decide whether to reelect conservative Yuriko Koike as governor of Japan’s influential capital for a third four-year term. (AP Photo/Hiro Komae)

Voters fill out their paper ballots at a polling station in Tokyo Sunday, July 7, 2024. Voters in Tokyo are casting their ballots Sunday in gubernatorial election. (Kyodo News via AP)

People prepare to cast their votes at a polling place for Tokyo’s governor election in Tokyo, Sunday, July 7, 2024. Voters in Tokyo are casting ballots Sunday to decide whether to reelect conservative Yuriko Koike as governor of Japan’s influential capital for a third four-year term. (AP Photo/Hiro Komae)

TOKYO (AP) — Tokyo Gov. Yuriko Koike easily won a third four-year term as head of Japan’s influential capital in a closely watched vote Sunday, the city’s residents apparently happy with her governance that included providing childcare subsidies and holding the Olympics during the coronavirus pandemic.

The vote was also seen as a test for Prime Minister Fumio Kishida’s governing party, which supports Koike , the first woman to lead the Tokyo city government.

Tokyo, a city of 13.5 million people with outsized political and cultural power and a budget equaling some nations, is one of Japan’s most influential political posts. A record 55 candidates challenged Koike, and one of the top contenders was also a woman — a liberal-leaning former lawmaker who uses only her first name, Renho, and was backed by opposition parties.

Minutes after exit polls projecting her victory, Koike showed up at her campaign headquarters in Tokyo and celebrated by thanking the voters who chose her.

“I believe the voters gave me a mandate for my accomplishment in the past eight years,” Koike said. She pledged to push for more reforms and support for Tokyo residents.

“I’m fully aware of my heavy responsibility,” she said. “I will tackle my third term with all my body and soul.”

Over 50 countries go to the polls in 2024

• The year will test even the most robust democracies. Read more on what’s to come here .
• Take a look at the 25 places where a change in leadership could resonate around the world.
• Keep track of the latest AP elections coverage from around the world here.

A win by Koike is a relief for Kishida’s conservative governing party, which she has long been affiliated with. Kishida’s Liberal Democratic Party and its junior coalition partner, Komeito, unofficially backed her campaign.

But in separate supplementary elections for Tokyo’s metropolitan assembly that were eclipsed by the governor’s vote, LDP lost in six of the eight districts where it fielded its own candidates, underscoring still harsh public response to the party’s corruption scandal.

Renho, running as an independent but supported by the main opposition Constitutional Democratic Party of Japan and the Japanese Communist Party, criticized Koike’s ties with Kishida’s party, which has been hit by a widespread slush fund scandal. A victory for Renho would have been a major setback for Kishida’s chances in the party’s leadership vote in September.

LDP acting secretary general Tomomi Inada, in an interview with NHK television, welcomed Koike’s victory as a “positive development” for the governing party, but stressed the need for the LDP to firmly push its own reforms.

While the two high-profile women gathered national attention, Shinji Ishimaru, a former mayor of Akitakata town in Hiroshima prefecture, was seen to have gained popularity among young voters.

The main issues in the campaign included measures to improve the economy, disaster resilience for Tokyo and low birth numbers. When Japan’s national fertility rate fell to a record low 1.2 babies per woman last year, Tokyo’s 0.99 rate was the lowest for the country.

Koike’s policies focused on providing subsidies for married parents expecting babies and those raising children. Renho called for increased support for young people to address their concerns about jobs and financial stability, arguing that would help improve prospects for marrying and having families.

Another focus of attention was a controversial redevelopment of Tokyo’s beloved park area, Jingu Gaien, which Koike approved but later faced criticism over its lack of transparency and suspected environmental impact.

The final vote count by the election administration commission showed Koike got more than 2.9 million votes, way ahead of Ishimaru in second with 1.66 million and Renho in third with 1.28 million.

Koike , a stylish and media savvy former TV newscaster, was first elected to parliament in 1992 at age 40. She served in a number of key Cabinet posts, including environment and defense ministers, as part of the long-reining Liberal Democratic Party.

Renho, known for voicing sharp questions in parliament, was born to a Japanese mother and Taiwanese father and doesn’t use her family name. A former model and newscaster, she was elected to parliament in 2004 and served as administrative reform minister in the government led by the now-defunct Democratic Party of Japan.

China issues tougher draft investment rules for solar PV manufacturing

• Medium Text

Sign up here.

Reporting by Colleen Howe and Siyi Liu; editing by Jacqueline Wong, Christian Schmollinger and Louise Heavens

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Sustainability Chevron

Workers at Shell's Scotford facility in Canada strike new wage deal

Canada's Unifor union on Wednesday said its members at Shell's Scotford refinery in Alberta, Canada, have ratified a new four-year agreement that includes a 16% wage increase.

• Oconto County Reporter
• Investigations
• National Politics

Green Bay School District proposes $183 million referendum for November ballot

GREEN BAY - The Green Bay School District is proposing voters decide a $183 million capital referendum in November.

Most of that money would go toward adding spaces and remodeling schools to accommodate for new student numbers after boundary changes and school consolidations. The district presented the total amount of the referendum to the Green Bay School Board during its meeting Monday night.

The board is expected to vote on the final projects to be included in the referendum later this month. The measure would go to voters on the Nov. 5 ballot.

Here's what to know about the referendum and how you can provide feedback on the included projects.

What would the referendum money go toward?

Under the proposed referendum, $33 million would go toward addressing safety and security concerns, while $150 million would address school consolidations .

A majority of the money in the referendum would go toward remodeling some of the district's schools to accommodate newly consolidated students after the Green Bay School Board voted to close six elementary schools .

Those additions and deferred maintenance would take place be at Beaumont Elementary, Chappell Elementary, Doty Elementary, Lincoln Elementary and Red Smith schools. The expansion and additions would include classrooms, improved student dropoff and pickup spaces, and gym and breakout area remodels.

If the referendum passes, it would also create a new west-side elementary school at the site of Kennedy, 1754 Ninth St., for 600 students from Kennedy, Keller and MacArthur.

A part of the referendum would address more secure entrances at schools and include bathroom renovations at Edison, Franklin, Lombardi, Washington, Red Smith, East, Preble, Southwest and West schools. The bathroom renovations would also make sure the bathrooms are ADA-compliant. The N.E.W. School of Innovation at Northeast Wisconsin Technical College would be renovated under the referendum.

What effect would the referendum have on Green Bay property taxes?

The rate at which the district will tax property owners should not go up, the district said.

The goal is to maintain the current tax rate of $8.26 per $1,000 valuation of property, said Interim Superintendent Vicki Bayer.

"The costs of the new debt would be offset by the drop in the district's existing debt," Bayer explained.

What's next for the proposed referendum?

The district plans to hold three community feedback sessions this week to get input on the projects proposed for the referendum.

The School Board is scheduled to vote July 22 on the final project list and question for the November ballot.

How can I share my thoughts on the referendum?

People can join three community sessions by the district this week. District leaders will provide a list of projects that will be part of the referendum and will have time for roundtable discussions about the project list.

• Tuesday, July 9 : 12:15 and 6 p.m. at the Neville Public Museum, 210 Museum Place, Green Bay.
• Thursday, July 11: 6 p.m. at MacArthur Elementary School, 1331 Hobart Drive. A tour of MacArthur will begin at 5:30 p.m.

More: Green Bay School Board votes to close Langlade, Elmore and MacArthur Elementary schools

Contact Benita Mathew at [email protected].

Labour Victory: The Implications And Opportunities For Private Capital Investment In Infrastructure In The UK

Contributor.

So, the results are in, but what lies ahead for private capital investment in UK infrastructure following the Labour Party's victory in the UK general election? Here we share our initial thoughts on how the change in government might impact private capital investment in infrastructure.

Will the election have any impact on the fundamentals in this sector with regards to private capital investment?

The UK election is unlikely to change the fundamentals with respect to the levels of capital required to modernize core infrastructure assets across transport, power, utilities and the industrially innovative sectors in the UK.

This underlying need plus an increasingly sophisticated consumer demand for new infrastructure technologies in key sectors (e.g., clean and green fuels) will mean that there will very likely be a continuing material interest in private capital investment in the asset class for the long term no matter who is in power.

What do we know about Labour's policies?

One of the key features of the election campaign was Labour's continued message of 'time for change'. Whilst this is an understandable political slogan, details about how that change would impact on infrastructure development and investment in the UK remains a little rough round the edges.

There is the headline objective of Great British Energy (a nationally-owned clean energy company which has echoes of the UK's green investment bank, which was set up by the UK Government in 2012 and which was then sold to Macquarie in 2017) which, as per the Labour manifesto, will be capitalized with £8.3 billion over the course of the new parliament. The stated aim of Great British Energy is to co-invest in leading technologies and support capital intensive projects.

The manifesto also highlights the need for planning reform across the UK in order to encourage development in:

• Onshore wind (in particular ending the existing nominal "ban on development");
• Traditional infrastructure areas such as transport;
• 5G and gigabit broadband rollout; and
• Updating the UK's electricity grid.

Finally, these stated goals sit adjacent to the proposal for a National Infrastructure and Service Transformation Authority and a new ten-year infrastructure strategy which is aimed at aligning infrastructure investment with industrial and regional development priorities.

The details about which key target projects and underlying new technologies will benefit from additional focus and support will undoubtedly take time to develop once the strategies, authorities and institutions have taken form. It will be interesting to see whether new and novel technologies which, on paper, have the capacity for rapid economic growth (such as new energy storage technologies) will receive the governmental support required for success or if they are shunned in favour of more traditional policies (e.g., rail infrastructure).

Also interesting is that there is a clearly a key focus in having a national governmental led view of developments for strategic infrastructure rather the devolving decisions to local authorities.

Welcome planning reform to accelerate data centre developments

In their manifesto, Labour pledged to reform the planning regime and slash red tape to make major projects faster and cheaper in a number of key areas. A welcome focus is on removing planning barriers to the development of new data centres.

The UK's existing planning frameworks are silent on the data centre sector, meaning the planning process can be arduously slow and lacking in clarity. Such level of uncertainty and delay is, of course, diametrically opposed to the need for infrastructure investors to move quickly when deploying capital in this highly competitive market and the race for scale to support the UK's AI and tech ambitions.

The Labour Party has also promised to increase resource and update national planning policy to make it easier to build digital infrastructure and gigafactories throughout the UK. We expect these commitments will also reduce planning uncertainty and generate further investment in these trending sectors.

How much money is there to spend?

The new Chancellor, Rachel Reeves, made it clear during the campaign that spending discipline is likely to be a feature of the new administration.

Given that classical infrastructure projects are capital intensive it may be the case that the success or failure of the new Government in terms of investment in the sector will be linked to encouraging private co-investment to contribute to the costs of these new projects.

We can only wait for the fully formed details to emerge with respect to the new industrial and infrastructure strategies. It is, however, clear that the new government is, on paper, committing the time and intellectual capital to the infrastructure sector generally and that we should expect additional details to be forthcoming.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Energy and Natural Resources

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Planning with Purpose. Building for a Brighter World.

Tufts students, faculty, and staff are developing innovative solutions for the most complex global challenges of our time. The Capital Projects team, in collaboration with partners across the university, supports teaching, scholarship, research, clinical practice, and well-being through thoughtful design and construction. Each new and renewed facility centers on key university priorities: innovation and collaboration; community; accessibility; and sustainability.

Featured Projects

Situated on The Green just steps from Tisch Library, the renovated Eaton Hall is home to several academic departments and centers. It houses interdisciplinary classrooms, collaboration space, and research labs and provides a centrally located gathering space.

Joyce Cummings Center (JCC)

Located on College Avenue next to the Medford/Tufts MBTA Green Line station, the multidisciplinary Joyce Cummings Center houses a diverse number of academic departments. The Center is a hub for academic collaboration, innovation, and research offering state-of-the-art meeting and learning spaces.

Vet Simulation Lab

The Joseph Kelley, DVM Simulation Laboratory is a 3,000-square-foot simulation lab in the Small Animal Hospital on the Grafton campus. It is designed to assist veterinary students in developing hands-on skills and build confidence in their clinical abilities. It houses examination and surgery space, a dedicated ultrasound room, and a renovated orthopedic lab.

Updates and News

Campus Projects: The New, the Improved, and the Big Reveals to Come

Spaces Transformed: 12 Years of Changes to Tufts' Campuses

Undergrad Housing Grows on Campus

Tufts Earns Gold Rating in Sustainability

Teamwork Promotes Going Green in Research Labs

• Environment
• National Politics
• Transportation
• Coronavirus

Gateway rail tunnel reaches 'point of no return' with $6.9 billion check

3-minute read.

NEW YORK — With a $6.88 billion check from the federal government in hand, the point of no return has finally come for the first phase of the Gateway project.

That’s the phrase Kris Kolluri used for the $16 billion program to build a new two-track rail tunnel under the Hudson River and rehabilitate an existing century-old tunnel badly damaged by Superstorm Sandy — where equipment failures often wreak havoc for NJ Transit and Amtrak riders.

“History will remember those who led the effort to get us to a point of no return and those who build this project,” said Kolluri, the CEO of the Gateway Development Commission, the bistate agency that in two years has worked to unite myriad agencies and leaders at all levels of government.

Story continues after gallery

That effort has led to early construction work beginning in the last year on both sides of the river, additional federal funding , and building a new organization with expertise and a structure to ensure oversight accountability for the largest rail project in the country.

Federal, state and local transportation officials came together on a blistering, humid Monday morning to celebrate the occasion of awarding the largest federal grant in U.S. Department of Transportation history for what many have dubbed the most urgent infrastructure project in the country.

“There were so many steps and so many actions that needed to be taken in order to be at this junction today,” said Veronica Vanterpool, acting administrator of the Federal Transit Administration. “This is a transformational generational project. The Biden-Harris administration is making an incredible investment.”

Getting to this point has been a challenge. An earlier version of this project — known as ARC — was cancelled by former New Jersey Gov. Chris Christie in 2010 . The current Gateway version stalled under the Trump administration . More recently, New York and New Jersey agreed to pay equal shares of the local costs.

Many credited President Joe Biden and his administration’s support for accelerating the project and providing significant aid through the Infrastructure and Investment Jobs Act that he signed in 2021.

In addition to the $6.88 billion grant through the Federal Transit Administration’s Capital Investment Grant program, the program has received $4.8 billion from three other sources, including Amtrak and other grant programs — ∌making the federal share of the project around 70%, greatly reducing what will be owed by local taxpayers in New York and New Jersey.

“If there’s any reason we’re here today it’s because when President Joe Biden was elected he said this is the number one infrastructure project in the United States of America,” said Sen. Cory Booker, D-NJ. “Today is a day of making investments, the biggest investment of taxpayers in transportation funding ever. This is a day that we come back to being who we say we are — a nation that invests in itself so it can grow our nation, grow our economy.”

While construction has already begun and additional bids are expected to be awarded later this year , the new tunnel is are not expected to be completed until 2035 , and the renovation of the older tunnel won't be finished until 2038.

That day cannot come soon enough for the tens of thousands who traverse the Northeast Corridor every day. Those rail riders are increasingly impacted by decades of underinvestment as aging or faulty equipment has caused major disruptions to Amtrak and NJ Transit trains trying to get into and out of New York Penn Station.

Gov. Phil Murphy of New Jersey pleaded for patience as he reminded the crowd of the real-life impact this project will have.

“This is a game-changer for the mom and dad who want to get home, have dinner with their kids or help them out with their math homework,” Murphy said. “We need to think of this not just in the wow, big number reality, what it can do for this region for both of our great states, but also the lives that will be transformed — and it won’t be overnight. It will take time.”

Developer proposes 2,200-unit multi-tower project in North Miami 

Redwood-Winston JV plans 18-story buildings on city-owned land

From left: David Burstyn and Brian Sidman along with a rendering of the planned 2,200-unit multi-tower project in North Miami (Getty, Redwood Dev Co, Kobi Karp)

Redwood Dev Co is proposing a massive mixed-use development in North Miami. 

The phased project calls for 2,193 residential units, 121,500 square feet of commercial space and more than 4,100 parking spaces across eight 18-story buildings, plans filed with the city show. Kobi Karp Architecture & Interior Design is designing the project, which is proposed for nearly 39 acres of city-owned land that includes Claude Pepper Park and adjacent land. 

The North Miami City Council will review a resolution to approve or reject the master development site plan at its meeting Tuesday evening. Redwood CP Dev LLC is the applicant. 

The company is a partnership between Miami-based real estate private equity firm BAS Holdings Investments, and Aventura-based lender and real estate investor Winston Capital Partners. Redwood is led by Brian Sidman, founder of BAS, and by David Burstyn, founder of Winston Capital. 

As part of the project, the developer would expand the Joe Celestin community center to include new classrooms, a computer lab, kitchen, gym, event terrace and banquet space. The joint venture would also revamp the park, adding a new concession building, amphitheater, community pool with a splash area, sports fields, basketball and paddle courts, and an exercise trail, according to the application. 

Sign Up for the undefined Newsletter

The project would be built on the park and community center at 1255 and 1525 Northwest 135th Street, and adjacent undeveloped land. 

North Miami issued a request for proposals in August 2022 and Redwood CP Dev submitted a response that November. 

A number of large-scale mixed-use projects with thousands of housing units have been proposed across South Florida in recent months. The majority of those applications are for Live Local Act developments, which include designated workforce housing under a new state law that provides developers with height, density, parking and tax incentives. 

Last month, Raanan Katz’ RK Centers submitted an application for a 1,050-unit Live Local Act complex on the site of the Sears at 3655 Southwest 22nd Street in Miami’s Coral Gate neighborhood along Coral Way. 

The biggest Live Local Act project proposed so far in Miami-Dade is developer Pablo Castro’s plan for a 3,233-unit complex with six towers at 8400 Northwest 25th Avenue in West Little River.