May 09, 2017
The Beckham group has paid $19M for the development of a Miami stadium in overtown. They’re going to pay $9M for 3 acres that will complete the 6 acre development site. The Miami Herald said, the Miami-Dade County Commission could vote on the deal during next week’s meeting. Beckham has planned this stadium since 2014 and now it’s coming to fruition. What currently sits on the 3 acre plot of land to finish Beckhams stadium? A county bus depot.
The $150M stadium will have 25,000 seats. Since the stadiums announcement to build in Overtown, a spark in investments have hit the area. There was recently a $6.7M deal for a 47,000 SqFt across the street from the stadium.