Biscayne Landing
Encyclopedia
Biscayne Landing is a 193 acres (0.8 km²) master-planned community located in North Miami, Florida
within a 2,000 acre (8 km²) enclave on Biscayne Bay. The site is bordered to the east by Biscayne Bay
and Oleta River State Park
, Florida’s largest urban park, to the west by commercial developments. It is notable as one of the largest residential projects ever planned on a former Superfund
site and a demonstration of the excesses of the housing bust. The site also reflects one the largest write-offs in securitized mortgage history with a $196 million writeoff of an initial $200 million investment.
landfill
to Boca Developers for two hundred years. As part of the partnership agreement with the city, Boca Developers will match the construction of new residences at Biscayne Landing with an equal number of new or rehabilitated affordable housing units on brownfield sites within the city. In addition, Boca Developers has also committed up to $25 million toward the renovation and expansion of North Miami's library, the construction of an Olympic training facility, and construction of a the David Lawrence, Jr. K-8 School.
The Miami-Dade commission has agreed to contribute $31 million of the costs of the Munisport cleanup, using part of a $130 million bond issue earmarked to clean up other polluted sites in the county.
landfill.
North Miami, Florida
North Miami is a suburban city located in northeast Miami-Dade County, Florida, United States, about north of Miami. The city lies on Biscayne Bay and hosts the Biscayne Bay Campus of Florida International University, and the North Miami campus of Johnson & Wales University...
within a 2,000 acre (8 km²) enclave on Biscayne Bay. The site is bordered to the east by Biscayne Bay
Biscayne Bay
Biscayne Bay is a lagoon that is approximately 35 miles long and up to 8 miles wide located on the Atlantic coast of South Florida, United States. It is usually divided for purposes of discussion and analysis into three parts: North Bay, Central Bay, and South Bay. Its area is...
and Oleta River State Park
Oleta River State Park
The Oleta River State Park is a Florida State Park system on Biscayne Bay in the municipal suburb of North Miami in metropolitan Miami, Florida...
, Florida’s largest urban park, to the west by commercial developments. It is notable as one of the largest residential projects ever planned on a former Superfund
Superfund
Superfund is the common name for the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 , a United States federal law designed to clean up sites contaminated with hazardous substances...
site and a demonstration of the excesses of the housing bust. The site also reflects one the largest write-offs in securitized mortgage history with a $196 million writeoff of an initial $200 million investment.
Funding
Biscayne Landing is the result of a partnership between the City of North Miami and Boca Developers. The city has leased the former superfundSuperfund
Superfund is the common name for the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 , a United States federal law designed to clean up sites contaminated with hazardous substances...
landfill
Landfill
A landfill site , is a site for the disposal of waste materials by burial and is the oldest form of waste treatment...
to Boca Developers for two hundred years. As part of the partnership agreement with the city, Boca Developers will match the construction of new residences at Biscayne Landing with an equal number of new or rehabilitated affordable housing units on brownfield sites within the city. In addition, Boca Developers has also committed up to $25 million toward the renovation and expansion of North Miami's library, the construction of an Olympic training facility, and construction of a the David Lawrence, Jr. K-8 School.
The Miami-Dade commission has agreed to contribute $31 million of the costs of the Munisport cleanup, using part of a $130 million bond issue earmarked to clean up other polluted sites in the county.
Environmental Condition
Biscayne Landing’s environmental standing is described as "brownfield," which the government defines as property for which the expansion, redevelopment or reuse may be complicated by the presence or potential presence of contaminants. It is located on the former MunisportMunisport
Munisport Landfill is a closed landfill located in North Miami, Florida adjacent to a low-income community, a regional campus of Florida International University, Oleta River State Park , and estuarine Biscayne Bay....
landfill.
External links
- EPA's Brownfields portal
- Developer's Project Web Site
- (Page 15) "Development Strives to Bury Dirty Past", Jim W. Harper Biscayne Boulevard Times - Local Newspaper article