Dear Neighbors and Friends,
During our last Town Council Meeting on July 17, the Town Council and I approved the purchase of approximately 16 acres located north of SW 212 Street and east of Old Cutler Road (a parcel of land better known as the “Potato Field”) from GCF Investments Inc. while selling them the building and land where our current Town Hall sits (the Cutler Bay Town Center).
This “land swap” agreement is currently in the due diligence phase, which lasts approximately 90 days. As we perform environmental studies and evaluations on the parcel of land, GCF Investments Inc. will perform their inspections on our Cutler Bay Town Center building and land. Once all parties involved are satisfied with the sale, the contract will be finalized.
The immediate benefit is a reduction in cost. The Cutler Bay Town Center building has been a drain on our budget and was resulting in losses of approximately $744,000 per fiscal year. This land swap will remove that burden.
The long-term benefits are much greater. The property that we are acquiring is currently zoned for mixed use commercial and residential development, with a residential component allowing a maximum of 30 units per acre (or approximately 480 units for all 16 acres). By transforming this property into a public space, not only will we be preventing any development with multiple residential units from materializing on it, but we will also be controlling the traffic that would come along with it.
The vision for this piece of land is to transform it into an open community plaza and park complex that will house our future Town Hall and be a gathering place for our wonderful community. Once the transaction is complete, we will hold several public visioning sessions to hear what you, our residents, envision for this space.
The steady growth and progress of our Town has been a focal point of not just this Council, but all the Councils since our Town was incorporated in 2005. This acquisition of land is a direct result of the commitment our residents, Town staff and Council Members, past and present, have placed on preserving and improving our Town—and I thank you all.
I am so pleased to have taken part in this decision and look forward to developing this legacy project for our future generations to enjoy!