Miami Riverside Center

The City of Miami is proposing to lease approximately 3.3 acres of land along the Miami River to an affiliate of the Adler Group for $3.6 million per year, with an option to purchase this land for approximately $70 million (it was bought by the City for $7 million dollars in 1994). Adler Group will develop this land into a privately funded waterfront residential mixed-use project, providing public access to a new multi-level restaurant complex and create an expanded public Riverwalk to be used and enjoyed by Miami residents and visitors alike.

Additionally, the City of Miami selected Adler Group to replace the aging and functionally obsolete City Administrative building, which currently sits on the land along the river, with a substantially larger world class headquarters that is architecturally attractive, well designed, operationally efficient, and will provide enough space for the City to house all of its divisions under one roof while allowing for future growth.

Source: Miami Riverside Center