Avra Jain, Terra among developers planning new projects in Hialeah

August 29, 2018   |   The Real Deal

Pointe Cos. and Lincoln Property Co. also propose new developments

By Amanda Rabinea

A slew of developers are proposing new projects for the city of Hialeah, amid strong efforts to transform its image from an industrial and manufacturing district into a trendy residential and commercial area.

New entertainment venue proposed near Hialeah Market Station

Among the new projects, developers Avra Jain and David Martin of Terra are partnering to refurbish an aging 6-acre industrial complex at 4800 Northwest 37th Avenue. The site is just north of the Hialeah Market Station and Tri-Rail/Metrorail Transfer Station, where the city recently up-zoned 300 acres to allow for more commercial and residential development.

On Tuesday evening, Hialeah’s City Council unanimously approved a land-use amendment that will rezone the property from industrial to transit-oriented development.

Attorney Jorge Navarro, who represents the developers, told council members that the developers plan to refurbish the existing warehouse property and transform it into a new entertainment venue with restaurant space, art galleries and breweries. Renovation plans also will include new landscaping and adding cobblestone streets, Navarro said.

The warehouse complex was built in 1932 and was once the largest bed manufacturing plant in the city before it was abandoned. The property is currently vacant.

More details for the site will be presented at the next city council meeting in September. The property is currently owned by Daniel Karnis and is under contract for an undisclosed price.

Jain is best known for redeveloping the Vagabond Hotel on Biscayne Boulevard. She is also working on rehabbing apartment buildings in Overtown. Martin, who has projects in Coconut Grove, Doral, Pembroke Pines and North Beach, is partnering with developer Jackie Soffer to build a convention center hotel in Miami Beach

Jain and Martin are also bringing a sports-themed entertainment facility to Miami’s Liberty City neighborhood, just west of Little River.