The Wharf, a popular riverfront hangout in downtown Miami, will soon be rebuilt, according to newly submitted plat documents.
According to the documents, the new development will include:
- 7,000 square feet of retail
- 20,000 square feet of restaurant
- 50,000 square feet of office
Alex Mantecon, who controls the developing entity, signed the documents last month.
In 2016, voters approved turning over a portion of the land where the project will be built to the developer. In exchange, the developer committed to build at least $7 million in privately funded improvements including the construction of restaurants and the continuity of the public Miami Riverwalk. $195,500 in minimum rent is to bebe paid for a term of 30-50 years.
Source: The Next Miami