Verbatim from the Miami Herald article by Howard Cohen:
Palmetto Bay wants to create a downtown district in the Franjo Triangle, an area along U.S. 1 surrounding Village Hall.
City staff and officials hope their plans, which looks to include restaurants, retail and a parking garage, could transform Palmetto Bay in a way not unlike Wynwood’s revitalization from a rundown warehouse district to a walkable, thriving urban neighborhood.
By contrast, Palmetto Bay, in South Miami-Dade, where average assessed home values are $226,315, is coming from a considerably more affluent canvas than pre-boom Wynwood. But the village’s plans similarly include the development of an urban walking district. Palmetto Bay’s downtown district would feature a park-and-ride garage facility that would have up to 550 parking places, a link with its existing I-Bus service to the Dadeland South Metrorail station, and 35,000 to 40,000 square feet of retail space.
The first phase is the parking garage adjacent to the new $3.25 million Village Hall.
Click the headline at top to read the complete article.
CLICK HERE to review the February 8, 2012, feasibility study conducted by Ballard-King & Associates (page 2-73 of the 120 pages)
Note that the project is still far off from a reality per the Village Manager. Status is that the Village Council has approved going forward with research. Next steps require a council investigation and decision for funding to pay for the complete project. The total cost is still undetermined and will not be solid until the bids are finally received along with any projections to finish out interiors, parking fee collection mechanisms, whether tenants get parking cost rebates/credits for their employees and customers, etc. This proposed parking garage is located in what is listed as a Neighborhood Mixed-Use district per the 2005 Village of Palmetto Bay Land Use Map
There is the one issue that raised my personal concerns: removing the free on street parking and taxing the cost of parking through installation of parking meters. I also recommend that the Mayor and council involve the local business and property owners; the surrounding stakeholders. Both the parking garage and the parking meters will affect the businesses. They deserve a seat at the table to plan the future effects on their businesses be it retail, service or as landlord to the tenant businesses.