Today we celebrated the life and work of Congresswoman Carrie P. Meek by breaking ground on the Carrie Meek International Business Park (“CMIBP”) in Miami. More than 200 people attended the event, which kicked off what is one of the largest single private industrial developments in the history of Miami-Dade and certainly the largest single job creation project in the history of the County.
Altogether CMIBP will encompass more than 1 million square feet of space, headlined of course, by an 855,000 square foot state of the art facility for Amazon. Amazon representatives were also on hand to celebrate the ground breaking. Foundry is simultaneously building an additional 280,000 square foot speculative industrial building and a 5,000 square foot headquarters building for the Carrie Meek Foundation. All three buildings are expected to be completed at various points throughout the year in 2018. Amazon alone will create more 1,000 new jobs for area residents.
What is truly unique about this project is that is a joint venture between the Carrie Meek Foundation and Foundry. CMIBP is being built on ground owned by Miami-Dade County; that the County has leased on a long-term ground lease to a joint venture between The Carrie Meek Foundation and Foundry Commercial. That joint venture exists not only to build the Amazon building and others, but a significant portion of the profits that are generated from this real estate development will go directly to the Foundation to fund its programs to help provide quality affordable housing, education and healthcare to the underserved residents of Miami-Dade County. Moreover, the Foundation will work with the local residents to help prepare them to take on the more than 1,000 jobs that will be created here over the next 24 months.
Imagine that – real estate development, job creation and economic development all come together in one project. That is truly ground breaking. And we are very proud to be a part of it.