Two Kendall properties owned by the Miami-Dade Public School District are due for sale in early June, according to school officials recommendations.
Appraisals were ordered by the Miami- Dade School Board on May 7 to establish market values of a 25-acre site in West Kendall, north of Lamar Louise Curry Middle School, and for a three-plus-acre property in the industrial section east of the Palmetto Expressway, south of Bird Road.
The board is scheduled to issue formal bid invitations at its June 4 meeting. Current property combined values are listed at $6.5 milllion.
“As a result of recent interest expressed by local developers in two vacant boardowned properties and increased activity in the real estate market, it appears timely for the district to explore possible disposition of one or both of these properties, as neither parcel is presently designated for development,” reads a memo authored on Apr. 23 by Jaime G. Torrens, chief facilities officer.
The 24.6-acre site at SW 157th Avenue and 45th Street, purchased on Dec. 10, 1999, is within close proximity to both the recently built Curry Middle School and Manuel C. Barreiro Elementary School, and “has potential for residential development,” according to Torrens’ report.
The 3.45-acre property on SW 74th Avenue at 43rd Street, purchased by the board on Feb. 12, 1991, previously was used as a storage area for decommissioned school buses waiting to be auctioned and is zoned for commercialindustrial development.
Revenues received from sale of either property normally would provide additional funding for capital projects, Torrens indicated while proposing that market values for each property be set at the highest of two appraisal amounts for invitations subsequently issued for private bidding
If Torrens’ recommendations are followed, the bid invitations also will include “added value proffers” above established market value to allow higher returns on property sales.