ULI Southeast Florida/Caribbean News

P3: Prominent Real Estate Players, Public Officials Discuss Increasingly Important Development Solution

By: Eric Kalis

Balancing public and private interests paramount to address South Florida’s biggest needs

ULI’s Southeast Florida/Caribbean chapter and its Young Leaders of Broward County brought together a top commercial real estate broker, leading developer and the vice mayors of the cities of Dania Beach and Tamarac for an in-depth discussion about public-private partnerships (P3s) on Nov. 7 at the Hyatt Place in Dania Beach.

As available land for new construction in South Florida dwindles and governments face the challenge of accommodating the growth of their communities, P3s continue to gain popularity as a creative way to solve complex and costly problems.

Mika Mattingly, Executive Vice President of Colliers International’s Urban Core Division, moderated an interactive discussion with enthusiastic participation from the developers, brokers and other industry professionals in attendance. The featured speakers were:

  • S2 Development Principal Marc Schmulian, who is developing downtown Miami rental high-rise M-Tower in a P3 with the Miami Parking Authority. Schmulian discussed how successful P3s require creativity and cooperation, but when executed properly can allow for the expeditious completion of large-scale projects that benefit the public
  • City of Tamarac Vice Mayor Michelle Gomez, who detailed her city’s major P3 initiatives: Tamarac Village and the redevelopment of the Colony West Golf Club
  • City of Dania Beach Vice Mayor Bill Harris, who addressed the transformative mixed-use Dania Pointe development and the city’s efforts to find a development partner to redevelop its City Hall

 

Denise Castro and Jess Brancaccio of ULI’s Young Leaders of Broward County co-chaired the event.

 

To see photos from the event, visit our Facebook and Flickr pages.

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