The Vision Council, ComReal Miami, and Homestead Hospital hosted a Southeast Homestead Developers Forum at the Homestead Hospital Board Room Friday, 26 September. The purpose of the forum was to draw together investors and stakeholders in that area to discuss marketing, access to credit, and timing for the explosive growth taking place in that area of the county.Of the four million feet of commercial space becoming available in 2009-2010 in the Homestead area, nearly 50% of that space will be in the Park of Commerce and Foreign Trade Zone area, located east of the Turnpike and near Homestead Motorsports Complex. Specifically, Park South and East Gate will bring a combined total of approximately 1.6 million feet of commercial space into the marketplace beginning early next year. This phased-growth complents the upcoming expansion of NWD Exports in the Foreign Trade Zone (FTZ), which is planning to have 22,000 feet available for lease within the FTZ in 2009.
The forum also included a review of the local Economic Indicators provided by Vision Council President, Dennis Daley. This presentation provided area stakeholders with specific facts about economic sector growth and outlook for the area.
Of particular note, manufacturing is very under-represented in the Homestead area, comprising only 2% of area business and employment. With recent increases in median income for the Homestead area, and steady gains in MDC enrollment, it is apparent that Homestead possesses a more skilled workforce than in past history. With the combination of skilled workforce, ample affordable commercial space, and FTZ opportunities - attracting additional manufacturing to the area may be a solid possibility in the upcoming years.
At conclusion of the discussion portion of the forum, stakeholders clearly indicated that a dedicated marketing initiative for this area was needed, as well as continued access to construction capital.
With this support and the efforts taking place at present, this area can clearly be a key economic driver for not only the Homestead area, but south Dade County as well. For more info, please visit www.visioncouncil.com
Edward Redlich
ComReal Miami
eredlich@comreal.com
www.edwardredlich.com
786-433-2379
2 comments:
Ed,
Thank you and thanks to ComReal Miami for supporting the Vision Council and the Southeast Homestead Developers Forum held last Friday. It was a great success and your sponsorship made it a special event for all attending.
Thanks again.
Dennis Daley
President / CEO
Vision Council
www.visioncouncil.com
ComReal's Eastgate at Homestead Park of Commerce received approval from the City of Homestead Planning and Zoning Committee as well as the Homestead Air Force Base. Approval by City Homestead Cit Council is schedule for January 2009. "There are not any Class A Homestead warehouse spaces available for lease or sale. Kendall warehouses are available, but not warehouses in Homestead. Businessmen will now have a Homestead warehouse nearby."
Ed Redlich
www.edwardredlich.com
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