According to this South Florida Business Journal article, developer Tibor Hollo will lease 2 acres of prime development land to the City of Miami. Located at 1201 Brickell Bay Drive, Hollo will lease the undeveloped bayside lot for the whopping sum of $1 a year. In return, the City will landscape the lot and provide benches for what will be called Hollo Park.
While usable green space is badly needed in Brickell, and Hollo should be commended for what Commissioner Sarnoff calls “thinking outside the box,” I sure hope the developer knows what they are getting themselves into. That is to say, if this park is even remotely successful and enjoyed by Brickell’s growing number of residents, it could become a political battle once the development market returns and Hollo moves to make Hollo Park “Hollo on The Bay,” or “Hollo Haven.”
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Thanks to Kathryn Moore for the tip.
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