Riverside Wharf

Riverside Wharf Approved By Voters

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Riverside Wharf Rendering

In December 2015, Miami Commissioners approved the $30 million Riverside Wharf project along the Miami River, but it was given the green light by voters on Tuesday March 15th.

The deal gives developers Alex Mantecon and Guillermo Vadell, who also developed The East Coast Building, a 30 year lease with the option for two 10 year extensions. They will also pay a minimum $195,000 rent to the city. 

Riverside Wharf Project Proposed Along Miami River

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Sunset Over the Miami River

Sunset Over the Miami River

A plan called Riverside Wharf has been proposed that would revitalize the east side of the Miami River near I-95, according to Miami Today. 

Riverside Wharf LLC- headed by Alex Manteca and Luis Garcia, would lease city land between 236-298 SW North River Drive and develop a series of restaurants and fish market on the sites. The 58,000 square foot Riverside Wharf would cost $30 million. Part of the proposal would be to make improvements to the riverbank and extend the public walkway. The plan is supported by Miami city commissioners and the Miami River Commission and will go to a vote today. A referendum will be scheduled for March 2016.

Recently, projects such as the condo Flagler on the River and the nearly completed East Coast Building have given a boost to development in the area. A building that would house a SushiSamba and Duck & Waffle was also proposed on the old East Coast Fisheries site last year.

Update: Miami City Commissioners have approved the project and it is headed for a referendum in March 2016.