Trammell Crow, Baptist Scoop Kendall Town Center Development Sites

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Left to right: Michael Levy of Crow Holdings and Robert Eckstein of NAI Miami with Southwest 88th and 91st streets, and between Southwest 162nd and 158th (Google Maps, Crow Holdings, NAI Miami)

The planned multi-family and medical portions of Kendall’s massive downtown mixed-use project are nearing completion after a pair of sales.

Dallas-based Trammell Crow Residential has snapped up its 20-acre development site for $29.4 million, records show. Less than a week earlier, Baptist Health had paid $17.9 million for its 18-acre site.

Both sites are on Kendall’s Greater Downtown, a 70-acre development between Southwest 88th and 91st Streets and Southwest 162nd and 158th Avenues in the West Kendall neighborhood of Miami-Dade.

The vendors were a group of developers who, through their subsidiary KTC SW 88th St LLC, worked to guide the project through the county eligibility process. The group includes NAI Miami shareholders Robert Eckstein, Josh Rodstein, Edward Schmidt and Jeremy Larkin, as well as Raymond and Rene Gonzalez.

Trammell Crow Residential, the multifamily division of Dallas-based Crow Holdings, has won approval to build 11 four-story apartment buildings with 969 parking spaces. Through an affiliate, he secured a $114.7 million construction loan from PNC Bank, records show.

Baptist, which operates West Kendall Baptist Hospital next to downtown Kendall, said in a news release that it would use the property to supplement its existing hospital services. The site, called the “Health and Wellness District,” is entitled to 215,000 square feet of medical offices, 70,000 square feet of education and 125 hotel rooms, according to county records.

As part of the deal, the sellers have also purchased a 6-acre site adjacent to the hospital that will be added to downtown Kendall.

The remaining 33 acres, which partners NAI and the Gonzalezes own, front 88th Street SW and could be developed with up to 490,000 square feet of commercial space, including retail, and 224 rental units. . The area also has 12 outdoor plots.

KTC SW 88th St purchased the entire land from Howard Hughes Corporation in 2017 for $41.8 million.

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