Project record · Miami-Dade County, Florida · 2525 NW 62 Street
The station was already there.
The opportunity wasn’t.
MLK Plaza Station is the record of one answer to a question Miami-Dade is asking again in 2025–2026: what should be built around transit?
In 2000, Otis Pitts Jr. answered it. The Metrorail stopped at NW 62nd Street and 27th Avenue. The buses stopped there. Thousands of people moved through daily. The economic value generated by that movement was not staying in the neighborhood. He did not build the train. He built around what the train made possible.
The record
- I · The Station — a transit stop the corridor had already earned, and the value it was not capturing.
- II · The Bet — a $21,775,000 tax-exempt Industrial Development Revenue Bond issued October 1, 2000 by the Miami-Dade County Industrial Development Authority, with BAC Funding Corporation — a Florida not-for-profit organized under Section 501(c)(3) — as the borrower and First Union National Bank as trustee. Serial tranches 2001–2014 at 3.75–4.50%; two term bonds at 4.75%; total lifetime debt service $41,125,237.50.
- III · The Deal — four covenants closing on one day. Ground Lease at $1.00 per year, Development Contract, Installment Sale Agreement, and Loan Agreement, all dated October 1, 2000. County anchor tenancy for 172,000 SF of office. Enterprise Zone incentives.
- IV · The Build — groundbreak 2001. Doors open 2004. Five stories, 200,000 GSF, 172,000 SF office, 13,500 SF ground-floor retail. Covered pedestrian walkway to the Metrorail platform. RFA & Associates lead architect. CORWILL Inc. building architect. DELANT Construction general contractor. H.J. Ross construction manager. Otis Pitts Jr. directing.
- V · Keep the Lights On — then the economy changed and the building didn’t get to stop. Security still had to show up. Mechanicals still had to run. Fire drills still happened. Hurricanes still came. PTA Property Management, LLC took the operating platform in-house on January 24, 2001. Local hires. Local jobs. Local discipline.
The question came back. In 2025–2026 Miami-Dade planners returned to the same station, asking residents and businesses what should be built around transit. This website is the record of one answer.
Sister archive: Edison Marketplace — Otis Pitts Jr. Development Archive
Foundation: Otis Pitts Jr. Foundation Corporation
Contact / corrections: otis@soulaans.io