Land Swap Will Create New Homeless Shelter, Huge Biotech Center
POSTED: Wednesday, September 14, 2005
MIAMI -- A land-swap deal announced Wednesday is expected to provide both a new home for the homeless and a biotech center that will provide thousands of jobs.
For more than 20 years, Camillus House has offered the homeless a place to stay. For years, developers have said that even though the building has served an important purpose, it has also held up development in the area.Wednesday, city and University of Miami officials announced that Camillus House will swap property it owns near the UM medical school complex for land the university needs for a huge biotech science center.Camillus House will be moved to a new facility just east of Jackson Memorial Hospital on land owned by the University of Miami.The new biotech center, scheduled to open in 2008, will create thousands of jobs. Many of those jobs will be at the first phase of the biotech center, estimated to cost $60 million.Camillus House will remain at its location on First Avenue in Miami for about three years while its new home is built.
For more than 20 years, Camillus House has offered the homeless a place to stay. For years, developers have said that even though the building has served an important purpose, it has also held up development in the area.Wednesday, city and University of Miami officials announced that Camillus House will swap property it owns near the UM medical school complex for land the university needs for a huge biotech science center.Camillus House will be moved to a new facility just east of Jackson Memorial Hospital on land owned by the University of Miami.The new biotech center, scheduled to open in 2008, will create thousands of jobs. Many of those jobs will be at the first phase of the biotech center, estimated to cost $60 million.Camillus House will remain at its location on First Avenue in Miami for about three years while its new home is built. Copyright 2005 by Local10.com.
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