MIAMI, Florida, USA (sentinel.ht) – A Silicon Valley investor and Miami real estate developer are expected to announce plans Wednesday for an innovation district of art, entertainment, technology in Little Haiti.
The district will be called Magic City and is the plan of Bob Zangrillo, the Silicon Valley investor and CEO of Dragon Global, and Tony Cho, a Miami real estate developer and CEO of Metro 1.
According to the Miami Herald, it will be a 15-acre mixed-use development that will bring art and entertainment in its first phase. It will include a sculpture garden, the 30,000-square foot-Magic City Studios and the 15,000-square-foot Factory, both of which will initially be used for events, an innovation center and an amphitheater. The aim is to create a walkable campus-like neighborhood.
“Four years ago, Tony and I teamed up because we had a shared vision for an innovation district in Miami,” Zangrillo said. “We want to embrace the history. We want to create jobs in the community and foster companies that want to give back to [community] education programs and support the kids. That’s our goal, and we’re out there, and we think this is going to be transformative for Miami.” Read more here.