MIAMI – June 6, 2016 – (RealEstateRama) — General Services Administration (GSA) Public Buildings Service Commissioner, Norman Dong, finalized negotiations with Miami Dade College (MDC) on a lease that will lead to long term use and renovation of the historic David W. Dyer Building. GSA’s transfer of underutilized properties such as Dyer building to state and local municipalities helps support communities and promotes economic growth.
The lease includes initial and renewal terms totaling 115 years. MDC has agreed to remediate and readapt the iconic building while preserving and protecting its historical elements and artwork. The college’s renowned Law Center, School of Architecture, Miami Fashion Institute, and other important programs will potentially be housed in or use the historic building. The Dyer building was listed in the National Register of Historic Places in 1983. Since 2008, the building has been vacant and underutilized.
“The outlease of the Dyer Federal Building and U.S. Courthouse reflects a more aggressive approach at GSA to identifying more productive use for excess and underutilized federal buildings. This outlease ensures that this historic building will continue to be a vital part of the Miami community for years to come, “ said Norman Dong, Public Buildings Services Commissioner.
“We are very proud and honored to be part of this agreement with GSA,” said MDC’s President Dr. Eduardo J. Padrón. “This is a true testament of MDC’s tradition of serving as an exemplary steward of historic buildings and making them accessible to our students and our community for educational purposes.”
GSA owns and leases over 376.9 million square feet of space in 9,600 buildings in more than 2,200 communities nationwide. To learn more about GSA’s historic buildings, please visit www.gsa.gov/historicpreservation.
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Teressa Shih Wykpisz-Lee