Case ID: 805023
Solution ID: 1473

Beacon Lakes Case Solution

Case Solution

In September 2001, Armando Codina, the CEO and chairman of Codina Group, is facing the choice of whether or not to proceed as planned using its $220 million Beacon Lakes project, a 6.6-million-square-feet warehouse and office park in Miami's Airport terminal West sub market. Although his firm has spent a lot more than 2 yrs and almost $two million to obtain the project going ahead, the different obstacles ahead lead him to ponder whether or not to continue. Codina feels that the not successful project could hurt his otherwise pristine career. One of the issues facing him: the uncertainty concerning the growth of the Urban Development Boundary line towards the west to incorporate the website from the project, that is presently zone to stop any kind of development, and also the heated environment debate concerning the site's closeness towards the Northwest Well-field Protection Area and also the Everglades National Park. Codina must evaluate fully the financial aspects from the deal, considering market conditions along with the ultimate profitability from the project because of the credits that he's prepared to make.

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