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1315 NE Miami Ct 0.4 Acres of Commercial Land in Miami, FL 33132
Investment Highlights
- Fully approved 50-story multifamily tower development.
- Existing 35-unit apartment building provides in-place income.
- Opportunity Zone location with multiple development incentives.
- Approved for 378 residential units.
- Located directly adjacent to the Signature Bridge and Underdeck Park project.
- RTZ Metromover Subzone zoning supports high-density development.
Executive Summary
The approved program consists of a 10-story parking and amenity podium supporting a 40-story residential tower above. Residential units begin on Level 11 and continue through Level 49, with amenity spaces located on Level 11 and a rooftop amenity deck on Level 50. The project includes a mix of studio, one-bedroom, and two-bedroom apartments, along with approximately 1,060 square feet of ground-floor retail space designed to activate the streetscape along NE Miami Court.
The property benefits from multiple development incentives, including its location within an Opportunity Zone, RTZ Metromover Subzone zoning, Transit-Oriented Development incentives, and potential Live Local Act advantages. In addition to the approved development rights, the site currently generates holding income from a fully leased 35-unit apartment building, providing cash flow during predevelopment activities. Its proximity to the Adrienne Arsht Center Metromover Station, Brightline MiamiCentral, Kaseya Center, Pérez Art Museum Miami, and Frost Museum of Science
Property Facts
1 Lot Available
Lot
| Lot Size | 0.40 AC |
| Lot Size | 0.40 AC |
Description
The property consists of approximately 26,356 square feet (0.605 acres) located at 1315 NE Miami Court in Miami, Florida. The site is improved with a fully leased three-story, 35-unit apartment building constructed in 1960 and is zoned RTZ Metromover Subzone. The property has received site plan approval for a 50-story multifamily tower containing 378 residential units, approximately 1,060 square feet of ground-floor retail space, structured parking, and rooftop amenities. Development incentives include Opportunity Zone designation, Transit-Oriented Development benefits, RTZ zoning provisions, and Live Local Act potential. The site is situated within Miami’s urban core near the Adrienne Arsht Center Metromover Station, Brightline MiamiCentral, and the Signature Bridge redevelopment corridor.
Property Taxes
| Parcel Number | 01-3136-009-1540 | Improvements Assessment | $10,000 |
| Land Assessment | $7,500,000 | Total Assessment | $7,510,000 |
Property Taxes
Contacts
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Virgilio Fernandez, CCIM, MSIRE -
Mitash Kripalani, CCIM -
Andres Navarrete, MSIRE -
Alain Crego, MSIRE -
Cushman & Wakefield
