16395 Biscayne Blvd
Miami Beach, FL 33160
Biscayne Cove · Land For Sale · 1.78 AC

This offering represents the opportunity to develop an approved site plan for a 32-story residential tower, with 480 residences and 504 parking spaces, on 78,000 square feet of land in the City of North Miami Beach. A solid demand for residential condominiums in the SWF district has been confirmed by The Harbour, a luxury residential waterfront development that is adjacent to the Property and is nearly sold out today. North Miami Beach’s master plan was amended in 2015 to encourage redevelopment and development that would enhance the City’s economic base and improve the aesthetic quality of the commercial and residential corridors. The property is positioned as one of the last remaining sites available to develop in this specific MU/SWF district of North Miami Beach, evidenced by the new developments being constructed and proposed in the immediate area. Situated in North Miami Beach’s Mixed-use South Waterfront District (“SWF”), the property is the beneficiary of very advantageous zoning allocations by the city. The district allows a total 1,400 residences and 1,000,000 square feet of commercial space to be developed, of which over 700 residences and nearly 800,000 square feet of commercial space is still available to an investor for future development. The location will allow for amazing water views of Biscayne Bay, be within close proximity to the beaches, and close driving distance to the luxury shopping provided by Aventura Mall to the north and Bal Harbour Shops to the south.