Located in an Opportunity Zone that ranks in the top 1% in terms of population growth and total retail sales.
The Property has an approved and active Major Use Special Permit (MUSP), per Miami’s previous zoning code, which provides an investor with vested entitlements. Approved through 2021, the MUSP allows for a 1.58 million sf (net), three buildings, mixed-use program with over 672 residential units, over 500 hotel keys and nearly 300,000 square feet of commercial space.
The Property’s generous T6-36B-O zoning designation will permit the construction of an impressive high-rise mixed-use development up to 60 stories consisting of up to 500 units per acre, or 1,000 hotel keys per acre, in addition to a mix of office and retail space.
A future high-rise development will enjoy spectacular views and walkability. Frontage on Biscayne Blvd. provides a marquee address and superb accessibility. Extremely desirable location in Miami’s Edgewater neighborhood which sits just east of Wynwood and Midtown, and just north of Downtown. New construction in Edgewater regularly commands some of South Florida’s highest rental rates across all property types.
Furthermore, the Property boasts excellent access to major roadways (I-95, I-395, I-195), South Beach, and Brightline’s MiamiCentral station.
