SW 88th St
Miami, FL 33196
Kendall Town Center · Land For Sale · 17.98 AC

Kendall Town Center (KTC) is the last remaining sizable commercial parcel in Miami-Dade County suitable for a major mixed-use development. Located on North Kendall Drive in the West Kendall submarket of Miami-Dade County, the property is comprised of 32.73 acres fronting North Kendall Drive (SW 88th Street) in an incredible underserved retail/commercial market with over 800,000 residents in a 10-mile radius. Kendall Town Center is surrounded by retail, restaurants, medical and very dense residential uses. The household median income levels are currently $90,000 in a 5-mile radius and continue to increase. The direct neighbors to KTC are West Kendall Baptist Hospital, a 133-bed hospital, The Pointe at Kendall Town Center which includes 5 outparcels and retail center totaling 54,982 square feet, a Townplace Suites by Marriott, a 116-room new hotel, The Residences by RSR, which includes a 200-bed adult living residence and a brand new multifamily community of 576 units being constructed directly adjacent to the subject site. Current Retail vacancy in the Kendall Submarket is 3.2% with average triple net rents equaling $43.01 on a triple net basis with expected rent growth of 8% to 10% according to CoStar.