Miami Design District High Exposure Hotel
T5 street view rendering | NE view with t5 render |
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North East view Drone | |
South West corner | SE view with site highlighted |
Close up drone aerial view 6 lots | Design district aerial image |
Contact information page |
Possible business usages:
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Ground floor: High end retail/coffee shops/ Grocery store
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Floors 2 - 5: Common office work space, hotel, restaraunt, office, condo, apartment, Hi tech client space,
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Description:
This site meets all the requirements to up zone from it' s current T4 zoning to a T5 effectively doubling it's potential. The lot dimensions are 300 x 100. The property has frontage along the northern end of the 112 expressway giving it maximum exposure to high volume of vehicle traffic everyday. The properties location also gives it direct access to the on and off ramps of the highway. The 112 expressway sees traffic upwards of 115,000 cars per day. On the street level the property is bordered to the east by N. Miami Avenue, which has traffic counts of 33,000 per day. This is an amazing chance to purchase right next to the bustling design district. This area of Miami has quickly transformed itself into one of the countries most prominent high retail streets. The area has seen explosive rent growths and continues to evolve itself into one of Miami' s main hubs. An extended stay type hotel would do well in this area due to it's close proximity to airports, and major points of interest.
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The Design District is one of the fastest-growing luxury high street retail markets in the United States. This area, which was once an area of dilapidated warehouses, has undergone an incredible metamorphosis into a center for art, fashion, high-end brands, culture and a sense of community. A wide range of locals and tourists continue to flock here, pulled in by the unique energy of the area' s restaurants, storefronts, boutiques, and galleries. This demand is only expected to get stronger as Miami continues to be a destination both for tourism, and increasingly for business.
It' s not hard to see why this area is so well poised. It sits at the center of many elements that make Miami amazing. The Design District provides a pedestrian friendly environment, easy access to the highway that connects city of Miami from the Miami International Airport to Miami Beach. It is also within a short proximity to Downtown Miami, and has great visibility from the highway. This makes it an ideal location for anyone who is looking to be connected to the center of the city and everything Miami has to offer.
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$1,900,000
8,750 SF
7,000 SF LOT
Listed for sale is a unique and well-positioned assemblage of 6 commercial lots in Miami' s flourishing Design District. This is the perfect site for an extended stay type Hotel in the heart of Miami, Retail, or Condos.
Details:
Price: $14,000,000 USD
Lot Size: 30,000 Dimension: 300 x 100
Zoning: T-4-O right to up-zone to T-5-O.
Hotel Rooms allowed: 104 (50 as T4)
Condos allowed: 52 (25 as T4)
Commercial Space: 110,000 sq ft (49,000 as T4)
Maximum Height allowed: 81 FT (53FT)
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