Description
Develop 49 units in a proposed 9-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Plans are in process and are on the 2nd round of submission with the City of Miami. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Develop 49 units in a proposed 9-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Plans are in process and are on the 2nd round of submission with the City of Miami. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.
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