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734 Nw N River Drive FOR SALE SHOVEL READY DEVELOPMENT SITE WITH APPROVED PLANS FOR 8 TOWNHOMES DOWNTOWN MIAMI BRICKELL SPRING GARDEN MI RIVER IA M 734 NW N RIVER DRIVE Highlights Contact us: • The Corso D Acqua townhomes is an excellent canvas for a small scale Mitash Kripalani +1 786 271 5598 townhouse product. [email protected] • 13,000 SF lot located in the heart of the River District Gerard Yetming • The property is located close to the Health District (second largest health +1 786 517 4995 [email protected] district in the US), Brickell, Downtown Miami and I-195. • Miami Dade city zoning code: T4 R Julian Zuniga +1 786 433 5383 • Central location in Miami-Dade County Qualified Opportunity Zone location [email protected] • Scarcity of land inventory in the Miami-Dade marketplace; more than Virgilio Fernandez 4,000 luxury apartments in the area; $2.2 billion in income nearby +1 786 433 5380 [email protected] • Great project to use physician’s loan incentives Pricing: $1,390,000 Colliers International South Florida, LLC This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and 801 Brickell Avenue | Suite 850 reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all Miami, FL 33131 inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved. P: +1 305 359 3690 SUBJECT NW 7TH STREET DOWNTOWN MIAMI MIAMI RIVER Area Demographics Specifications The Corso D Acqua site is a unique opportunity for a developer Median Household looking to acquire a shovel-ready site with approved plans to build Income (2018) (3-mile radius) $65,544 a boutique small-scale development project surrounding the Miami River. The Miami River has seen a dramatic increase in interest from developers as Downtown/Brickell is almost built out. Daytime Population (2018) (5-mile radius) We believe the highest and best use based on the current market 600,000 dynamics is the development of a townhouse project that features eight residential units for sale. Residents within 3 miles (2018) 200,000 Project Name 734 NW N RIVER DRIVE Location Miami, FL 33136 Land SF 13,000 Median Age Land acreage 0.29 (2018) (5-mile radius) Zoning T4 R 39.6 No of planned units 8 8 units ranging Planned sellable SF from 2,883-4,207 SF Projected annual population growth Planned parking 8 (2018) (5-mile radius) 1.38% Approvals Approvals in place LAND PRICE $1,390,000 Source: riverlandingmiami.com 734 NW N RIVER DRIVE, MIAMI, FL Recent Area Developments 1170 NW 11th Street, Miami, FL 480 NW North River Dr, Miami, FL 33125 MODERA RIVERHOUSE RIVER LANDING Modera Riverhouse is located on the Miami River and the prop- The project is a mixed-use development that will be situated along the erty has close proximity to Brickell. The property is located Miami River at 1480 NW North River Drive. River Landing will be a within the Spring Garden Historic District. The luxury apartment five-story power center situated on 8 acres of riverfront land offering community features 292 apartments with views of the river and nearly 430,000 SF of commercial space. The project will offer a mix of Downtown Miami. restaurants, shopping, recreational entertainment and residential units. Source: moderariverhouse.com Source: riverlanding.com Miami River 603 NW S River Drive, Miami, FL 33128 MIAMI RIVER WALK 555 RIVER HOUSE The 6.31 acre development site features more than 1,000 feet of 555 River House is proposed to include: Three distinct buildings, 175 unobstructed water frontage along the Miami River. The site will hotel rooms, 39 residential units, 120,000 SF of office, 35,650 SF of be developed into about 700 apartment units in two phases. The commercial, 416 parking spaces, 600-foot public riverwalk, 10 boat property is located a half mile south of Miami’s Health District and slips. Green walls and a transparent parking structure will be used to near Downtown Miami and Brickell. Construction began fourth allow for natural light and breezes. quarter 2018. Source: https://www.thenextmiami.com/ Source: http://mastcapital.com/project?ID=75210 revealed-carlos-zapata-designing-mixed-use-project-on-miami-river/ Physician Mortgage Loans Physician mortgage loans are a residency officially starts. special mortgage product available to doctors. Doctor home loans have Doug Crouse, an expert in fewer restrictions for borrowers physician mortgage loans, states than conventional loans because that lenders who offer physician lenders generally trust doctors to mortgage loans accept 0% down, be responsible borrowers. Doctors which is a rarity in the mortgage often apply for these mortgages world. Most mortgage products when they’re in residency or with 0% down come with huge shortly after graduating med fees or specific requirements. This school. Lenders will accept an offer means borrowers don’t have to letter as proof of income, which save thousands of dollars before is an extremely rare scenario. they’re ready to buy a home. Most Most banks want to see a stable conventional loans require a down history with a current employer. payment of at least 3-5%. In fact, some will let you take out - Source: financialresidency.com a mortgage months before your 555 RIVER HOUSE 555 River House is proposed to include: • Three distinct buildings • 175 hotel rooms • 39 residential units • 120,000 square feet of office • 35,650 square feet of commercial SUBJECT PROPERTY • 416 parking spaces • 600-foot public riverwalk • Ten boat slips within reflective glass structures to render expansive open spaces. Source: thenextmiami.com Mitash Kripalani Gerard Yetming +1 786 271 5598 +1 786 517 4995 [email protected] [email protected] Colliers International Julian Zuniga Virgilio Fernandez South Florida, LLC +1 786 433 5383 +1 786 433 5380 801 Brickell Avenue | Suite 850 [email protected] [email protected] Miami, FL 33131 P: +1 305 359 3690 Accelerating success. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved..
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