highly Negotiable - quick Close $8.5 Million Reduced Price Quick Sale Pricing 1900 NE Miami ct Motivated Seller MIAMI BEACH Gateway to Wynwood / Edgewater
BRICKELL
DOWNTOWN MIAMI
EDGEWATEREDGEWATERWYNWOOD
N Miami Ave
nd Ave NW 20 th St NW 2
WYNWOOD
FOR SALE .98 ACRE MIXED-USE/Creative office-retail JOHN F. BELL William Hart Redevelopment SITE/3 STORY COMMERCIAL BUILDING Managing Director Financial Analyst│Capital Markets [email protected] [email protected] 305.808.7820 305.808.7314 n MIAMI avenue & ne 20TH STREET | Miami, Florida
licensed real estate broker Demonstrated Demand for Mixed-Use Residential & Commercial in Wynwood Executive Summary
Creative Office-Retail or Redevelopment - MIXED USE Opportunity Redevelopment Opportunity: Mixed-Use, Residential / Retail / Office / Hospitality Prime Location in Miami’s Dynamic Emerging Market - Wynwood
The opportunity 1900 Northeast Miami Court Transwestern has been retained on an exclusive basis to arrange the sale Miami, Florida of the 1900 NE Miami CT site (“Property”). Price Reduced: Motivated Seller $8,500,000
50,317 SF • Reposition Opportunity: The Property is currently improved Building Size To be vacated by school with a vacant 50,317 SF former office/industrial facility that was partially renovated in 2011 to accommodate a charter school and can Year Built / Renovated 1923/2011 be renovated and occupied with creative office or retail commercial Site Size 42,765 SF / .98 Acres uses. The school will be moving to a new building across the street. Zoning T-6-8 O • Redevelopment Opportunities are immediate. The unique Zoning Allows Retail /Office /Residential /Lodging /Commercial high profile location at the gateway to the Wynwood neighborhood Development Height 8 Stories / 12 with bonus is ideal for a variety of uses, including mixed-use residential, retail, office and apartments.
MIAMI BEACH
95 ARSCHT Performing Arts 395 cENTER
1900 NE Miami ct CEMETERY
BISCAYNE PARK N Miami Ave CITY OWNED
WYNWOOD
1900 NE Miami CT 2 Opportunity Overview: Redevelop or Adaptive Reuse EXECUTIVE SUMMARY
KEY INVESTMENT HIGHLIGHTS • “Gateway to Wynwood” Entrance to the emerging market of Wynwood from the south, and also serves as the western entrance to Edgewater.
• High Profile Double Corner. • Poised to be “Iconic location”: A truly unique site that has long term enhanced value as the market further matures. • Mixed-Use Redevelopment Opportunity: Apartments/ Retail / Office / Galleries. Expanding Demand for these uses. • User/ Adaptive reuse opportunity for existing 3 story building. • Easy access at stoplight intersection. • Income Opportunities: Lease existing building to creative businesses and event operators while planning redevelopment, reap income, cover carry costs. • Excellent Signage Exposure / Art Basel Opportunity: Strong market presence / exposure on N. Miami Avenue. Attracts prospective tenants for redevelopment. Advertising and Event income possibilities during BISCAYNE PARK numerous art festivals can be derived while contemplating development CITY OWNED plans and/or incorporated into new uses for the site. • Perfect adjacent properties: Buffered by the amenity of a City park and fire station that insulates the1900 NE Miami CT site from blocked views by future adjacent development. • Exceptional surrounding amenity base: Galleries, restaurants, culture, 1900 NE MIAMI CT and nightlife make Wynwood Miami’s hottest neighborhood. NE Miami Ct • Current School Owner will move to building across the street.
NE 20 • Economic Incentives - Government Sponsored.
th St ZONING DENSITY HIGHLIGHTS
N Miami Ave • High density zoning: T6-8. • Zoning allows up to 12 stories, with bonuses. • Maximum Gross Building Area of 267,281 SF. • Maximum Residential Density 490 units.
1900 NE MIAMI CT 3 Potential Uses Abound –Development or Adapting Existing Building EXECUTIVE SUMMARY
A charter school presently occupies and operates a school in the 3 story building, and will move to the new school they are building across the SAMPLE USES ALLOWED street. Residential Condos CENTRAL LOCATION Apartments • Redevelop entire 42,765 SF site with Mixed-Use Residential and Retail/Office Retail / Office / Technology Project.
Student Housing • Adjacent Public Park a built in amenity. Parking Structures • Retail & Commercial in hot demand on this corridor. Universities & Schools • Technology Firms are flocking to, and co-locating in, Wynwood. Up to 490 Residential Units Allowed 267,281 SF Allowed • Existing 3 Story building could be renovated or repurposed. Temporary rentals for events during festivals and Signage Opportunity, Exposure, Easy Access and development constraints corporate events/Ads. Wall Banner Revenue on adjacent public land make the 1900 NE Miami CT site the prime development opportunity in Wynwood.
1900 NE MIAMI CT 4 The 1900 NE Miami CT Site is at the Center of All Miami Offers EXECUTIVE SUMMARY
STRATEGIC LOCATION– CENTER OF MIAMI • Wynwood: The 1900 NE Miami CT site is the Gateway to Miami’s most Dynamic neighborhood blending commerce, the arts, fashion, dining, and nightlife.
• Edgewater: The hottest residential market in Miami, the 1900 NE Miami CT site is at the western entry to the neighborhood.
• Downtown / Brickell: Business Hub of Miami CBD – 5 minutes to south.
• Arts & Entertainment District: Performing Arts Center & Museums – District is adjacent to the 1900 NE Miami CT site location.
• Midtown / Design District: High end shopping & cutting edge restaurants, minutes north of the Property directly via N Miami Avenue.
• Miami Beach: The Beaches are conveniently 7 minutes via I-395 or I-195.
DOWNTOWN MIAMI BRICKELL 1900 NE MIAMI CT
ARTS & ENTERTAINMENT
EDGEWATER
WYNWOOD
MIDTOWN
† I-95 to MIAMI BEACH
DESIGN DISTRICT
1900 NE MIAMI CT 5 Miami’s Gateway To Wynwood & Edgewater EXECUTIVE SUMMARY
CENTRAL LOCATION • The Property has exceptional market presence with its direct exposure on North Miami Avenue, the main thoroughfare connecting the Downtown/Brickell markets with Wynwood, Midtown and the Design District.
• The landmark location of the 1900 NE Miami CT site serves as the southern main entrance to Wynwood from Downtown.
• The 1900 NE Miami CT site is also the western entrance to the Edgewater community of luxurious waterfront condos and homes.
DESIGN DISTRICT MIDTOWN
WYNWOODWYNWOOD
EDGEWATERWYNWOOD N Miami Ave 1900 NE MIAMI CT EDGEWATER
NW 20th St
NE Miami Ct
BISCAYNE PARK CITY OWNED
1900 NE MIAMI CT 6 Wynwood: Attracting International Notice EXECUTIVE SUMMARY
WYNWOOD! EXPLOSIVE GROWTH • The Wynwood Arts District, is one of the largest and most prominent creative communities in the United States.
• The 1900 NE Miami CT site serves as the entryway to Wynwood from the CBD to the south.
• Miami’s expanding Technology sector co-locates and aggregates in Wynwood, and has experienced significant job growth. Start-up companies are also attracted to Wynwood’s creative work environment. Wynwood regularly hosts networking events for technology and start-up businesses.
• Wynwood is home to many of the region’s largest concentrations of Art Galleries, Retail Stores, Antique Shops, Popular Bars, and one of the largest open-air street-art installations in the world.
• Wynwood is also known for its unique collection of street art and colorful and cutting edge murals adorning buildings throughout the district.
• Nightlife and restaurants are eclectic and destination entertainment.
• The district has exploded over the last few years, and is the playground and workplace for many of the residents in the adjacent Edgewater neighborhood fronting Biscayne Boulevard. 1900 NE MIAMI CT • The market has superseded Miami Beach as the region’s hippest market.
• Wynwood is Miami’s hub for technology, art, creative businesses, and the next generation of business opportunities. MIXED-USE DEVELOPMENT OPPORTUNITY • Explosive growth is destined for Wynwood given its central location in the Downtown core, its ease of access to all points in the surrounding neighborhoods/beaches, its expanding amenity base, and is ripe for significant multifamily and retail/office development to meet demand.
• The newest condo project in Wynwood has commanded sales prices in excess of $500/SF.
• Retail Rents: $30/SF NNN to $55/SF NNN.
1900 NE MIAMI CT 7 Wynwood: Demand Driven Development EXECUTIVE SUMMARY
DEVELOPMENT ATTRACTED TO WYNWOOD Wynwood is an emerging growth market and a focal point in Miami for new development answering demand for residential, commercial space, technology firms, start-ups, restaurants, retail, bars, galleries, and artist enclaves. Wynwood has appeal to both local businesses and residents, and has also become a must see for tourists, in addition to hosting events such as the Second Saturday Art Walk and Art Basel.
GALLERIES To Miami Beach 1 Art Center Miami ore 195 6th St rk 1 NE 3 2 Ascaso Gallery NW 36th St
3 Brisky Gallery NW 35th St GIGI 11 HYDE NE 35th St NW 35th St MIDTOWN 4 Curator's Voice Art Projects NW 34th Te BARDOT THE NE 34th St NW 34th St NW 34th St
5 Diana Lowenstein Fine Arts e
SHOPS AT v NE 33rd St
A
WYNWOOD 3rd St NW 33rd St NW 3 d
6 Dina Mitrani Gallery MIDTOWN n E 32nd St 2 N
ONE
PARAISO PARAISO PARAISO NW 32nd St E NORTH BAY TOWER nd St e BAYVIEWS
NW 32 N 7 Dot Fifty One 33 v NE 31st St E A PARAISO
V t e
e s A
v SOUTH BAY TOWER
e v
1 NE 30th Te
A
v
A
1st St
NW 3
E
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8 Emerson Dorsch
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N
th St
NE 30
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t BISCAYNE
5
M THE ELECTRIC
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6 3
9 Espace Expression NW
BEACH
PICKLE COMPANY
LEGEND
W W W h St
N E 29t
W MORGANS N
N N N 29th St N RESTAURANT NE 10 EVL World NW 29th St 15 WYNWOOD O CINEMA ICON CULTURAL CENTERS BAY 11 Gallery Diet MUSEO VAULT THE WYNWOOD GATEWAY COMPLEX WYNWOOD NE 28th St NE 27th Te BUILDING BRICK HOUSE PRIDE AND JOY BBQ THE CRIMSON 9 14 NE 27th St ION EAST NW 28th St R HOUSE JIMMY’Z KITCHEN SUVICHE BAY RESTAURANTS & BARS 12 Harold Golen 24 31 WYNWOOD WYNWOOD HOUSE 17 BEAKER & GRAY NE 26th Te 22 NW 27th St 7 St 28 WYNWOOD BLOCK CYNERGI LOFTS 95 NW 27th WYNWOOD HOUSE NE 26th St RETAIL/OFFICE 13 House of Art WYNWOOD 6 WOOD TAVERN NW 26th St ZAK THE BAKER 13 KITCHEN & BAR THE GREENSPACE SHIKANY 27 WYNWOOD WALLS CAFE BABBO NW 26th St MIAMI 14 Juan Ruiz Gallery LAB 4 20 32 NW 25th St NE 25th St RESIDENTIAL MIAMI EDGEWATER WYNWOOD JOEY’S ITALIAN 21 2 TERMINAL LOFT 23 NE 24th St BREWING WYNWOOD CENTRAL COYO BUILDING 15 Kelley Roy Gallery / Oxenberg Fine Art COMPANY NW 24th St GRAFFE CAFE NE 24th St PANTHER COFFEE TACO 8 GALLERIES 2300 NW 2ND AVE 18 3 WYNWOOD CAFEINA 26 25 GRAMPS ARCADE NW 23rd St 10 16 23 BISCAYNE BAY
16 Lelia Mordoch Gallery 12 19 e 250 WYNWOOD D
NW 23rd St E 23rd St v N R NW 23rd St A e 11 NE 22nd T
WYNWOOD LOFTS
A
MIAMI RUM CLUB d
V n 17 M+V Art MANA WYNWOOD E SKYVIEW
30 2
L
THE BUTCHER
St PRODUCTION VILLAGE t NW 22nd NE 22nd S U
SHOP BEER E
O N
NW 22nd St GARDEN & GRILL B
18 Mindy Solomon Gallery
E
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N
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Y v
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20 NOW Contemporary Art
W
W
W NE 20th St
W
W
W
N
N N
N E 19th Te
N N N 21 Pan American Art Projects NW 20th St N
NE Miami Ct 19th St
22 Pop Communications ARTS & ENTERTAINMENT NE t
C 9th St Biscayne
NW 1
h
t
t
4 C Park
DISTRICT
W
23 PSH Projects
19th St N
NW d 1900 NE MIAMI CT ARIA ON THE BAY
n 2
BAY PARC PLAZA
18th St GATEWAY 24 Ricart Gallery NW OPERA TOWER W SITE 17th Te Williams N NE 25 Robert Fontaine Gallery PARK LOFTS th St Park NW 17th St NE 17 THE CANVAS 26 Sean Havas Adventure Photography Gallery e CONDOS
v FILLING
A
STATION Town NE 16th St d t
27 The P.T. Experiment r NW 16th S 3
Park
W VENETIAN CSWY 28 The Screening Room N NE 15th St NW 15th St NE 14th T r Z
I L P
29 TUB Gallery Miami
MELODYMELODY D
e L
NE 14th St v A
4th St A
NW 1
R t
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30 Unix Contemporary E To Miami Beach
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31 White Porch Gallery 1 E 13th v N
WATSON ISLAND
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W 13th St l
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1
th St
NW 12
1900 NE MIAMI CT
33 Bakehouse Art Complex I 8 W
W W
W
N N
N N
NW 11th Ter NE 11th St I E I D Location at Edgewater’s Gateway to Wynwood EXECUTIVE SUMMARY
1900 NE MIAMI CT SITE IS WEST ENTRANCE TO EDGEWATER COMMUNITY MIAMI’S DYNAMIC MULTI-FAMILY MARKET
MARLINS 1900 NE MIAMI CT CORAL STADIUM GABLES
WYNWOOD
ARTS & ENTERTAINMENT DISTRICT
EDGEWATER
1900 NE MIAMI CT 9 NE 20th Street Links Wynwood & Edgewater EXECUTIVE SUMMARY
MIAMI BEACH
395
EDGEWATER
th St KUSH NE 20 RESTAURANT
NE Miami Ct
1900 NE MIAMI CT BISCAYNE PARK CITY OWNED N Miami Ave FIRE WYNWOOD STATION CEMETERY
1900 NE MIAMI CT 10 The Essential “Miami Avenue” Corridor - Links Miami’s Districts EXECUTIVE SUMMARY
MARY CITY CENTRE BRICKELL VILLAGE 1900 NE MIAMI CT
WYNWOOD N MIAMI AVE
MIDTOWN
EXCEPTIONAL EXPOSURE – ATTRACTS TENANTS • The Property has 337 feet of frontage along highly traveled North Miami Avenue and 145 feet on NE 20th Street. North Miami Avenue links the 1900 NE Miami CT site with the area’s most prominent mixed use iconic projects including Mary Brickell • The key location provides prospective office and retail tenants with Village, Brickell City Centre, Macy’s and continues to the 1900 NE superior market recognition to visitors, clients, and customers, as Miami CT site’s Gateway location of Wynwood. well as unique signage opportunities.
NW 20 NW 2nd AVE 1900 NE MIAMI CT WYNWOOD DESIGN TH Mary Brickell Village ST DISTRICT Residential
NE 36 41 Brickell City Centre NE MIAMI CT Midtown Miami ARTS & Retail/Residential TH
ST
Mixed Use FLAGLER ST 395 Retail/Residential DOWNTOWN OFFICE CORE ENTERTAINMENT NE 2nd AVE 1 BISCAYNE BLVD EDGEWATER BRICKELL 1 1900 NE MIAMI CT 11
9 Miracle 1900 NE MIAMI CT Marketplace North Miami Avenue-Wynwood Segment EXECUTIVE SUMMARY
NORTH MIAMI AVENUE COMMERCIAL CORRIDOR N. Miami Avenue is Wynwood’s direct path to the Downtown CBD to the south & Midtown to the north. Expansion of business and amenities along this key corridor has been impressive in the immediate area of the 1900 NE Miami CT site and through Wynwood. A sample of businesses located along this important corridor are detailed below.
W W
W W
1 NW
1
1
1 9
8 1 N N N
1 N 4 t
t 6
h 5 W W W t t C h NW 1st PSH PROJECTS JIMMY’Z KITCHEN W t h t O CINEMA h
h
S
GALLERY WYNWOOD 3 3 3 S ve A 3 St 1st
NW WYNWOOD
t 4 4 5
t 3 S S
t t t PRIDE AND r
h h h e t 1st Av t NW d KUSH MEGA WYNWOOD MIAMI RUM CLUB JOY BBQ
C1 S T S ARCADE RETAIL S SHOES e RESTAURANT t t NW Miami Ct BANK CYNERGI THE ELECTRIC t 1900 NE MIAMI CT VILORIA CAFE LOFTS PICKLE LOUNGE GALLERY BABO MIAMI AVE 195 N N
MIAMI N 395 N W
W W PROHIBITION GIGI IAMI AVE M RESTAURANT N 3
3 3 RESTAURANT
2
1 SPACE BY 3 MORGANS 0 n
s t BARDOT
h d N MIAMI AVE MIAMI LOCK & LOAD BEAKER RESTAURANT t HANDCRAFTED
LOUNGE
S
S RUM CLUB GUN RANGE & GRAY S TATTOO
N N t N t THE NE Miami Ct BAR t E E E
I
1 1 FILLING 1 PARK DIANA LOWENSTINE LELIA MORDOCH GRAFFE SUVICHE KELLY ROY HYDE
1 N 5 4 E STATION N 1s t GALLERY GALLERY t t t LOFTS CAFE RESTAURANT GALLERY Av MIDTOWN h E e h h N N
N APTS. N N N N
N
BISCAYNE
S E 1 W S
S E
E E E E
E
9 t
t
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2
ve PARK N A 2 t s t 1 2 2 2 2 NE 2 2
N h 8
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S
1
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S S S S S 7 t
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6 t
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t t t t C t t t E 1s t N t t
h
h S d Ave NE 2n
S
t
S I t 2nd Ave t NE
1900 NE MIAMI CT 12 Surrounding Public Owned Sites EXECUTIVE SUMMARY
Neighboring public owned land ensures a tranquil environment - free from intrusive development.
FIRE STATION
1900 NE MIAMI CT
CEMETERY
NE Miami Ct
NE 20 BISCAYNE PARK CITY OWNED th
St
VIEW LOOKING WEST
1900 NE MIAMI CT 13 Site Plan EXECUTIVE SUMMARY
KUSH RESTAURANT NE 20th Street
th St NE 20
PARKING NOT PART OF OFFERING RAILROAD 42,765 SF
NE 19th Terrace
NE Miami Court N Miami Avenue
50,317 SF 1900 NE MIAMI CT 3 STORY NOT PART OF OFFERING EXISTING OFFICE CHARTER
N Miami Ave SCHOOL UNDER CONSTRUCTION
NE 19th Street
NOT PART OF OFFERING PARKING
BISCAYNE PARK FIRE STATION CITY OWNED FIRE STATION PUBLIC PARK 1900 NE MIAMI CT 14 1900 NE Miami CT Site Photos EXECUTIVE SUMMARY
1900 NE MIAMI CT
1900 NE MIAMI CT 15 Surrounding Views EXECUTIVE SUMMARY
1900 NE MIAMI CT 1900 NE MIAMI CT
s EAST t NORTH s SOUTH t WEST
1900 NE MIAMI CT
1900 NE MIAMI CT
1900 NE MIAMI CT 16 Contacts EXECUTIVE SUMMARY
FIRE STATION BISCAYNE PARK CITY OWNED
1900 NE MIAMI CT
N Miami Ave
NE Miami Ct
KUSH RESTAURANT NE 20th St 1900 NE MIAMI CT
VIEW LOOKING SOUTH
FOR MORE INFORMATION, CONTACT: THE OFFERING PROCESS PRIMARY CONTACT: ADDITIONAL CONTACT: The 1900 NE Miami CT site is being offered subject to limiting conditions JOHN F. BELL WILLIAM HART described in the Offering Memorandum and the Confidentiality Agreement. Managing Director Financial Analyst Capital Markets [email protected] [email protected] 305.808.7820 305.808.7314
100 SE 2ND STREET, SUITE 3100 | MIAMI, FLORIDA 33131 | P: 305.808.7310 | www.transwestern.com/Miami
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITION, WITHOUT NOTICE, AND TO ANY LISTING CONDITIONS, IMPOSED BY THE OWNER.