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BLOCK 55 11.13.19.Indd BLOCK55 SAWYER’S LANDING Block 55 is the latest development by Swerdlow Group, a 1 million square foot mixed-use property. Block 55 will off er ±355,000 SF of retail space, approximately 1,050 parking spaces and 506 apartment units. Target will anchor the ground fl oor with a full service Starbucks and CVS pharmacy within its space. Additional co-tenants will include a health club, a grocer, multiple apparel concepts and hard goods. The fi rst fl oor will also feature restaurants with outdoor seating along Sawyer’s Walk, a block-long dedicated park on the north side of the project. The parking garage was designed to provide customers with the most effi cient shopping experience possible, located close to the street and low in the structure to allow themto exit their vehicles quickly and use multiple vertical transportation points to access the retail doors. The residential component will feature one- and two-bedroom apartments HIGLIGHTS that are roughly 626 and 940 sf respectively. Residents will have a private pool and clubhouse on top of the retail podium. The project is designed by Arquitectonica, a world-renowned architecture fi rm headquartered in Miami. The developer of the project is Swerdlow Group, a major South Florida developer with over 40 years of experience. The general contractor is expected to be John Moriarty & Associates of Boston. John Moriarty recently completed the Brickell City Centre, a large urban mixed-use development located due south of Block 55. Construction is anticipated to begin in March 2020. Retail construction will take 24 months to complete, with the residential component being completed six months later. PROJECT PROJECT MIAMI-DADE COUNTY TOTAL POPULATION MiamiMia ranks No. 4 in the nation for population 2.8 MILLION ggrowth,row after Seattle, Austin and Fort Worth. POPULATION POPULATION 262,944 $46.8 Billion BY GENDER BY AGE POPULATION MIAMI’S DOWNTOWN ANNUAL MIAMI RETAIL SALES 51.5% 39.1 MEDIAN AGE FEMALE 0 - 34 35 - 44 AGE 45 - 54 347,702 $70,349 BREAKOUT 55 - 64 AVERAGE 48.5% 65 - 74 DAYTIME MALE 75 - 84 POPULATION HOUSEHOLD 85+ INCOME £ MiamiM GardensG e £ TS AvenAAvvenveve ttura NorthNNoortthhM MiamM mim PROJECT HIGHLIGHTS £ HialeahHialea • Developed by Swerdlow Group TS • 1 million square foot mixed-use property £ Miaami TS BBeeaach • 352,499-square feet retail • 506 apartment units Doral • 1,050 on-site parking spaces MiMiamia Int’l AiAirport • Direct access and visibility to I-95 with 185,000 TS TS vehicles per day • Located at NW 2nd Ave. and NE 6th St. in Overtown Miami • Centered in a rapidly redeveloping area SweS eeetwatertwaterat CoCooralralr Gables Gablesa • Public transportation: bus stop on site, one block from £ Virgin Train Station to West Palm Beach and Orlando, Coconut Miami Metrorail and Miami Metromover Grove • Within two blocks from approximately 4,000 apartment glades DDaadelandadelanl ndd units recently completed or under construction TS • Two blocks west of the 1,800 room Marriott Marquis hotel and convention center TS • Draws from the extensive trade area due to its proximity to I-95 KenKendallendall Pineinecresteecrec s CCutlerCutlertler BayB y DOWNTOWN MIAMI £ Biscayne Bay Overtown is the historic center of the city currently undergoing a transformational evolution as a neighborhood bnding the trade TS area from Brickell to Midtown. Residential growth provides the HomesteadH essteteadd perfect life work balance. Biscayne National ParkPark FloridaFloF orida City C y VEHICULAR ACCESS ACCESSIBILITY ACCESSIBILITY EXIT 2B NW 2ND ST FROM NB I-95 NW 1st Ave evAdr3WN NW 9th St I-95 ACCESSIBILITY NE 8th St Traveling South Metrorail • I-95 southbound to NW 8th Street, exit 3B, east to NW 2nd Avenue, south to NW 6th Street, west to Sawyer’s Landing • Continuing south via I-95, travel west on NW 6th Street to NW 3rd Avenue, north to NW 7th Street, west to NW 3rd Court, south to I-95 entrance at NW 2nd Avenue Ct 1st NW NW 6th St Traveling North NW 4th Ave 4th NW • I-95 northbound to NW 2nd Street, exit 2B, east to NW NE 5th St 2nd Avenue, west to Sawyer’s Landing NW 2nd Ave • Continuing north via I-95, travel north on NW 3rd Avenue veer to the left to the I-95 entrance. tCdr3WN NW 1st Ave NW 4th St N Miami Ave NW 3rd St NW 2nd St Miami River NW 1st St NW 1st St W Flagler St W Flagler St Public Transportation Traveling South •From Miami International Airport, take the Dadeland South Station train to the Historic Overtown/Lyric Theatre Station, exit station and walk one block west to Block 55 Traveling North • From Brickell Station, take the Green Line Palmetto Station train to Historic Overtown/Lyric Theatre Station, exit station and walk one block west to Block 55 Convention Center GOVERNMENT CENTER 1. PAMM 2. Frost Science Museum 3. Miami World Center 4. Marriott Marquis Convention Center 5. Bayside Marketplace 6. Bayfront Park 7. PORTMIAMI 8. Ross 9. Marshalls 10. Whole Foods ACCESSABILITY ELEVATION GROUND FLOOR LEVEL 6 LEVEL 7 LEVEL 8 PARKING WAYFINDING 61 ft - 10 in 27 ft-1in 27 ft-1in 35 ft -2in 35 ft 252'-0 1/2" 205'-10" 115 ft-0in 20 ft 20 ft 20 ft WAYFINDING DEMOGRAPHICS BY RADIUS Demographics 1-Mile 3-Mile 5-Mile 2019 Population 47,740 257,295 517,517 Change 2019 to 2024 10.2% 6.5% 4.2% Race & Ethnicity White 68.4% 75.6% 71.0% Black 19.6% 13.8% 20.4% Median Age 36.0 38.6 39.3 2019 Households Average Income $44,821 $60,189 $64,174 Owned Home Value $220,303 $269,028 $264,891 Renter Occupied 86.2% 74.6% 69.0% Business Overview Total Businesses 7,105 22,429 45,164 ytime Employees 153,129 422,984 840,184 Da DEMOGRAPHICS GREATER DOWNTOWN MIAMI Greater Downtown Miami consists of 3.8-square miles of prime waterfront real estate in tropical Midtown Miami. It is bounded by Interstate 95 to the west, Biscayne Bay to the east, the Julia Tuttle Causeway (I-195) to the north, and the Rickenbacker Causeway to the south. Miami Downtown Edgewater Development Authority (DDA) represents the urban core of Greater Downtown, which consists of three neighborhoods: the Brickell Financial District, the Central Business District (CBD), and the Arts & Entertainment District. Greater Downtown consists of the urban core in addition to Wynwood Edgewater, Midtown, Wynwood, and historic Overtown. POPULATION Greater Downtown’s population is 92,235 people in 2018. Population continues to grow Overtown steadily in Greater Downtown Miami. We estimate the population has increased by nearly 3,700 people since our 2016 estimate, or a 4%growth in two years. This equates to over 1,500 people moving to Downtown each year. Greater Downtown has grown by more than 38% A&E District since 2010. Table 1: Population Trends in Greater Downtown Miami Greater Downtown Population Trends Area 2000 Census 2010 Census 2018 Estimate 2021 Projection Arts & Entertainment 4,432 9,079 13,072 15,775 Brickell 12,904 26,472 41,337 51,921 CBD 4,901 11,108 13,856* 15,060 Edgewater 5,841 6,097 6,930 7,580 CBD Midtown 4,175 5,647 8,464 10,003 Overtown 7,000 6,736 7,000* 7,721 Wynwood 1,303 1,630 1,576 1,557 Greater Downtown 40,556 66,769 92,235 109,617 Source: ESRI BAO; Synergos PopStats; Miami DDA *Numbers were corrected from 2016 report given new information Table 2: Greater Downtown Miami Population Growth Rates Greater Downtown Population Growth 2000-2010 2010-2018 2018-2021 Area % Change CAGR % Change CAGR % Change CAGR Arts & Entertainment 104.9% 7.4% 44.0% 4.7% 20.7% 3.8% Biscayne Bay Brickell 105.1% 7.4% 56.2% 5.7% 25.6% 4.7% Brickell CBD 126.6% 8.5% 24.7% 2.8% 8.7% 2.8% Edgewater 4.4% 0.4% 13.7% 1.6% 9.4% 1.8% Midtown 35.3% 3.1% 49.9% 5.2% 18.2% 3.4% Overtown -3.8% -0.4% 3.9% 0.5% 10.3% 3.3i% Wynwood 25.1% 2.3% -3.3% -0.4% -1.2% -0.2% Greater Downtown 64.6% 5.1% 38.1% 4.1% 18.8% 3.5% Source: ESRI BAO; Synergos PopStats; Miami DDA 4 POPULATION DISTRIBUTION AGE COMPOSITION More than 65% of all Greater Downtown residents live within the urban core: Greater Downtown’s population has become slightly younger from 2010 with a noticeable 45% living in Brickell, 15% in the CBD, and 6% in the A&E District. Outside of the increase in the Millennial and Gen Z cohorts. Figures 2 and 3 show Greater Downtown’s urban core and within Greater Downtown, Edgewater is the most populated population by age, sex, and generational cohort. The table below shows percentages for each neighborhood, encompassing 15% of the population. Wynwood has the smallest age cohort by sex. This new piece is important for understanding how Greater Downtown’s portion of residential population: only 2% of all Greater Downtown residents. population and needs are changing. For example, it is widely believed that Millennials are Map 1 shows residential density by Census Block Group and is color-coded by still in high school: in fact, the youngest Millennials are actually 20 years old today. As neighborhood for Greater Downtown Miami. The “tallest” block groups can be Millennials have aged, their cohort has become a much larger share of the Greater Downtown found in Midtown, Brickell, and the CBD. In Midtown, the densest block group has a population.
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