Triptych Miami Design District
Triptych Miami Design District Subject Property NW 36th Street North Miami Avenue BANKRUPTCY SALE | CALL FOR OFFERS: JUNE 24, 2021 Confidential offering memorandum 3601 North Miami Avenue, Miami, Florida | Mixed-use development sale Table of contents 01. Executive summary 3 02. Property overview 7 03. Market overview 24 04. Area overview 28 2 01. Executive summary Introduction Investment highlights Triptych Miami 01. Introduction 3601 North Miami Avenue Miami, Florida 33127 Avison Young is pleased to exclusively offer thebankruptcy sale of Midtown Triptych, a ±0.99 2020 Taxes AC (±43,057 SF) development opportunity comprising a full city block, located at the juncture of three of Miami’s best neighborhoods – Miami Design District, Midtown Miami and Wynwood. Parcel Number 2020 Taxes A. 01-3124-026-0010 $42,039.95 The site has in-place approvals from the Urban Development Review Board for the construction B. 01-3124-026-0030 $20,567.49 of a 297-key hotel, 45,000 SF of retail and 60,000 SF of office. $4.5M of soft construction costs C. 01-3124-026-0040 $20,704.59 have already been paid as well as impact fees totalling $260,000. Alternatively, the office portion D. 01-3124-026-0050 $20,718.30 of the site could be eliminated, reducing parking requirements. E. 01-3124-026-0170 $22,333.19 With entrance and exit ramps to I-195 located immediately adjacent to the Property, the site is F. 01-3124-026-0060 $19,086.61 supremely accessible from the Miami International Airport, Brickell and Downtown Miami, G. 01-3124-026-0160 $20,774.17 and South Beach.
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