CENTRAL Development Site
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Brickell CENTRAL Development Site T6-48B HIGH DENSITY ZONING 10-38 SW 8th Street Miami, Florida 33130 Brickell Property Overview CENTRAL Development Site Colliers, as exclusive marketing advisor, is pleased to present the opportunity to acquire the Brickell Central Development Site, in the heart of the Brickell Financial District. The property is strategically located on the main and main corner of S Miami Avenue and SW 8th Street at 10-38 SW 8th Street, Miami, Fl 33130. The Brickell Central Development Site consists of one 34,188 SF (0.78 acre) parcel with an existing 14,077 gross SF fully leased retail center. The existing building is leased to 9 tenants, including Burger King and La Sandwicherie, providing substantial in-place income with the immediate opportunity of redevelopment into a high-density, mixed-use development. All the leases have a termination clause with 6 months notice in the event of re-development. The Brickell Central Development Site is zoned T6-48B, which allows a developer to build up to 27 times the property land square footage or a maximum FLR of 923,076 SF, 392 residential units and 80 stories (including bonuses). The property is located within the Brickell density overlay, allowing for an increased maximum density of 500 units per acre. The property is the last remaining undeveloped property at the intersection of S Miami Avenue and SW 8th Street which includes Brickell City Center to the North, Solitair Brickell to the West and SLS Lux to the East, and is an ideal candidate for a high-density, mixed-use development. The property’s strategic positioning offers the following advantage: • The best corner in Brickell • Massive development potential • A surging condo market • Highest rents in South Florida • World-class walkability and transit connectivity • Emergence of Miami as a global destination Gerard Yetming Mitash Kripalani, CCIM Julian Zuniga Virgilio Fernandez Nelson Ilceus Executive Managing Director Director Associate Senior Associate Associate +1 786 517 4995 +1 786 271 5598 +1 786 547 0153 +1 305 613 4507 +1 239 785 7261 [email protected] [email protected] [email protected] [email protected] [email protected] 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). ©2021. All rights reserved..