AVENTURA DEVELOPMENT SITE 20955 BISCAYNE BOULEVARD AVENTURA, FL
GOLDEN BEACH SUNNY ISLES BEACH
TURNBERRY ISLE RESORT COUNTRY CLUB
GULFSTREAM PARK RACING AND CASINO
AVENTURA MALL
AVENTURA HOSPITAL
CONFIDENTIAL OFFERING SUMMARY JORGE A DAVILA, P.A. [email protected]
Note: This offering subject to errors, omissions, prior sale or withdrawal without notice Ph: (305) 776-2166 AVENTURA DEVELOPMENT SITE
INVESTMENT OPPORTUNITY
The Katsikos Group (TKG), is pleased to exclusively offer an exceptional opportunity to acquire the Riverside Gordon Memorial Chapel Development Site, one of the few available development sites in the thriving and high barrier to entry City of Aventura. The Site consists of 1.38 net acres of land and a 1 story 10,032 +/- square foot funeral home. The Site’s Land Use is Business and Office, it is Zoned Office Park (OP) District with an Maximum FAR of 2.0 allowing for 120,225 square feet of development with a maximum of 10 stories. Under the OP zoning, hotels are permitted with a minimum area of 300 SF per room.
Riverside Gordon has approximately 200 feet of frontage on Biscayne Boulevard and is only blocks away from some of the area’s strongest urban and high center street retail markets including Aventura Mall, Gulfstream Park Racing and Casino, Aventura Commons and Loehmann’s Plaza. The Site also features frontage/access on 209th Street (300 feet) and 210th Street (225 feet) enabling numerous ground up development scenarios.
OFFERING HIGHLIGHTS
Irreplaceable Aventura location on Biscayne Boulevard
Office Park Zoning allows 120,225 SF of development
High barriers to entry for commercial developments
Extensive uses permitted— Offices, Medical (Hospitals and Clinics), Banks, School, Restaurants and Hotels
Prime location in one of Miami-Dade County’s strongest and most desirable markets
Convenient local walking amenities: Hospital, Places of Worship and Shopping
Note: This offering subject to errors, omissions, prior sale or withdrawal without notice Investment Highlights
CITY OF AVENTURA AVENTURA MALL
Incorporated in 1995, Aventura Florida is one of Miami-Dade's Aventura Mall is an upscale super-regional shopping mall in most vibrant communities. Spanning 3.2 square miles with a Aventura, Florida. Aventura Mall is the top grossing center in the population of 37,262 , beautiful Aventura is one of Florida’s southeast and one the top five grossing centers in the U.S. most densely populated places. Located on the Intracoastal Waterway in northeast Miami-Dade County, Aventura is 12 miles It is the largest conventional shopping mall in Florida, having a north of Miami, 12 miles south of Fort Lauderdale and 1 mile gross leasable area of 2,700,000 square feet, and is the third west of the Atlantic Ocean. largest shopping center in the United States. The mall has three floors of retail space, comprising more than 300 retailers. In With its location between two major South Florida airports addition there is a food court with eighteen fast food eateries, as (Miami International Airport and Fort Lauderdale-Hollywood well as several chains and other restaurants at the mall's en- International Airport), Aventura offers its residents optimum trance. convenience. The mall is currently anchored by Nordstrom, Bloomingdale's, J.C. Penney, Macy's (in two separate locations), Sears, and AMC SITE OVERVIEW Aventura 24 Theatres. The mall also serves as a transit hub between Miami-Dade Transit and Broward County Transit, as Address: 20955 Biscayne Boulevard, Aventura, FL each has several routes that meet there. Land Acreage: 1.38Acres Square Footage: 60,112 Zoning: Office Park District AVENTURA HOSPITAL
Aventura Hospital is a fully accredited 407-bed acute care facility providing award-winning inpatient and outpatient diagnostic, Miami Market is Experienceing Incredible Growth medical, surgical and cancer services. With Miami’s gross product rising each year since 2010, from $253 million to $274 million, and personal income growth The Hospital recently invested $130 million in expansions and averaging 5.4%, Miami strengthening purchase power is fueling renovations. The new North Patient Tower features 243 private a growing appetite county wide for new upscale offerings. rooms with private baths, the newest technologically advanced patient care equipment, a 28 bed-Emergency Department, 2 new Demand in the Office sector continues to increase in Miami and ICU units, the Surgical Services Suite with 10 new oversized oper- several suburban submarkets are experiencing escalating rates, ating rooms, a new Main Entrance and much more. tenants are eager to renew, and expand. Landlords also continue to gain leverage. As of the Second Quarter 2016 the The Hospital’s economic impact in 2013 was $211,960,000. Aventura office market has over 1,058,000 square feet of Class A and B with 5% vacancy and averaging rates of $45.64 psf. Both vacancy and rent rates beat Miami’s average of 13.5% va- cancy and $36.47 asking rates (JLL Research).
Note: This offering subject to errors, omissions, prior sale or withdrawal without notice PRIME AVENTURA DEVELOPMENT SITE
TRAVEL DISTANCE FROM SITE:
0.70 Miles to Aventura Mall
0.60 Miles to Gulfstream Racing and Casino
1 Mile to Sunny Isles Beach
8 Miles to Fort Lauderdale Hollywood International Airport
15 Miles to Miami International Airport
12 Miles Downtown Miami
12 Miles to Miami Beach’s Lincoln Road
8669 NW 41 Street, Suite 315 Miami, Florida 33166 Telephone: (305) 717-1880 www.thekatsikosgroup.com
Jorge A. Davila, P.A.
(305) 776-2166
No warranties or representations, expressed or implied are made as to the accuracy of the information contained herein. The property is offered subject to errors, omissions, change of price, rental or other conditions including withdrawal without notice, and will be subject to any special conditions, which may be imposed or made by the owner of The Katsikos Group, Inc. The owner and The Katsikos Group, Inc. reserve the right to accept or reject any and all offers.