200 SW 8 Street______Miami, Florida
Brickell Citi Centre
SUBJECT 200 SW 8 St.
FOR SALE
Unique Hard Corner in the center of Brickell to Build a World Class Project with 122 residential or 244 hotel units plus retail
Sale Price $19,387,000
Exclusively Listed with Alfonso Jaramillo [email protected] 305.975.5020
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
CONFIDENTIALITY OF THIS REPORT
This is a confidential report on the subject property intended for your sole use to determine if you wish to express further interest in the subject property.
The confidential report contains brief information about the property offered for sale. It is subject to changes that can appear at any time, and will replace all previously reported information. This report contains estimates, projections and information about the property, and the members, directors, executives, managers and employees related to the property or Fortune International Realty do not assume any responsibility for the information contained in this report, for the accuracy and it’s effects, to notify any changes on the information or this report, or for any decisions based on the information contained herein.
All data on the property is provided for information purposes. Fortune International Realty encourages the recipients of this report to thoroughly review and independently verify to recipient own satisfaction that the data provided are substantially representative of the property and can be realized upon when considering any interest of said property. Recipient of this report acknowledges that he has been advised to seek the independent counsel of an attorney and/or an accountant to verify the information on the property and to examine any and all applicable documentation relevant to the transaction.
The information contained in this report is confidential. The recipient agrees that he will not disclose any of the contents contained in this report without prior authorization from Fortune International Realty.
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
TABLE OF CONTENTS
1. ABOUT THE PROPERTY
2. LOCATION
3. BRICKELL CITI CENTRE
4. SUMMARY OF AREA DEVELOPMENTS
5. SURVEY
6. RECENT COMPARABLES
7. RELEVANT NEWS
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
PROPERTY INFORMATION
ADDRESS 200 SW 8 Street, Miami, FL 33130
TAX FOLIOS 01-0205-080-1010
DESCRIPTION Unique Brickell Corner
LOCATION Center of Brickell
TOTAL LAND AREA 26,600 SF
ZONING T 6 – 24 O
FLOOR LOT RATIO 7
GROSS DEVELOPMENT 186,200 SF
GROSS DEV. W/ 25% BONUS 232,750 SF
ASKING PRICE $ 19,387,000
PRICE / RESIDENTIAL UNIT $ 158,740
PRICE / HOTEL KEY $ 79,370
PRICE/SQFT $ 729
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
PROPERTY DETAILS
LOCATION The land is ideally located at the entrance to Brickell on SW 8 th St. It is: • 1 Block to Brickell Citi Centre • One block East of I-95. • 1 Block to Mary Brickell Village • 2 Blocks from Metrorail Brickell Station • 3 Blocks to Financial District
Demand for residential units, hotel rooms or short term rentals in this area significantly benefit from a 24/7 area where tens of thousands of people Live, Work and Play.
PROPERTY The land is suitable for a boutique mixed use project that can include retail on ground floor and mezzanine level; and up to 122 residential units or 244 hotel rooms, or a mix between both.
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
LOCATION
The development opportunity is ideally located at the entrance to Brickell on SW 8 th Street
Brickell Citi Centre
SUBJECT 200 SW 8 St.
S
Brickell Citi Center
SUBJECT 200 SW 8 St.
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
LOCATION
Brickell Citi Centre
SUBJECT 200 SW 8 St.
SUBJECT 200 SW 8 St.
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
UNIQUE LOCATION BY BRICKELL CITI CENTRE
As seen on all the previous location pictures 200 SW 8 TH Street is located just 1 block from World Class Brickell Citi Center. This 24/7 unique live style property currently has:
• Two Residential towers – Reach and Rise with 893 Condominium Units
• The East Hotel with 243 Hotel Rooms
• 500,000 SF of Retail Space anchored by Saks Fifth Avenue and other world class retailers that include Apple, Zara, Hugo Boss, Audemars Piaget, Coach, Chopard, Intermix, Nest Casa, Onda de Mar, Victoria Secret Porshe Design and Swaroski among others
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
• Food and Beverage – More than 13 dining options that include Quinto La Huella, Italian Food Hall, Casa Tua, Tacology, Luke’s Lobster and Pubbelly Sushi among others
• Entertainment - CMX Cinema
• 150,000 SF Class A Office Building with world class companies such as law firm Akerman LLP, We Work and McKinsey & Company
One Brickell Citi Centre will be the second phase of the project and will start construction in 2019. It would rise up to 80 stories and have 677,000 SF of Class A office Space, 67,000 SF of Retail, 256 Condominiums and a hotel with 120 rooms.
Lastly, BCC continues to expand!!!! It was just announced that Swire will enter into a Joint Venture with Carlos Mattos to co-develop the 72,000 SF lot North of BCC where Oyster Bar and the old Tobacco Road bar used to be.
According to the Real Deal – “Another block is being added to the plans of developer Swire Properties next to the Brickell City Centre development. Swire has agreed to a deal with Carlos Mattos to co-develop the property where the Tobacco Road bar once stood. Mattos owns the entire 72,000-square foot triangular block. A residential development is planned for the site.” For more information go to:
https://www.thenextmiami.com/brickell-city-centre-developer-expanding-yet- another-block/
For more information on Brickell Citi Centre you can visit – http://brickellcitycentre.com/work/overview
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
UNIQUE LOCATION CLOSE TO MAJOR DEVELOPMENTS
Subject Property – 26,600 SF for 122 Residential or 244 Hotel Rooms
Brickell Citi Centre - 893 Condominium Units, 243 Hotel Rooms, 500,000 Retail, 150,000 SF Office Building
Brickell Heights – 649 Condominiums, plus retail and office
SLS Lux – 450 Hotel and Condominium Residences plus Retail
Solitair Brickell – 321 Rental Units
Chetrit -1,678 Residential Units, 330 hotel rooms and 266,000 of office and retail space
Finvarb/Metro 1 Properties – Planned Mix Use
Metrorail Station – Access to Miami International Airport, South Miami, Financial District Down
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
PROPERTY SITS ON THE MIDDLE OF THE BRICKELL GROWTH EXPLOSION
$ 10 BILLION of Real Estate Value Created in the last 7 years - The Manhattan of the South
7,000 Condominium Units
1,500 Rental Units
1,622 Hotel Rooms
700,000 SF of Retail Space
200,000 SF of Office Space
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
COMPLETED PROJECTS
o Brickell Citi Centre - 893 Condominium Units, 243 Hotel Rooms, 500,000 Retail, 150,000 SF Office Building o Aloft Hotel – 160 Rooms o My Brickell – 192 Condominiums o Millecento – 382 Condominiums o West Brickell Tower, Vista Grande Apartments, Citi High Apartments, Citi Crossings and West Brickell View – 462 Affordable Housing Units o Brickell House – 374 Condominiums o Brickell Heights -649 Condominiums o Nine at Mary Brickell Village – 390 Condominiums o Broadstone – 378 Rental Units o SLS – 583 Condominiums and Hotel Rooms o SLS Lux – 456 Condominiums and Hotel Rooms o Solitair – 321 Rental Units o The Bond – 323 Condominiums o Cassa Brickell – 81 Condominiums o Le Parc – 128 Condominiums o 1010 Brickell – 387 Condominiums o Echo Brickell – 180 Condominiums o Brickell Ten – 149 Condominiums o Atton Hotel – 275 Hotel Rooms o Homewood Suites – 102 Hotel Rooms
UNDER CONSTRUCTION PROJECTS
o Flatiron – 556 Condominiums o Maizon Brickell – 262 Rental Units o Panorama Tower – 821 Rental Units, 208 Hyatt Hotel, 100,000 SF of Office and 50,000 SF of Retail o Indigo Hotel – 230 Units
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
PLANNED PROJECTS
o Chetrit - 1,678 Residential Units, 330 hotel rooms and 266,000 of office and retail space o Galwan – 454 Hotel Rooms o Smart Brickell – 150 Condominiums and 150 Hotel Rooms o Finvarb/Metro 1 Mixed Use o Citizen Hotel
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
SURVEY
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
RECENT SALES
Address Land Size Sale Date Sale Price $/SF $/Resi Door 115 SW 8 Street 28,866 1/19/2017$ 18,400,000 $ 637 $ 138,832 90 SW 8th Street 21,210 7/20/2017$ 29,450,000 $ 1,388 $ 120,966 955 South Miami Avenue 10,956 10/2/2017$ 16,180,000 $ 1,477 $ 128,660
Subject Property – 26,600 SF for 122 Residential or 244 Hotel Rooms
Finvarb/Metro 1 Properties – Hotel, Condominiums and Retail
Gazit – Future Retail
Perricones Site – Citizens Hotel
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
ADDITIONAL AVAILABLE DOCUMENTS
• PDF Survey • Title • Wendy’s Lease with Expiration on 2019 • Recent Appraisal • 2016 Downtown Development Authority Demographics • Estimated Development Proforma
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida
MOST SIGNIFICANT PRESS ANNOUNCEMENTS
Brickell Citi Centre
Brickell Citi Center was the largest mixed use development in the South Eastern United States during the current real estate cycle. The property 870 high end residential condominiums, the East Hotel from Mandarin Oriental, and more than 500,000 Square Feet of Flagship Retail and Office Building.
Brickell City Centre shops opening Years in the making, Brickell City Centre’s open-air retail center is launching on Thursday, bringing 500,000 square feet of new retail and restaurant offerings to Miami’s urban core. https://therealdeal.com/miami/2016/11/01/brickell-city-centre-shops-opening- thursday-with-saks-and-a-dozen-stores/
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida Panorama Tower
Developer of Miami’s tallest tower taps Fortune to handle apartment leasing Move-ins expected for March, hotel to open in February
By Katherine Kallergis | January 16, 2018 10:30AM
The 85-story development at 1100 Brickell Bay Drive will open in two phases, starting with the 208-room Hyatt Centric hotel in February. Residents will be able to move into the building’s 821 units the following month. Once Panorama is completed, the 868-foot tower will be the highest in Florida and the tallest residential tower south of Manhattan. https://therealdeal.com/miami/2018/01/16/developer-of-miamis-tallest-tower-taps- fortune-to-handle-apartment-leasing/
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida Flatiron Brickell
Brickell Flatiron taps Fortune to handle sales
By Katherine Kallergis | September 27, 2017 01:00PM
Brickell Flatiron is 70 percent sold, a spokesperson said. Prices range from about $500,000 to $2.5 million, and up to $15.5 million for penthouses. Units will range from one to five bedrooms and will go up to nearly 6,300 square feet. https://therealdeal.com/miami/2017/09/27/brickell-flatiron-taps-fortune-to- handle-sales/
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020
200 SW 8 Street______Miami, Florida Chetrit
Chetrit presents ambitious project along the Miami River Plans call for four 60-story towers with a marina, 300-room hotel and 1,449 condo units
The 6.5 Acre site is located 3 blocks from the Historic Miami River Hotel between between NW 7 th Street, 3 rd Avenue and the Miami River. The Chetrit Group is planning to bring four 60-story towers to the Miami River. The towers would include a marina, 300-room hotel and 1,449 condo units.
Dubbed the Miami Riverwalk, the towers would sit on a 6.5-acre area bordered by the river, Southwest Seventh Street, Southwest Third Avenue and Southwest Second Avenue, according to Miami Today. http://therealdeal.com/blog/2014/05/22/chetrit-presents-ambitious-project-along- the-miami-river/
Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020