216 Old Cutler

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Berkadia is pleased to exclusively present the opportunity to acquire 216 Old Cutler, an 18.6-acre, 322-unit mixed use development site. The property is located east of "Old Cutler Road," a north/south artery that is synonymous with some of the highest value single family home neighborhoods in Miami-Dade County. This parcel's proximity to Biscayne Bay supports premium rental rates and attracts "down-sizers" from the surrounding affluent towns of Coral Gables, Pinecrest, and Palmetto Bay. Additionally, the site is just a 5-minute drive from Florida’s Turnpike, providing excellent connectivity throughout Miami-Dade and South Florida. The property is strategically located within a growth corridor, near the South Place City Center, a $1 billion mixed-use redevelopment of the current Southland Mall. The property is one of the last remaining undeveloped parcels east of US-1 in all of Miami-Dade County and is site plan approved for a mixed-use development, which includes a 322-unit, 4-story, surface-parked multifamily property with a 55+ age restriction, 25,000 square feet of retail space, and a 25,000 square foot medical office. This project represents an opportunity to address the housing shortage in South Florida as well as the market gap of desirable "down-sizing" alternatives for the 55+ population while also providing retail, dining, and medical services to the surrounding community.

THE Opportunity 

390 Bird Road, Coral Gables, FL 33134

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

CHARLES FOSCHINI

Senior Managing Director305.267.6608charles.foschini@berkadia.com

SHANNON WILSON

Associate Director786.646.2579shannon.wilson@berkadia.com

MORTGAGE BANKING

Wouter Lips

Senior Financial Analyst 786.830.9002 wouter.lips@berkadia.com

Roberto Pesant 

Senior Managing Director 305.975.5956 roberto.pesant@berkadia.com

Yoav Yuhjtman 

Senior Director 786.853.5555 yoav.yuhjtman@berkadia.com 

David Greenburg

Financial Analyst 305.260.4973 david.greenburg@berkadia.com

Jaret Turkell 

Senior Managing Director 561.573.6140 jaret.turkell@berkadia.com 

Omar Morales 

Director 305.878.2278 omar.morales@berkadia.com 

INVESTMENT SALES

Miami

1111 Brickell Ave Suite 1650 Miami, FL 33131 

Boca Raton 

5100 Town Center CircleSuite 550 Boca Raton, FL 33486

LOCATION

18.6-Acre, 322-Unit Surface Parked, Mixed-Use Development Site in Cutler Bay, FL

Located at the prominent corner of Bird Road and Le Jeune Road

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SABRINA SOLOMIANY

Head of Medical & Life SciencesSenior Managing Director404.536.5054sabrina.solomiany@berkadia.com

CHRIS LASHMET

Managing Director763.266.8563chris.lashmet@berkadia.com

MEDICAL & LIFE SCIENCES INVESTMENT SALES

Christopher Apone

Managing Director305.338.4464christopher.apone@berkadia.com

Brooks Minford

Senior Director208.309.1404brooks.minford@berkadia.com