255 NE 1st St. | Miami, FL 33132
OPPORTUNITY TO ACQUIRE A 0.86-ACRE, SITE-PLAN APPROVED, COVERED LAND SITE WITH PREMIER WATER VIEWS, IN DOWNTOWN MIAMI
±22.45 Units Per Acre
Homes Avg SF
Berkadia is pleased to exclusively present the opportunity to acquire the Bayfront Towers site (the “Property” or “Site”), a 0.86-acre covered land development site with uninterrupted water views, located in Downtown Miami. The Property is currently a cash-flowing parking garage with over $1M+ in NOI. The Property is zoned T6-80-O, allowing for a 80-story development and 1,000 units per acre. The buyer will have the opportunity to continue with the seller's current plans to develop a two-tower project with 54- and 62-stories and over 800 apartments.
The Property is ideally located in Downtown Miami, right next to First Street Metromover Station and across the street from Bayfront Park. The Property boasts a 100 Transit Score and 99 Walk Score, providing convenient access to Downtown Miami and Brickell’s 20M+ square feet of Office. Due to the Property’s walkability to Bayfront Park, Downtown Miami and Brickell’s shopping centers, restaurants and other leisure destinations, residents will be able to enjoy a true live-work-play lifestyle. Downtown Miami continues to attract billions of dollars in investment, with numerous companies moving their offices to Downtown. The Bayfront Towers site is ideally positioned to capitalize on these developments and inflow of professionals.
Zoned for 80 stories and 860 units
0.86-acre covered land play
$1M+ in NOI
Ability to offer residents premium water views
Ideally located with 100 Transit score and 99 Walking score
Walking distance from Miami’s Brightline train station: 30-min to Fort Lauderdale, 60-min to West Palm, 3-hours to Orlando
Surrounded by billions of public & private investment
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 loan brokerage business in Nevada.
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Senior Managing Director
Senior Managing Director
1111 Brickell Ave
Miami, FL 33131
Offices & Contact Information
5100 Town Center Circle Suite 550
Boca Raton, FL 33486