Thursday, April 18, 2013

Colliers International Lists One of Miami's Last Full-Block Development Sites




                                                Avenue One rendering by Kobi Karp

Miami, FL, April 18, 2013 -  David C. Metalonis, CCIM, Senior Vice President and Partner at Colliers International South Florida, announced that a call for offers has been set for Thursday, May 9, 2013, for one of the last full-block development sites in the City of Miami.

David C. Metalonis
The property, located at 1950 NW 1st Avenue, is just south of the Wynwood Art District and Midtown Miami, and west of Biscayne Boulevard and the Performing Arts District, placing it within the Omni CRA.

 The 2.47-acre site is zoned T6-8-0 which allows for up to 12 stories in height, 674,025 square feet of total gross floor area, and residential development of up to 370 units. With existing Major Use Special Permits (MUSP) already approved for a proposed 311-unit mixed-use project called Avenue One, the site is ready for immediate development.

Kobi Karp
"Current zoning code allows for a mixed-use project that could be developed as three separate towers using a new design by Miami architect Kobi Karp," said Metalonis. He is representing Miami-based owner A-1 Management Corp. whose principals brought the loft concept to Miami and who have sold multiple projects in Miami-Dade.
  
 For a complete copy of the company’s news release, please contact:

Crystal Proenza
 Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

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