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| Ryan Shaw |
MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, announced it has retained the exclusive listing for 1530
NE Miami Place, a 1.57-acre, 68,600-square-foot development site in downtown
Miami’s Omni area.
The price is $23,942,300.
Ryan
Shaw, associate vice president investments, and Paul Nudelman, senior
associate, in Marcus & Millichap’s Miami office, are representing the
sellers.
“The site is located across the street from a Metromover
station and is surrounded by new development, including two high-rise towers,
the 36-floor, 513-residence Canvas project, and Opera Plaza, which will have 36
floors, 497 residential units and 8,500 square feet of retail,” says Shaw.
“The property is
currently zoned T6-24, which allows for a 24-story building with approximately
480,200 buildable square feet, but the area also offers an overlay to the
zoning that allows for 500 units per acre, which would equate to approximately
787 units.”
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| Paul Nudelman |
Metromover
is an electrically powered, fully automated transportation system that runs
throughout downtown Miami.
Metromover will link to All Aboard Florida, a proposed
high-speed rail service that will operate along the Florida East Coast Railway
and connect Miami with Orlando with stops in Fort Lauderdale and Palm Beach.
The site
is blocks from Miami Worldcenter, American Airlines Arena, and the Adrienne
Arsht Center for the Performing Arts.
The 30-acre Miami Worldcenter will feature
1 million square feet of retail space, 600,000 square feet of convention space,
7,000-plus new parking spaces, a Marriott Marquis hotel and convention center,
a 120,000-square-foot Bloomingdale’s, a 195,000-square-foot Macy’s and 4.5
acres of open space.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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