Tuesday, February 10, 2015

Development Site in Downtown Miami, FL Omni Area Hits the Market at $23.9 Million


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.”

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

No comments:

Post a Comment