DE VEL OPMENT OPPOR TUNIT Y FOR SALE 99 Riverside at Brickell · Avenue & 6th Street (for...

99 Riverside at Brickell

John K. Crotty, CCIMPrincipal - [email protected]

David [email protected]

Michael T. FayPrincipal, Managing Dir. - [email protected]

THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, AVISON YOUNG MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF.

THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.

Partnership. Performance.

Our Team:

D E V E L O P M E N T O P P O R T U N I T Y · F O R S A L E

Brian C. de la FéSenior [email protected]

Rosendo Caveiro, CPASenior Vice [email protected]

Myles [email protected]

99 Riverside at Brickell

THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, AVISON YOUNG MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF.

THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.

I N V E S T M E N T H I G H L I G H T S

• An exciting and rare opportunity to acquire one of the last river-fronting assemblages of significant size located in Brickell, comprising three separate parcels totalling ±90,558 SF of land (2.08 acres), with the potential for additional square footage through the vacating of two roads, offering an opportunity to establish a permanent presence in Miami’s iconic skyline.

• Potential to vacate portions of the already closed road and portion of SW 1st Avenue & 6th Street (for air-rights only), which combined would provide up to ±32,861 square feet of additional lot area and result in a total lot area of ±123,278 square feet (2.83 acres), and significantly increasing the total buildable square footage for future development. (See Schemes on page 4).

• The Property’s generous T6-48b-O zoning designation will permit the construction of an impressive high-rise mixed-use development consisting of up to 500 units per acre, or 1,000 hotel keys per acre, in addition to a mix of office and retail space.

• A future high-rise development will enjoy spectacular views and walkability. Frontage along the Miami River could also potentially provide future residents, and visitors, a casual dining atmosphere that is increasingly popular in the densely populated area.

• Extremely desirable location adjacent to the recently completed Brickell City Centre, the $1 billion shopping / mixed-use project that was introduced to the Brickell district in 2016.

• New construction in Brickell regularly commands some of South Florida’s highest rental rates across all property types.

• The Property boasts excellent access to both the Brickell Metrorail Station (four blocks south) and MetroMover stations (Brickell City Centre station).

• The Property is poised to benefit from Brickell’s status as Miami’s financial center. Major offices for dozens of international banks are located in Brickell, within easy walking distance of the Property.

• The current tenants at the Property operate out of the existing structures, which allows an investor income to offset holding costs. Termination clauses in current tenants’ leases provide maximum flexibility for developer to time new project construction.

PROPERTY STATS

Address99 SW 7th Street, 625 SW 1st Avenue

and 66 SW 6th Street, Miami, FL 33130

Folio Number01-0205-030-1090 · ±70,526 SF*

01-0205-030-1061 · ±7,099 SF*01-0205-030-1060 · ±12,933 SF*

Combined Lot Size (AC) ±90,558 SF / ±2.08 AC

Potential additional Lot Area through Vacate

±32,720 SF / ±0.75 AC

Combined Parcels and Additional Lot Area through Vacate

±123,278 SF / ±2.83 AC

Water Frontage ±400 linear feet

Zoning T6-48b-O

S. MIAMI AVENUE

S. M

IAM

I AVE

BRI

DGE

METRORAIL

MET

ROM

OVE

R

Neo

-Ver

tika

Min

t

Win

d

Mia

mi T

ower

JW M

arrio

ttLO

OKIN

G N

ORTH

EAST

Mon

arc

50 B

isca

yne

Bric

kell

on th

e Ri

ver

Subj

ect P

rope

rty

TIN

TED

ARE

A IN

CLU

DIN

G S

TREE

TS T

HAT

MAY

BE

VAC

ATED

.N

Underline

NM

ETRO

RAIL

S. MIAMI AVENUE

SW 7TH STREET

OVER

HEAD

AER

IAL

Subj

ect P

rope

rty

TIN

TED

ARE

A IN

CLU

DIN

G S

TREE

TS T

HAT

MAY

BE

VAC

ATED

.

Underline

DE VEL OPMENT OPPOR TUNIT Y FOR SALE 99 Riverside at Brickell · Avenue & 6th Street (for...

Documents

Transcript of DE VEL OPMENT OPPOR TUNIT Y FOR SALE 99 Riverside at Brickell · Avenue & 6th Street (for...