Prime Downtown Miami Redevelopment Site

Highlights

• Miami's fastest growing neighborhood.
• Florida's most connected and transit oriented infrastructure.
• Zoned T6-80-O allowing mixed-use development.
• Flagler Street address with access to retail, entertainment, and transportation.
• 1,000 dwelling units per acre density.
• 80+ height limits.
• Limited to none parking requirements for multifamily development.
• Covered Land investment with the possibility of increasing returns.

Description

TIR Prime Realty as exclusive agent presents 231 E Flagler Street situated in the Miami urban core as covered land redevelopment investment. This offering consists of a 14,000 square foot lot right on the coveted East Flagler Street which is poised to become the center of the Central Business District with its ample and pedestrian-friendly sidewalks and streets. Density and zoning codes allow tremendous potential to develop high-intensity mixed-uses into great heights.

High Intensity Zoning
With its T6-80-O designation, Miami's Central Business district allows the tallest and most intensive development in the whole state of Florida with its 80+ story height limits and it's 1,000 dwelling unit per acre density allowance.

Infrastructure and Transportation
The City is more well connected than ever. Miami Central as the station for the new Brightline train service connects the Downtown core like never before with direct and quicker access to Aventura, Fort Lauderdale, West Palm Beach, and Orlando. Metromover further connects the central business district with a free mass-transit solution which connects the Central Business District to Brickell and the Arts & Entertainment District with the possibility of further expanding to Miami Beach, Wynwood, and the Design District. Metrorail also converges into the Miami Central station and connects Downtown to South Miami and the Miami International Airport. I-95 and I-395 converge in Downtown Miami as the main interstate arteries giving quick vehicular access to the most traveled places in the metropolitan statistical area.

A place to live and visit
Projects such as Miami Worldcenter and Met Square are quickly changing the appeal of the urban core by bringing shopping and entertainment. The area is also home to the Miami Heat's FTX Arena, Perez Art Museum Miami, Miami-Dade College, and Bayside Marketplace. At the center of it all lies East Flagler Street which is in the midst of an infrastructure project to revitalize and beautify the street by turning it into a pedestrian oriented boulevard while it improves on serving future development projects. The Flagler Beautification Project, privately and publicly funded, will make Flagler one of the most walkable streets in the city.

The Opportunity
Downtown Miami’s Central business district is a prime market for redevelopment opportunities due to its high intensity zoning and the city and county's infrastructure projects. The area has benefited from a surge of construction activity towards mixed-use multifamily projects which include retail, hence encouraging more walkable streets. Many multinational companies and startups are choosing Miami as their place of business due to 231 East Flagler sits at the center of all these changes and is poised for success for a developer to contributie the vision to the Miami skyline.