Brickell Line Tower
Miami, Florida
Building
Stats
- Property Type Land - Other
- Size (Ac) 1.02
- Price $70,000,000
Overview
Avison Young is pleased to exclusively offer for sale Brickell Line Tower, a ±1.02 acre mixed-use development opportunity in the heart of Miami's Brickell neighborhood. The Property, the former Mexican Consulate, offers generous zoning of T6-48B-O and is located within the Brickell Overlay and qualifies as a Transit Oriented Development (TOD). These designations allow for a wide range of uses, a total buildable footprint of ±1.2 million square feet, and a maximum height of 80-stories inclusive of bonuses. World-class connectivity and immediate access to key employment centers makes this opportunity an exceptionally rare blank canvas to construct of South Florida's most iconic and centrally located developments.
Highlights
- Excellent Location & Connectivity
The Property is located on the west side of S Miami Avenue, between SE 13th Street and SW 14th Street. The immediate area surrounding the Property offers future residents a plethora of conveniences including a thriving nightlife scene, with numerous bars, restaurants, and entertainment options, some of Miami's best shopping, including the luxury retail center, Brickell City Centre and easy access to public transportation and major highways, making it easy to traverse the city's most desirable areas. The direct connectivity allows future residents quick transport to Downtown, Coconut Grove, Coral Gables, South Beach, the Design District, and the Miami International Airport, all within just minutes. The immediate demographics, job market, and 24-hour atmosphere add to the persona that makes Brickell, the premier Live, Work, and Play neighborhood in Miami.
- Ideal Zoning
With over an acre of aggressively zoned land offering up to 1.2 million square feet of buildable space in the heart of Mimai's Financial District, developers will enjoy massive flexibility to construct an enormous project - permitted uses include residential, hospitality, retail, and office, among others. In-place zoning allows for over 500 residential units and height restrictions of 80-stories via bonuses. Development potential on the site could be further increased via 50% density transfer which would allow up to 765 units. In a market where condominium sales and commercial rents are constantly reaching new highs, this opportunity truly presents a one-of-a-kind, blank canvas opportunity to develop an iconic trophy project in the heart of on the country's most desirable and constantly evolving markets.
- High Barrier to Entry
Brickell is the most desirable submarket in Miami for new development. Favorable weather, a business-friendly environment, and immense in-migration have continued to propel Brickell and Greater Miami to status as a major metropolitan city and crucial trade hub, on par with New York, Chicago, and Los Angeles. Brickell has remained the top benefactor of this migration and continues to ink new record-breaking leases and garner significant global attention. Additionally, the lack of aggressively zoned and ideally located urban infill sites makes this opportunity one of the last remaining development sites of scale in Brickell. Due to this demand and lack of supply, opportunities such as Brickell Line Tower, continue to grow increasingly rare.
