Avison Young to market ±80-acre waterfront mixed-use development site on Biscayne Bay in Miami, Florida

Fully entitled site is one of the largest contiguous redevelopment opportunities in Miami-Dade County

Global real estate advisor Avison Young has been tapped to market Laguna Vista, an ±80-acre mixed-use waterfront development site located on Biscayne Bay at 17777 Old Cutler Road in the Palmetto Bay submarket of Miami, Florida for sale. The fully entitled site is one of the largest contiguous redevelopment opportunities in Miami-Dade County, offering the opportunity to establish the first integrated mixed-use destination in South Dade.

Avison Young Principals Michael T. Fay, who is also the Chairman of Avison Young’s U.S. Capital Markets Group Executive Committee; John K. Crotty; David Duckworth; Brian C. de la Fé; and Associate Philip Shapiro are leading marketing efforts on behalf of the seller.

Currently home to a 315,000 square-foot three building office complex, Laguna Vista is fully entitled to 413 multifamily units, 42 townhomes, a 120-key hotel, 280,000 sf of retail and 315,000 sf of office space. The bespoke master plan was designed by the award- winning minds behind Alys Beach, Seaside and the Miami Design District to create a walkable bayfront community where living, work and leisure converge by the water’s edge.

“The opportunity that Laguna Vista presents is rare in today’s market: a large waterfront canvas with usable infrastructure in place ready for near-immediate vertical development, in one of South Florida’s most affluent submarkets,” said Fay. “The community-first program prioritizes a walkable layout to deliver the region’s first integrated town center.”

Strategically positioned near Coral Gables, Dadeland, Brickell and the South Miami-Cutler Bay corridor, Laguna Vista benefits from excellent connectivity via South Dixie Highway, Old Cutler Road, SW 136th Street and the Palmetto Expressway. Palmetto Bay, Pinecrest and southern Coral Gables’ top-performing schools, executive-level housing and a low- density, park-rich setting consistently attract professionals and long-tenured families valuing privacy and a high quality of life.

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