Descriptif

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in 3030 Coral Way, a 0.82-acre infill development site in Miami, FL.

A rare development opportunity along Coral Way, the Property is a highly visible site in a coveted location just blocks from Downtown Coral Gables. The outstanding fundamentals of the Coral Gables submarket, which feature a robust office market, world-class retail, and one of the most affluent resident bases in South Florida, support a variety of residential and commercial development options, further bolstered by the site’s high-profile location.

Developers have the opportunity to capitalize on the success of boutique new construction projects, both residential and commercial, in Coral Gables and nearby Coconut Grove. While a boutique mixed-use, residential, or commercial project can be developed as-of-right under current T5-O/T4-O zoning, developers also have the option to pursue approvals through the Live Local program which allows for additional height, FAR, and up to 1,000 units per acre of residential density.

Development sites along Coral Way are scarce. 3030 Coral Way presents the unique opportunity to define a project that will become a feature of one of the most recognized streets in Miami, with the location and market fundamentals to support virtually any use.

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Attributs

Superficie du terrain brute

0,33 ha

Média

Points forts de l'investissement

Extremely rare 0.82-acre infill development opportunity along Coral Way.
Blocks from Downtown Coral Gables and its renowned “Miracle Mile” commercial center.
Surrounded by one of South Florida’s top residential markets and a thriving office market.
Immediately accessible to Downtown Coral Gables, Brickell, and Coconut Grove.
Ideal location for a boutique residential or commercial project with the ability to pursue additional development scale through Live Local.
Scarcely available development opportunity along one of Miami’s most recognizable thoroughfares.
Insulated from competition and oversupply by high barriers to entry.
One of the most in-demand addresses for discerning residents and commercial tenants.