Description

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in Sunnyside Development Site, a 7.89-acre infill development site in Miami, FL.

A rare Miami infill site with the size and entitlements to pursue large-scale development, Sunnyside Development Site spans 7.89 acres and has site plan approval for a 608-unit multifamily community with the optionality for phased development and adjustments to the project as per right. While in-place approvals provide an expedited path to groundbreaking, the Property's scale and zoning permits development optionality for an incoming developer, including the ability to program a fully surface-parked development or max-out the as-of-right density at 631 units.

Located along Southwest 8th St / Tamiami Trail in West Miami bordering Coral Gables and Westchester, the Property sits in a high growth corridor radiating west from Miami's urban core where escalating pricing continues to push demand outward. The West Miami submarket offers an attractive alternative to the high prices of urban Miami without sacrificing accessibility. Fronting a continuous eastwest spine into Coral Gables, Brickell, and Downtown, the Property's central location offers easy access to the CBD and throughout the Miami-Dade metro at an attainable basis.

Capital continues to flow into the submarket as evidenced by the $1 billion Miami Freedom Park and Nu Stadium just minutes from the Property and recently opened in April 2026. Sunnyside Development Site offers a unique opportunity to catch the submarket's upswing.

...

Caractéristiques de l'actif

Address

6020 & 6024 Southwest 8th Ave, Miami FL, 33144

Taille du terrain Brut

3,19 hectare

Square Footage

343,843 SF

Zoning

Corridor Residential

Approved Development

608 Multifamily Units + 13,790 Commercial SF

Maximum Residential Density

631 Units

Média

Points clés d'investissement

An increasingly rare 8-acre infill development of scale in the Miami metro.
Site plan approved for a 608-unit multifamily development with optionality for phased development.
A large format site that permits development flexibility with or without structured parking.
Covered land generating NOI of over $700,000 without long-term encumbrances.
A highly attractive basis play to capture renters priced out of Miami’s urban core.
Centrally located with seamless access to Coral Gables, the Miami CBD, Miami International Airport, and the Dolphin and Palmetto Expressways.
Minutes from one of South Florida’s most exciting new public developments, the $1B Miami Freedom Park.
Ideally positioned to deliver a new Class A project of substantial scale without the need for assemblage or rezoning.