Description

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in 3350 Biscayne, a premier 0.85-acre infill development site in Edgewater, Miami, FL.

Driven by its superior connectivity to the business centers of Brickell and Downtown, its high walkability, and its proximity to major retail destinations in the Design District, Midtown, and Wynwood, Edgewater has become a magnet for young professionals and families. The resulting residential boom has transformed the neighborhood into one of Miami's most dynamic and sought-after submarkets.

3350 Biscayne is a unique opportunity to pursue a high-intensity development in the neighborhood's premier corridor. The Property is site plan approved for a 499-unit project through the Live Local Act, while base zoning, previously transferred development rights, and the Edgewater Intensity Area bonus allow for as-of-right development of up to 300 residential units. Pursuing a 300-unit project would amount to a reduction in density from the approved plans, streamlining the approval process. Alternative development options include up to 600 hotel keys and 500k+ SF of office space as-of-right.

Located in an Opportunity Zone, 3350 Biscayne provides the opportunity for long-term investors to capitalize on the neighborhood's upward trajectory while benefitting from valuable tax incentives.

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Attributes

Land Area (Acres)

0.85 Acres

Land Area (SF)

36,998 SF

Approved Plan

499 Units (Live Local)

As-of-Right Density

300 Units

Zoning

T6-36A-O

Media

Investment Highlights

Rare 0.85-acre infill development opportunity in one of the fastest growing areas of urban Miami.
Located in an Opportunity Zone, providing significant tax savings to long-term investors.
Adjacent to Midtown Miami, a 57-acre master-planned mixed-use neighborhood with 350,000 SF of walkable retail.
Neighboring some of Miami’s highest-performing multifamily projects, including FORMA Miami with $6.00+ PSF rents.
Site plan approved for a 499-unit residential project through the Live Local Act.
Up to 300 units available as-of-right through bonuses and transferred development rights.
Blocks from the ultra-luxury Design District with world-class retail and fine dining.
The ideal location for urban professionals, only 10 minutes from Miami’s business districts of Brickell and Downtown via direct access to I-95.
Projected for population growth of 32% over the next 5 years as Edgewater cements its position as Miami’s urban residential neighborhood.