This document summarizes the details of a development opportunity for a 26,600 square foot parcel of land located at 200 SW 8 St in Miami, Florida. Key details include:
- The parcel is located one block from Brickell City Center and has potential for 240 hotel rooms or 120 residential units with commercial/retail space.
- It is a strategic high traffic corner lot facing the main entrance to downtown Miami from I-95.
- Zoning allows for development up to 24 stories or a bonus of up to 48 stories through a public benefit program. Current density allows for 500 units per acre.
- The site offers the last available corner for sale and presents an opportunity for immediate commercial, hotel
1. 200 SW 8 St Miami, FL 33130
Folio#01-0205-080-1010
One block from Brickell City Center .
Potential for 240 Hotel Rooms or 120 Residential, Commercial,
Anchor retail development..
Prime Development Brickell
26,600 SF Strategic High Traffic Corner
C. 786.376.7442 | O. 305.856.2600
paovzq@hotmail.com | pmercado@fir.com
2666 Brickell Avenue | Miami, FL 33129
SENIOR COMMERCIAL SPECIALIST
PAOLA VAZQUEZ DEL MERCADO
Exclusively Offered by:
2. WENDYS
Brickell City
Center
Aerial Views:
Land Description Opportunity:
1) Last corner available for sale on the entrance of financial district mixed -use site.
For inmediate Commercial, Hotel and /or Residential development.
2) Wendy`s Lease Expiration 2019 no more options.
3) Environmental Phase I and Phase II and Survey upon execution of contract.
4) Possibility to aquire additional 35,500 SF contiguous land .
Access:
Main entrance to financial district Brickell to 1-95 intersection. Facing 2nd Ave connecting directly to
Downtown.Easy access from Metro mover and Metro Rail .
Brickell retail at premium, with rents doubling in a year (see attached retail report)
3. Facing West entrance from 1-95.
Facing North direct connection to Downtown thru 2nd Ave.
DOWNTOWN
BRIDGE 2ND AVE
1-95
Facing East
<Brickell
City Center
4. Zoning Code : T6-24-0
Land: 0.61 AC Level. Land SF Gross: 26,600. Adjusted Area SF: 3,224
Lot Occupation:
a. Lot Area 5,000 sq ft. min; 100,000 sq ft.max
b.Lot Width 50 ft.min.
c.Lot Coverage 1-8 stories 80% max; Above 8th story
15,000 sq.ft max.floor plate for Residential & Lodging.
30,000 sq ft max. floor plate for Office & Commercial
d.Floor Lot Ratio (FLR) 7/30% additional Public Benefit
e. Frontage at front setback 70 %
f. Open Space Requirements 10 % lot area min.
g. Density 150 du/acre max
Building Setback
a.Principal Front 10 ft min
b.Secondary Front 10 ft min
c.Side 0 ft.min;30 ftmin. above 8th story.
d. Rear 0 ft.min 30ft.min,above 8th story
0 ft.min.1rst through 5th story.
The site offers prospects the ability to develop according to Miami 21 .
Miami 21 is the City of Miami`s recently (2010) adopted overhaul to the zoning code. This code promotes a
more sustainable and pedestrian friendly plan for the city. Especially at the core.
T6 The Urban Code:
Consist of the highest density, and greates variety of uses including, civic buildings of regional importance.
A network of small blocks has thoroughfares with sidewalks with steady tree planting and buildings set close to
the frontage with frequent doors and windows.
Approved usage T6-24: Twenty four (24) Story Maximum,, Bonus to forty eight (48) Stories, FLR 7,
Bonus of 30% public benefit program.
Public Benefit Program:
The intent of the Public Benefit Program established in this section is to allow bonus Building Height and FLR
in T6 Zones and bonus building on D1 Zones in exchange for the developer`s contribution to specified programs
that provide benefits to the public.
The bonus height and FLR shall be permitted if the proposed Development contributes toward the specified
public benefits,above which is otherwise required by this code in the amount set forth herein.
Current Density 500 units / Acre.