Posted Jan 30, 2024, 9:20 PM
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Registered User
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Join Date: Nov 2020
Location: Florida
Posts: 1,442
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MIAMI | 201 SW 8th Street (Brickell Connect) | FT | 48 FLOORS
201 SW 8th Street (Brickell Connect)
*Potential proposal if the buyer goes through with the current plans.
https://www.crexi.com/properties/133...ickell-connect
Specifics:
Quote:
The site has recently realized Rapid Transit Zoning, leading to a significant increase in development density, allowing for 500 units per gross acre with no ceiling on the Floor Area Ratio (FAR), thus enabling development with unlimited intensity. This upzoning, calculated on 3.1 Gross Acres, allows for a total development of 1,550 units.
The owner has proposed plans for a 51-story mixed-use tower, which will cover over 3,000,000 SF, include 1,550 units, and reach a height of 48 stories. The prospective purchaser can assume these existing plans and continue the entitlements.
Brickell Connect offers a rare opportunity to acquire an income-producing, covered land, and an unmatched development site; one of the few remaining in the Brickell Financial District. Brickell Connect is more than just a site for development; it is a unique opportunity to be a part of crafting Miami’s skyline and contributing to its dynamic future.
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