NE 29th Street, Miami, FL 33137

Colliers International, as exclusive marketing advisor is pleased to present the opportunity to acquire the Edgewater 29 Assemblage. This assemblage consists of 50,750 SF (1.17 AC) development site in the center of the Edgewater neighborhood of Miami. The site is zoned T6-36A-L, which allows a developer to build up to 16.8 times the property land square footage or 852,600 gross square feet and 60 stories (including bonuses). The allowed density for this zoning code is 150 units per acre or 174 residential units (349 hotel units). Greater Downtown Miami, including Edgewater, is undergoing significant development with four massive mixed-use projects planned or under construction. These developments are located within 2 miles of the Edgewater 29 Assemblage.

In addition, within walking-distance, the Wynwood neighborhood of Miami has exploded overnight with new retail and residential projects being announced every month. At a central point in the path of Miami’s urban growth, Edgewater 29 represents an excellent opportunity to capitalize on the growing neighborhoods of Wynwood, Midtown, Omni, and Edgewater.

The Edgewater submarket has been rapidly assembled by multiple developers during its recent construction boom. There is currently a shortage of large-scale development sites in this area. Edgewater 29 represents a rare and highly sought-after assemblage with valuable mixed-use development.

Lot Size: 50,750 SF (1.17 AC)
Zoning: T6-36-A L
Story Height Limit: 36 (60 with bonuses)
Residential Units: 174 (349 hotel units)
Build Up to With Bonuses: 852,600 SF
Asking Price: $14,000,000