24.5 acre multifamily development, zoned PUD Residential Medium Density (up to 20 UPA). Property is located within the highly desirable Beaches submarket, which is currently 96% occupied. Pricing guidance is $14,500 per unit.
24.5-acre multifamily development site
Upland area totals 20± acres
Zoned PUD Residential Medium Density (up to 20 UPA)
Submittal of PUD application + site plan approval required
Property located within the highly desirable Beaches submarket
Beaches Product (1 to 5 years) ~ $1.77 Avg. p/SF Rental Rate
Beaches Class “A” Product Overall ~ $1.28 Avg. p/SF Rental Rate
Beaches submarket currently 96% occupied
Beaches submarket annual rental rate growth ~ 4.8%
Pricing Guidance ~ $14,500 per unit; Pricing includes pre-paid concurrency/mobility fees
