The Porosoff Group of Compass Commercial is proud to present the “Fulford by the Sea” development site, which consists of two properties, 1630 NE 164th Street and 1640 NE 164th Street. The combined lot size is 51,100 SF (1.17 Acres). The two properties both sit in the Fulford Mixed-Use Town Center district, which is a new rezoning by the North Miami Beach CRA.
The Fulford Mixed-Use Town Center District allows higher density multifamily and heights of up to 20 stories or 255 feet for these sites. There have been several large-scale 20+ story apartment buildings proposed and approved in the city of North Miami Beach in the same Fulford Mixed-Use District, which shows the strong public support and demand for new multi-family development in this area of North Miami Beach. The intent of the Fulford Mixed-Use District is to enable transit-oriented development that contributes to the creation of an urban downtown and the formation of a quality pedestrian-oriented mixed-use district.
On this assemblage, based on similar project approvals in North Miami Beach with 400 unit/acre multifamily density, this site would allow 469 units with a minimum average size of 800 SF this would bring the total net rentable square footage of the project to 375,200 SF in addition to common area space and structured parking.
North Miami Beach is located midway between Miami and Fort Lauderdale and adjacent to the Golden Glades Interchange where I-95, Florida’s Turnpike, and the Palmetto Expressway meet; North Miami Beach is truly at the “Crossroads of South Florida’. The central location and easy access have given North Miami Beach a steady stream of large-scale development projects. Many shoppers and commuters find they can reach North Miami Beach from virtually all South Florida in less than 30 minutes. North Miami Beach is a great location for prospective homeowners who can find everything from cozy starter homes to elegant waterfront properties, condominiums, and full-service rental apartment communities.
1630 Northeast 164th Street
1640 Northeast 164th Street
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