322-UNIT EDGEWATER DEVELOPMENT SITE

Nestled in the heart of Miami’s vibrant landscape, 1801 NE 4th Avenue stands as a testament to unparalleled opportunity.Spanning across a generous 14,088 Sq. Ft. lot, this property boasts18 units and is graced by a zoning status of T6-36A-L, a gateway to high-rise development and short-term hospitality in the illustrious Miami-21 zoning landscape. The site is located in a Transit OrientedDistrict. Thus, there are no parking requirements for micro units400 Sq Ft or smaller.

Situated within the dynamic confines of the OMNI CRA, this gem carries a zoning underlay that beckons as per right : in concerto with Live Local, the ability to build 322 micro units, with no parking requirements, 60% Market rate and 40% affordable to tenants earning up to 120% of the Area Median Income (AMI). In this case- $2126 max for studios. Coming out to $5.50/Sq Ft in rent.