1.24 Acre Miami River Development Site Hits The Market
The site’s zoning allows for 44 units, three stories in height, with a total buildable area of 126,341 square feet by right.
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The site’s zoning allows for 44 units, three stories in height, with a total buildable area of 126,341 square feet by right.
Jeffrey Cebula, Senior Associate of the firm’s Tenant Representation Division, finalized the lease transaction on behalf of the tenant.
Brian Gale and Edward Quinon of Cushman & Wakefield represented the landlord in the lease negotiations. Holland & Knight LLP was represented by Todd Lippman and Shay Pope of CBRE.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
University Station will provide 216 units of workforce housing, a 635-space parking garage, and a new home for Barry University College of Nursing and Health Services.
Firm CEO Jaime Sturgis and COO Kaley Tuning exclusively represent Bahia Mar’s ownership, led by developer Jimmy Tate, in leasing Marina Village.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, District Pointe, LLC, in the lease negotiations. Derek Baker of Colliers represented the tenant.
Built in 2004 on 1.41 acres, the property is an outparcel to Kendall Pointe, a shopping center with several national retailers including Aldi and PetSmart.
The project was partly funded through Miami-Dade County’s Public Housing and Community Development Department with $2.5 million in surtax funds. Completion of phase 1 is expected during the fourth quarter of 2024.
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