Shovel-Ready Development Site In Edgewater Hits The Market For $15M
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
Mast Capital submitted site plans for a master-development totaling 2.6 million square feet.
The Castle Beach Club site represents the rare opportunity for developers to build a project that would re-shape the Miami Beach Skyline.
In addition, Berkadia lined up a $280.3 million loan for the acquisition.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
Echelon Fitness is set to occupy 10,035 square feet.
The site is currently zoned for T6-24A-0, which will allow for a building up to a height of 48 stories. The site is also located within a federally designated Opportunity Zone.
Metro Parc will be a 3.26-acre project that will consist of two, mixed-use tower buildings that will feature 560-units of rental apartments comprised of studios, one-bedroom/one bath, and two bedroom/ two bath ranging from 500 square feet to 1000 square feet.
The project is slated to include 1,333 residential units, 41,438 square feet of commercial-retail uses and parking for up to 2,589 vehicles, and have 108 bike racks.
Sageblan Investments acquired the SunTrust Parking Garage which is entitled for up to 800 residential units, 120 hotel keys, and 7,205 square feet of retail space
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