The development offers 58 bespoke two- to five-bedroom residences, ranging from 1,900 to more than 6,500 square feet, as well as 25,000 square feet of curated retail anchored by a world-class restaurant.
The property is 97% leased and anchored by Publix, which completed a full knock-down/rebuild of its store in 2022, expanding the premises to 48,387 square feet and signing a new 20-year lease term.
The entire site encompasses 228,355 land square feet and 435 feet of frontage along South Dixie Highway, and includes a 4-story office building.
The assemblage consists of 11 contiguous parcels spanning block to block from W. Flagler Street to SW 1st Street.
Key tax incentives were passed this year that played a pivotal role in the acquisition, enabling the buyer to capture accelerated tax benefits and expand their portfolio of income-generating real estate assets.
The property is currently available for sale or joint venture partnership, represented exclusively by Michael D. Hinton, CCIM, of Lee & Associates South Florida.
The lot, located at 3000 SW 28 Street in Miami, is currently occupied by Farrey’s Lighting & Bath, a 100-year-old family-run business.
The project is designed to alleviate traffic by bringing jobs and entertainment closer to home.
The 92,089-square-foot retail center is 100% leased and anchored by Milam’s Market, Walgreens, Orion Fuels and Ace Hardware.
The dining venue will span over 20,000 square feet across three levels of indoor and outdoor space.