Colliers Facilitates Sale Of 0.95-Acre Transit-Oriented Development Site In Hialeah

As transit-oriented sites attract South Florida developers, Colliers closed on the sale of Metro 1025, a 41,751-square-foot development site located at 1033 E 25^th Street in Hialeah.

The shovel-ready property is located half a block from the intersection of the Metrorail substation and the Tri-Rail Metrorail Transfer Station. Colliers Vice President Virgilio Fernandez represented the undisclosed buyer and seller in the transaction.

“Upon successfully marketing the property, we achieved record pricing per approved unit for the area, raising the price to $50K per unit,” said Fernandez. “The submarket is experiencing increased interest from developers in locations close to the Metrorail, providing central positioning and minimal vacancy rates.” 

After the execution of a formal marketing process, one of the property’s co-owners exercised their right of first refusal, acquiring their partner’s interest. Located in the Hialeah Transit Station TOD District, the site was rezoned to transit-oriented development, allowing up to 151 apartment units and eight stories. The buyer received final site plan approval and a complete set of entitlements from the City of Hialeah to build the multifamily project.

Miami-Dade County’s regional growth and transportation strategy majorly focuses on transit-oriented development. As the county grows, SMART Plan corridors/stations are expected to absorb substantial portions of new development, offer high-value investment opportunities, and bolster tax revenues to sustain public services with 107 planned stations across seven corridors. Developers are flocking to Miami Dade’s transit corridors because of the attractive and profitable opportunities backed by the growing transit network, supportive regulatory framework, and diverse population. The county has invested in expanding and improving transit with projects like Brightline, the Underline, and the SMART Plan, in addition to creating the Rapid Transit Zone ordinance, which allows higher density and mixed-use development near transit stations.

The Hialeah Transit Oriented Development Plan is already underway in the community, intending to create two compact, walkable, 24-hour mixed-use districts to foster economic development. The plan focuses on reducing traffic congestion, increasing access, and improving air quality.

Conveniently located right off the main east-west corridor, the property provides direct access to a dense commercial and residential neighborhood surrounded by a multitude of major retailers, including Walmart Supercenter, Wingstop, Walgreens, Pollo Tropical, Wendy’s, and Foot Locker. Located in the Hialeah submarket, the property is close to the Hialeah Hospital, Hialeah Racetrack, and various medical centers, including Leon Medical Centers. Residents enjoy connectivity to every thoroughfare, including the I-75, Palmetto Expressway, Florida’s Turnpike, and U.S. 27.