Little River Momentum Builds With $7 Million Development Site Sale In Miami

As Little River’s investment market builds momentum, propelled by its strategic connectivity, adaptive zoning, and large-scale redevelopment efforts reshaping Miami’s urban landscape, Colliers closed on the sale of Little River 75, a 46,642-square-foot development site made up of five contiguous parcels for $7 million.

Located at 7400-7410 NE Miami Court, 40 NE 75th Street, and 19 NE 74th Street, the site is situated in the heart of Miami’s rapidly evolving Little River neighborhood.

Colliers Vice President Virgilio Fernandez and Associate Alain Crego represented the seller, Robinson Julien, in the transaction. The buyer, Newgard Development Group, was self-represented in the purchase of the site.

“Achieving record land pricing, this sale highlights the surging demand for Miami’s emerging districts, with Little River at the forefront,” said Fernandez. “As the submarket continues to expand beyond its traditional cores, Little River is solidifying its position as one of South Florida’s most dynamic and compelling development corridors.” 

Little River 75 is a nearly full-block assemblage strategically located at the corner of 75th Street and North Miami Avenue, providing unmatched visibility and connectivity. The property is situated just steps away from the Little River and Magic City Innovation Districts, offering direct access to major roadways and proximity to Miami’s Urban Core, Design District, and Wynwood. Its position as a powerhouse submarket at the center of Miami’s growth allows it to benefit from ongoing public and private investment, making it a prime location for transformation.

The D1-zoned site offers scale and flexibility for multiple development pathways. The site’s zoning allows for commercial, creative, office, showroom, and specific residential and industrial uses by right. The property also qualifies for Live Local Act incentives, unlocking potential for high-density residential development with reduced parking and height requirements. Additionally, its Opportunity Zone designation provides substantial tax advantages. Together, these attributes make Little River 75 an exceptional candidate for ground-up redevelopment, with the ability to capture both immediate and long-term value.

Newgard Development Group, founded by Harvey Hernandez, is a real estate developer specializing in high-impact, luxury projects that shape modern urban living. With over 50 years of combined expertise in development, design, marketing, and construction, the firm delivers $50M to $1B mixed-use, residential, and hospitality destinations in walkable, connected neighborhoods. Each project emphasizes architectural integrity, purposeful amenities, and long-term value while remaining rooted in lifestyle and community.

Little River is undergoing a transformative revitalization, led by SG Holdings’ $3 billion Little River District, the largest affordable housing initiative in Miami-Dade County. This 63-acre development will deliver over 5,700 residential units, 370,000 square feet of retail, and a new Tri-Rail station, reinforcing the area’s connectivity and livability. Currently, 191 multifamily units are under construction and 348 are proposed, signaling strong development momentum. As a federally designated Opportunity Zone, Little River offers investors compelling tax incentives. Its strategic location just east of I-95 and minutes from Wynwood, the Design District, and Upper Buena Vista enhances its appeal, blending walkable neighborhood charm with urban accessibility. With rising property values and sustained demand for affordable and workforce housing, Little River offers a resilient and scalable investment landscape that aligns with long-term growth trends.