Omni Site Hits Market At $24 Million

Marcus & Millichap has retained the exclusive listing for 1530 NE Miami Place, a 1.57-acre, 68,600-square-foot development site in downtown Miami’s Omni area, according to a release.
The price is $23,942,300.
Ryan Shaw, associate vice president investments, and Paul Nudelman, senior associate, in Marcus & Millichap’s Miami office, are representing the sellers.
 

“The site is located across the street from a Metromover station and is surrounded by new development, including two high-rise towers, the 36-floor, 513-residence Canvas project, and Opera Plaza, which will have 36 floors, 497 residential units and 8,500 square feet of retail,” says Shaw. “The property is currently zoned T6-24, which allows for a 24-story building with approximately 480,200 buildable square feet, but the area also offers an overlay to the zoning that allows for 500 units per acre, which would equate to approximately 787 units.”

The site is blocks from Miami Worldcenter, American Airlines Arena, and the Adrienne Arsht Center for the Performing Arts.
 

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