Shovel-Ready Development Site In Edgewater Hits The Market For $15M
Marcus & Millichap has been awarded the exclusive listing for the shovel-ready, Edgewater Development Land Project, a 30,056-square-foot property located in Miami.
The asset is listed for $15,000,000.
Ahmed Kabani and Suraj Dalal of the Kabani Hotel Group have the exclusive listing to market the property on behalf of the Miami-based seller.
“This opportunity provides investors with a rare chance to break ground immediately after acquiring and begin vertical development in the Edgewater District, one of the hottest markets in the country,” noted Kabani.
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support. The parcel, located at 410 NE 35th Terrace, features two fully-entitled and permitted development options including the Bentley Residences and Kimpton Hotel. The Bentley Residence is a 36-story Marriott Autograph Collection Condo-Hotel with over 400,000-square-feet and 325 hotel keys by architect Kobi Karp. The Kimpton Hotel consists of 206 hotel keys and is full service with over 200,000-square-feet.
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