MIAMI—One of the last full-block development sites in the City of Miami just hit the market. Located at 1950 Northwest 1st Avenue, the property is just south of the Wynwood Art District and Midtown Miami, and west of Biscayne Boulevard and the Performing Arts District. That officially puts the land within the Omni CRA.
David C. Metalonis, senior vice president and partner at Colliers International South Florida, listed the property. A call for offers has been set for May 9, 2013.
The 2.47-acre site is zoned T6-8-0 which allows for up to 12 stories in height, 674,025 square feet of total gross floor area, and residential development of up to 370 units. With existing Major Use Special Permits (MUSP) already approved for a proposed 311-unit mixed-use project called Avenue One, the site is ready for immediate development.
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