MIAMI—With more investors are looking for transit-oriented development opportunities, Keating Resources may fetch top dollar for its 20.57-acre site in Hialeah. The company is marketing the Market Station Development Site for a mixed-use, transit-oriented development.

The industrial site sits at 725 Southeast 9th Court. That's less than a mile from the Hialeah Market Station/Tri-Rail Station. The City of Hialeah in November approved a proposed resolution to amend the Comprehensive Plan and Zoning Code to allow for a Transit Oriented Development Overlay District (“TOD”). The TOD aims to promote and encourage pedestrianism, mobility, and transit ridership through vertical and horizontal mixed-use development.

“As we have seen in Doral, Miami's recovery and land boom is reverberating in areas just outside the urban core where the multifamily fundamentals are strongest, and Hialeah is home to some of the best multifamily market fundamentals in South Florida,” says Gerard Yetming, senior vice president at CBRE who is marketing the property. Thanks to the new zoning, the site now could be redeveloped into large-scale, mixed-use transit project in one of Miami's most populous suburbs.