WATERFRONT SITE WITH SPECTACULAR VIEWS The Kings Point Imperial site is a rare opportunity to acquire and redevelop just under 2 acres of waterfront land. The site enjoys 550 linear feet on the Palm Waterway. The property enjoys expansive view corridors of the Atlantic Ocean to the East, the Sunny Isles Beach skyline to the North, the Intracoastal Waterway and Oleta River State Park to the West and South. PROXIMITY TO AMENITIES Centrally located between Miami and Fort Lauderdale, residents will enjoy easy access to some of South Florida’s best amenities. Apart from the pristine beaches, state parks and bike/walk paths a few steps away, residents have access to 3 full-service marinas nearby. Sunny Isles Beach is also home to world-class shopping and dining at Bal Harbour Shops and Aventura Mall as well as other local cafes and bars. ESCALATING PRICING AND MARKET NICHE FOR BOUTIQUE DEVELOPMENT The influx of wealthy residents continues to drive new condominium pricing. Preconstruction pricing of new condominium units in nearby developments such as Bentley Residences and the St. Regis Sunny Isles start at $4 million. This creates tremendous headroom for a boutique Intracoastal development. The zoning of the Kings Point Imperial site allows for the redevelopment of up to 218,028 square feet of FAR. This development could be positioned as a rare new boutique building with less than 100 units, offering residents a generously sized units with a sense of privacy and exclusivity, while allowing a developer to achieve presales and execute the project on an accelerated timeline.