75 NE 17th Ter - Commercial LAND FOR SALE


Miami, FL 33132- Edgewater320,166 SF
$150,000,000 USD
305-613-4507
75 NE 17th Ter, Miami, FL for Sale
$150,000,000 USD
Commercial LAND - FOR SALE
1/16
320,166 SF

75 NE 17th Ter
Miami, FL 33132
Edgewater


HIGHLIGHTS

  • Institutional-scale assemblage in Miami’s Urban Core
  • Rare ±7.35-acre infill site in Edgewater
  • High-density zoning with 500 units per acre potential
  • Opportunity Zone & Live Local eligible
  • Located in the path of major urban growth
  • Significant long-term land appreciation fundamentals

OVERVIEW

Seventeen Edge represents a rare ±7.35-acre (±320,000 SF) urban infill development opportunity in the heart of Edgewater / Omni, one of Miami’s fastest-growing high-density corridors. The property is zoned T6-24A-O (Urban Core) under Miami 21 and is located within the Omni Residential Density Increase Area, allowing up to 500 dwelling units per acre. By-Right Zoning (Miami 21 – T6 Urban Core): • Floor Lot Ratio (FAR): 7.0 (˜2.2M SF by right) • Maximum Height: 24 stories (up to 48 stories with benefits) • Maximum Residential Density: ~3,600+ units • High-rise residential, hotel, retail, office, and mixed-use permitted • 80% max lot coverage (lower above 8th story) • 10% minimum open space A 2015 baseline feasibility concept demonstrated the viability of a large-scale mixed-use program including three residential towers (~1,000 units total), a ~300-key hotel, ~50,000 SF of retail, and structured parking. This reference concept was designed under base zoning and does not reflect the materially expanded potential available today through overlays and state legislation. Omni Residential Density Increase Overlay (500 Units per Acre): The site is located within the Omni Residential Density Increase Area under the Miami Comprehensive Neighborhood Plan. This overlay materially enhances unit yield and tower flexibility compared to surrounding submarkets. Live Local Act (SB 102 / SB 328) – Significant Upside Potential: The property qualifies for consideration under Florida’s Live Local Act framework, which may allow: • Density equal to the highest permitted in the municipality • FAR up to 150% of highest municipal FAR (subject to program compliance) • Height up to maximum permitted within a 1-mile radius (subject to adjacency limits) • Administrative approval pathway • Reduced parking requirements for transit-oriented locations • Up to 60% market-rate for-sale condominium component • 75%–100% property tax exemptions for qualifying affordable units Under Live Local parameters (subject to compliance), development potential may expand materially beyond by-right zoning, including up to 11.5 million SF of building area and FAA height limits of 649’. Overlay & Location Advantages: • Transit Corridor • Transit Oriented Development (TOD – parking reductions) • Rapid Transit Zoning (RTZ) applicable through County • City Future Land Use: General Commercial • FEMA Flood Zone X (0.2% annual chance flood hazard) • FAA Height Limitation: 649’ Strategically positioned between Midtown Miami, Downtown Miami, and Biscayne Bay, Seventeen Edge offers one of the few remaining large-scale assemblages capable of supporting institutional mixed-use development at scale. This offering presents developers, institutional investors, and mixed-use operators the opportunity to capitalize on Miami’s pro-growth zoning framework, density overlays, and state-level housing incentives in a high-barrier-to-entry urban core location

FOR SALE DETAILS

PRICE

$150,000,000 USD

PRICE/ACRE

$20,408,163/AC

PRICE/SF

$469 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Seventeen Edge

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Hotel

LAND ACRES

7.35 AC

LAND SF

320,166 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

T6-24 O

APN/PARCEL ID

01-3136-091-0010

ASK ABOUT THIS PROPERTY

Virgilio Fernandez, CCIM, MSIRECushman & WakefieldMore Info
305-613-4507

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Virgilio Fernandez, CCIM, MSIRECushman & WakefieldMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.