Seize this rare, shovel-ready mixed-use apartment development opportunity on a 4.28-acre parcel at the gateway to the Florida Keys, in the heart of Florida City—part of the fastest city growing in Miami-Dade County, which ranked second in U.S. population growth last year with a 2.3% increase. Executive Summary Location: 75 West Palm Drive, Florida City, Fl. Land Area: 4.28 acres (˜196,020 SF), fully entitled Buildings: 2 × Identical 8-story mixed-use towers Building 1: 162 units Building 2: 162 units Total Units: ˜ 324 Zoning: Transit-Oriented Development (TOD) Opportunity Zone: Yes — federal capital gains benefits Infrastructure: Sewer & water adjacent to site ; site filled to grade Purchase Price: $16,000,000 Short term owner financing can be discussed Retail component not included Operating Memorandum Highlights 1. Investment Highlights Strategic Location: Gateway to the Florida Keys; adjacent to Miami-Dade transit hub (bus park-and-ride). TOD zoning Entitlements & Infrastructure: Fully entitled, T-plat approved, utilities adjacent to property, filled to grade — significantly reduces entitlement and development risk. Tax Advantages: Opportunity Zone designation offers capital gains deferral/exclusion. 2. Development Program Density: ~324 units across 2 identical towers. Parking: Surface parking (lower cost vs. structured). 3. Market Positioning Florida City = fastest-growing city in Miami-Dade County. Market rate rent: also approved workforce housing Strategically located: adjacent to Lennar’s project, the site comprises 174 townhomes and includes a public park—enhancing both community appeal and long-term value. Scheduled for completion in Q1 2026. Lennar, DR Horton, and other top national builders: are actively developing over 5,000 residential units within a two-mile radius, with thousands more in the pipeline through entitlements and permitting. The area is experiencing rapid growth and sustained investment momentum. 4. Risks & Mitigation Development Risk: Fully entitled + utilities adjacent in place reduces delay risk. Parking: Reduced capex with surface parking Summary & Recommendations Strategic Fit: Rare large-scale, entitled TOD site with Opportunity Zone upside. Market Consideration: Mixed-income strategy focusing on mid-rent segments Strong Florida Keys demand: Homestead Air Force Base, Baptist Hospital, FedEx, UPS, Amazon, Major distribution centers within a 5 mile radius. Convenient Location Highlights: Major outlet malls just steps away, featuring top national brands Walmart & Home Depot all within a 1-mile radius Homestead-Miami Speedway located just 3 miles away—only a 10-minute drive