Situated within Wynwood’s NRD-1 zoning overlay, the property provides an opportunity for Buyers to join a successful roster of neighboring developers such as Related Group, Lennar, and the Kushner Companies. The corner lot offers developers with the ability to develop residential, commercial, or hospitality driven projects.
Currently, the site allows for the development of up to 8 stories (with bonuses), 39 residential units, or 78 hotel keys as of right. Alternatively, the site can also be developed as a commercial project that accommodates Office or Hospitality driven projects. The sale may also include the plans and intellectual property for a proposed 37-unit luxury residential condo project that is close to being fully approved and permitted.