Description

Feasibility study now available! 180 Units possible with live local, 200 units with one level of underground parking. Live local scenario would yield a 12 story tower with 110 units (125 units with one level of underground parking) plus an 11 story tower with 70 units (75 units with one level of underground parking. This is possible to do without including the small multifamily property in the back, which requires rezoning and complicates the development. This is a Rare two block assemblage at the edge of Coral Gables and directly in front of Douglas park. Located right in the medical district with Coral gables Hospital only two blocks away. 1.14 acres of sf T 6 8 0 zoned land between both blocks. The extra height and density available using nearby comparator sites at bird road metro rail station. Less than one mile ( about half a mile) from the metrorail station. Package includes a specialty medical center on the south block( owner occupied and would be leased back for a negotiable time), an income producing multifamily and three fully rented mixed use income producing buildings that the north side. With the medical center income would be estimated at closer to 50k per month. North (smaller) block is good candidate for a medical tower- which owner would lease back as anchor tenant if available.

This listing is courtesy of Synergy Realty Advisors

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