575 NE 61st ST, Miami FL 33137
Fausto Commercial is pleased to present ZenMotel, a multifamily property located in Miami, Florida. The property is an eight-room Hotel located at 575 NE 61st Street. The hotel is furnished with Balinese furniture, rain showers, ceiling fans and kitchenettes. Every room comes equipped with a Buddha, yoga mat and robe. The whole building was renovated in 2016.
The property is at a walking distance of the Magic City Innovation District located in Little Haiti. The 15 acre development will attract technology companies and retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments.