“Shovel-Ready” land development opportunity in Little Havana

A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental. 12 Avenue is a commercial artery that offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Since its inception in the late 1800′s, Little Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. Surging rents, new construction, and direct capital investment show that here is where the next wave of development and growth is. Come invest now – you can make buildings, but land is scarce, and no one will be making any more so act now.