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Real Estate

Flagler St + Miami Ave – Core Redevelopment Opportunity in Downtown Miami

By
Cashflow In Miami
on
September 22, 2021

Multiple Investment Strategies with World Class Walkability and Transit Connectivity.

Flagler St + Miami Ave – Core Redevelopment Opportunity in Downtown Miami

Cashflow of Miami is pleased to present a joint venture opportunity to redevelop Flagler + Miami at 8 West Flagler Street and 22 East Flagler Street, located on the original Main & Main location in Miami. The project consists of two buildings totaling 492,417 square feet sitting on 1.79 acres of land. It is zoned T6-80, the most liberal designation within Miami 21 and it is also within the Downtown Density Overlay of 1,000 units per acre. Flagler + Miami is also connected to the Miami Avenue metromover station, providing connectivity to the rest of the city. This opportunity is an ideal candidate for value-add repositioning of the existing buildings and/or the development of new towers to capitalize on zoning that allows for the tallest and most dense development at the center point of the city of Miami.

Location Overview

East Building:

22 East Flagler Street

Existing Building Size: 300,000 SF

Existing Stories: Basement + 10 stories

Lot Size: 47,975 SF (1.10 acres)

Zoning: T6-80-O

Density: 1,000 units per acre

FLR: 24

FLR Bonus: 50%

Street Frontage: Flagler Street, SW 1st Street and Miami Avenue

West Building:

8 West Flagler Street

Existing Building Size: 190,000 SF

Existing Stories: Basement + 8 stories

Lot Size: 30,000 SF (0.69 acres)

Zoning: T6-80-O

Density: 1,000 units per acre

FLR: 24

FLR Bonus: 50%

Street Frontage: Flagler Street, SW 1st Street and Miami Avenue

Total Site:

Total Existing SF: +/- 492,417 SF

Total Lot Size: +/-77,975 SF (1.79 Acres)

Investment Highlights:

Zoned T6-80-O, the most liberal zoning within Miami 21, allowing for the development of 1,000 units per acre and 2.8m square feet
Rare opportunity for visionary investors to redefine this core and strategic location through redevelopment, adaptive re-use, or a combination of both
Central location with access to Miami’s best amenities - Luxury retail and F&B options. Just minutes from Whole Foods, Miami World Center, Bayfront Park and Brickell City Centre
Direct Access to main highways and streets – Flagler Street, Miami Avenue, I-95, Biscayne Boulevard and Brickell
Direct Access to public transportation - MetroMover Station, MetroRail Station, MetroBus Station, and Miami City Trolley System

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