Colliers Tapped to Market Three-Acre Development Site on Biscayne Boulevard
Colliers has been tapped to sell a more than three-acre development site on Biscayne Boulevard. The property, located at 11240 Biscayne Blvd., in Miami, has an asking price of $10.5 million.
The development site currently has two different zoning designations, with 94,497 square feet zoned to allow for the development of 10-21 multifamily units per acre. The remaining 46,200 square feet are zoned for commercial use, making the land ideal for a mixed-use development that could include residential, hotel, office or other commercial uses.
Colliers’ Gerard Yetming, Julian Zuniga and Mitash Kripalani are handling the listing on behalf of the seller, Alex Silberman.
“This is an exciting opportunity for investors in a market that is hungry for multifamily and mixed-use development,” said Yetming. “The development site is located in a highly desired retail corridor with access to many shops and restaurants, and uniquely positioned in a market that is seeing a scarcity of apartment inventory and available development sites.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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