Site Plan Approved for 24 units & 100% parking reduction in Little Havana, Miami, FL. Rents are $4.0/SF/mo & apartment sales in the area closed at $474,000/door. Proforma 30% IRR. Parking reductions approved prior to May 1st, 2022 zoning changes making this project one of few with 100% parking reduction. Projected permit-approval by Dec 2022/Jan 2023. Little Havana “Transit Corridor”. Zoned Miami 21, T6-8-O; & 9,434 SF. In path of progress between Brickell & Coral Gables, as well near the airport & Coconut Grove. Near the Marlin’s Stadium & Publix Sabor at NW 22nd Ave. Participate in the regentrification, surge of growth, & development in the rental market where rents are strong and surging for retail & multifamily around Calle Ocho & W. Flagler.
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