Two Rare Development Sites Along Biscayne Bay Are Currently For Sale On The Property Market
Real estate developers and investors who are interested in finding prime sites that are
located around the Biscayne Bay area will now be able to find two development sites
which have a span of 4.53 acres along NE 31st and NE 32nd Street in the Biscayne
Corridor which is within close proximity to Downtown Miami, American Airlines
Center, and Arsht Center.
Biscayne Bay is a lagoon that is located on the Atlantic coast of the South Florida
region. It is around 35 miles long and 8 miles wide making it a popular landmark
within the area. The North Bay is situated between the island of Miami Beach and the
mainland of Miami.
As early as now, the two development sites are receiving a lot of interest from a wide
group of investors which include high-net-worth parties who seek opportunities for
real estate development, especially since people from all around the world now see
Miami as one of the best locations due to its successful path to recovery.
The 3.12-acre site on the south has up to 180 linear feet of waterfront along Biscayne
Bay where a 36-story residential tower is supposedly set to rise on 2.12 acres of the
site. The 1.4-acre site on the north has the potential to be a development site for yet
another residential tower which is estimated to provide over 200 residential units.
As soon as these two development sites are complete, they will be able to offer great
views of the bay, the city of Miami Beach, Downtown Miami, Brickell, and even the
The two development sites are among the last remaining waterfront sites within the
Miami region. Over $1.5 billion worth of investment money is currently going into
new projects and investments which are being planned for the upcoming months.
According to the current owner, at least 50 percent of the construction documents
have already been secured for a 389-unit high-rise tower which complies with the
zoning regulations for the area. The project now represents a grand opportunity for
investors who are looking to cash in on new waterfront condo developments within Miami.
Now that almost all of the waterfront sites within the Downtown Miami area have
been completely developed, the two development sites that are currently on the
property market represent a truly rare opportunity for investment which is also why
many believe that the bidding process for these sites will be highly competitive.
If you would like to find out more information regarding the best Miami investment
properties that are currently available on the property market, you should contact our
team of professional real estate agents for further details.