For Sale: High Density Development Site in Edgewater

Colliers is pleased to present 2200 Biscayne—a one-of-a-kind 2.04-acre income-producing redevelopment opportunity in the epicenter of Edgewater, Miami, boasting exceptional zoning flexibility for high-density development. This centrally located site features 269 feet of retail frontage on bustling Biscayne Boulevard, drawing exposure from over 48,000 vehicles daily. The property is comprised of a two-story office building on the southeast side, a seven-story office building on the northeast side, and a two-story parking garage in the rear. Together, these structures include approximately 45,770 square feet of office space spanning floors 2-7, complemented by 1 1,255 square feet of ground-floor retail. The prospective purchaser has the option to pursue a unified single-phase project post-lease expirations or opt for phased development while maintaining income streams. This strategy ensures immediate and advantageous use of the land, providing a clear path to successful redevelopment.

Strategically positioned on Biscayne Boulevard in the heart of Edgewater, 2200 Biscayne boasts exceptional connectivity and accessibility, situated at the epicenter of one of Miami's most vibrant and rapidly transforming neighborhoods. With its breathtaking backdrop of Biscayne Bay and close proximity to Downtown Miami and the Design District, Edgewater seamlessly blends historic charm with modern sophistication. This site offers unobstructed views and significant potential for high-density development, making it an ideal foundation for a landmark residential mixed-use project. Its appeal is further enhanced by convenient access to major employment centers, cultural hotspots, and top-tier amenities, meeting the increasing demand for luxury living. Located just minutes from Midtown, Wynwood, and South Beach, and a short 15-minute drive from Miami International Airport, and with immediate proximity to the future Wynwood/Edgewater Train Station, it ensures world-class connectivity.

Located within an Opportunity Zone and qualifying for Live Local incentives, 2200 Biscayne offers substantial tax benefits that enhance the feasibility and profitability of future projects. The site boasts exceptional zoning flexibility for high-density development, supported by Live Local incentives and density transfer options. Anticipated planned transit hubs and the FEC Railway further enhance its potential for benefiting from Rapid Transit Zoning (RTZ) and Transit-Oriented Development (TOD). This site presents an ideal opportunity for a dynamic, high-density, mixed-use residential project. The existing leases and building configurations enable phased development while maintaining income throughout the process. Under Live Local guidelines, the site can accommodate over 2,000 units and more than 3 million buildable square feet, with the option to include condos instead of the 60% market-rate units. This allows developers to design a denser mixed-use project and maximize the site's potential in various ways.

Benefits Under Live Local:

FAR: 36

Buildable Area: 3.23 million SF

Buildable Units: 2,040

Height: 649’ (FAA) Limit