High-Profile Parcel Across from New Make-A-Wish HQ Positioned for Multiple Uses
October 05, 2021
MIAMI – Transwestern Real Estate Services (TRS) announces its Southeast Investment Sales team is exclusively marketing for sale a 0.83-acre, or 36,174-square-foot site, at 350 NW 6th St. in Miami. Transwestern Senior Managing Directors John Bell, Mike McGaughy and Jon Kleinberg are facilitating the disposition of the high-profile property on behalf of the owner, Make-A-Wish® Southern Florida Inc., which is building its new headquarters directly across the street.
“This is a shovel-ready development site situated in the middle of major new transformational mixed-use projects,” said Bell. “Versatile zoning allows for a multitude of uses, including multifamily, office, retail, hotel, self-storage and mixed-use, giving developers and owner-users a wealth of opportunities to create something special in a path of growth location.”
The property is situated at the corner of NW 6th Street and NW 4th Avenue, fronting three streets, including NW 3rd Court, the main exit road from I-95. Make-A-Wish Southern Florida is breaking ground on a $25 million, 25,000-square-foot headquarters and “Wish House” directly across from the site, with expected completion by the first quarter of 2023.
Additional landmark developments within blocks of the property include the transformative MiamiCentral, a transit-oriented mixed-use project spanning six city blocks, completed in 2018, and Sawyer’s Walk/Block 55, a $350 million, 1.4-million-square-foot retail and apartment project that broke ground earlier this year. Both of these projects are within walking distance of many nearby restaurants, shopping, entertainment and public transportation options.
Zoned T6-8-0 with an Opportunity Zone designation, the property supports the greatest number of allowed commercial uses, giving a new owner various development choices, including multifamily with a density of 150 units per acre. A vertical development can benefit from potential signage opportunities that offer exceptional visibility from I-95.
“This site is one of the last tracts of land available for ground-up development within Miami’s CBD,” said McGaughy. “Make-A-Wish’s new headquarters coupled with other recent developments are catalyzing this area’s revitalization. We’re thrilled to offer another opportunity to unlock value and build sustainable growth in a submarket that has demonstrated demand for apartments, retail, office, hospitality and self-storage uses.”
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About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.