Edgewater21
High-Density Edgewater Site | T6-8-O Zoning | Live Local Upside
Marketing description
Edgewater21 presents a rare opportunity to acquire a ±28,261 SF (0.65-acre) development site in the heart of Miami’s rapidly evolving urban core. Located within the highly sought-after Edgewater submarket, the property sits at the intersection of Wynwood, Midtown, the Design District, and Downtown—one of the most active and capitalized corridors in South Florida.
The site is zoned T6-8-O under Miami 21, allowing for high-density mixed-use development. By right, the property supports approximately 97 residential units and up to ±141,325 buildable square feet (5.0 FLR), with the ability to increase to ±176,656 square feet (6.25 FLR) through public benefit incentives—providing a clear and executable path to development.
Additionally, the property qualifies under Florida’s Live Local Act, offering significant density upside and flexibility for multifamily development. Conceptual plans illustrate potential scenarios ranging from 154 to 253 units, highlighting the scalability of the site.
Further enhancing its investment profile, Edgewater21 is located within a Qualified Opportunity Zone and is enrolled in the Miami-Dade County Brownfield Program, presenting potential tax advantages and redevelopment incentives.
With limited remaining infill opportunities and continued institutional investment driving demand in Edgewater, Edgewater21 represents a compelling opportunity to develop a high-impact project in one of Miami’s most supply-constrained and dynamic neighborhoods.
Investment highlights
- Prime Edgewater Location: Centrally located between Wynwood, Midtown, Design District, and Downtown Miami—one of the most active urban corridors in the U.S.
- High-Density Zoning (T6-8-O): Allows for mixed-use development with approximately ±97 units by right and up to ±176,656 buildable SF with public benefit.
- Live Local Act Upside: Significant density potential with conceptual plans ranging from 154 to 253 units, offering scalable development optionality.
- ±0.65-Acre Urban Infill Site: Rare assemblage of ±28,261 SF in a supply-constrained, built-out submarket.
- Qualified Opportunity Zone: Potential tax advantages for long-term investors.
- Brownfield Program Enrollment: Eligible for Florida Voluntary Cleanup Tax Credits, offsetting redevelopment costs.
- Proven Institutional Submarket: Billions of dollars invested by national developers throughout the Edgewater corridor.
- Strong Demand Drivers: Walkable access to retail, employment centers, and waterfront amenities with proximity to I-95, Brickell, and Miami Beach.
- Multiple Development Pathways: Flexibility to execute a by-right mid-rise or higher-density Live Local multifamily project.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
