NW 31st Avenue Assemblage
±1.43-Acre Multifamily Development Site · Live Local Eligible to ~98 Units · QOZ + CRA
Marketing description
The NW 31st Avenue Assemblage is ±1.43 acres of vacant, cleared land just off Atlantic Boulevard — 52,000+ vehicles per day — with direct connectivity to both I-95 and Florida's Turnpike. It sits on the same corridor where Related Group has proposed Cross Creek, a 467-unit, 10-story community two blocks north. Location and access are the headline. B-3 General Business permits multifamily by-right at 46 units/acre (~65 units), and the site is Live Local Act eligible — up to ~98 units by administrative approval, no rezoning or special exception. Retail, office, medical, and hospitality programs remain available across ±820 LF of frontage on three streets. The site sits inside a Qualified Opportunity Zone and the Northwest CRA, stacking federal capital-gains treatment and local redevelopment positioning onto a corridor already absorbing new rental product. Vacant, cleared, ready to entitle.
Investment highlights
- ±1.43 acres of vacant, cleared land just off Atlantic Boulevard — 52,000+ vehicles per day
- Direct connectivity to both I-95 and Florida's Turnpike
- B-3 General Business permits multifamily by-right at 46 units/acre (~65 units)
- Live Local Act eligible — up to ~98 units by administrative approval, no rezoning or special exception
- Retail, office, medical, and hospitality programs remain available across ±820 LF of frontage on three streets
- Site sits inside a Qualified Opportunity Zone and the Northwest CRA
- Stacking federal capital-gains treatment and local redevelopment positioning
- Corridor already absorbing new rental product
- Vacant, cleared, ready to entitle
- 52,000+ vehicles/day on Atlantic Blvd
- 467 units proposed by Related Group at 1201 NW 31st (Cross Creek)
- +22.7% 1-mile population growth, 2020–2025
- 7.8% submarket multifamily vacancy · Q2 2026
- $2,094 avg submarket asking rent / unit
- ~820 LF frontage across three streets
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