Signature Bridge Tower
Land | 0.605 acres
Marketing description
Signature Bridge Tower presents a fully entitled, transit anchored multifamily development opportunity at the doorstep of one of the most consequential public realm transformations underway in the United States: the Signature Bridge and Underdeck Park. Set on a ±0.6 acre gross parcel at 1315 NE Miami Court, the site has received site plan approval for a 50 story, 378 unit residential tower, providing buyers with a clean, executable entitlement and a meaningfully shortened path to vertical construction.
The investment thesis rests on four reinforcing themes. First, the entitlement is in hand and is purely residential. The prior hospitality component has been removed, and the approved program now reflects an all multifamily plan tuned to the demand profile that is currently driving Miami's urban core. Second, the property generates in place income through a fully leased, 35 unit walk up apartment building, delivering carrying revenue during financing, design, and predevelopment. Third, multiple parallel pathways including the Live Local Act preemption, the Omni 500 units per acre overlay, and Transit Oriented Development (TOD) parking incentives give a future developer real optionality to push density, FAR, and unit count beyond the approved baseline if economics support it.
Layered on top of these planning tools is location. Signature Bridge Tower sits one block from the under construction Signature Bridge, an $840 million infrastructure investment whose mile long Underdeck linear park will deliver new green space, programming, and pedestrian connectivity directly across the street. The Adrienne Arsht Center Metromover Station, the Brightline MiamiCentral terminal, the Kaseya Center, the Pérez Art Museum, and the Frost Museum of Science are all within a short walk. Few remaining infill parcels in Greater Downtown Miami combine an executable entitlement, holding income, and proximity to a generational public realm investment in a single offering.
Investment highlights
- APPROVED AND BUILDABLE - 378 multifamily units across 50 stories, with site plan in hand
- CASH FLOWING COVERED LAND - A 35 unit, fully occupied apartment building generates revenue during predevelopment
- ADJACENT TO A GENERATIONAL PUBLIC ASSET - The Signature Bridge and Underdeck Park, a mile long, $840M linear park, front the property
- BEST IN CLASS TRANSIT ADDRESS - Steps from the Adrienne Arsht Metromover Station; minutes from Brightline MiamiCentral and the Metrorail at Government Center
- LAYERED DENSITY PATHWAYS - RTZ (uncapped FAR), Live Local (state preemption), Omni 500 du/acre overlay, and TOD parking reductions all stack
- TAX ADVANTAGED CAPITAL STRUCTURE - Opportunity Zone qualification plus Live Local property tax exemption pathways (75% to 100%) materially enhance long hold returns
- WALKABLE URBAN CONTEXT - Miami Worldcenter, the Kaseya Center, PAMM, the Frost Museum, Bayside, Wynwood, and the Design District are all in the immediate orbit
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