Exclusive Off-Market Hospitality Redevelopment Opportunity in Miami
- 7 hours ago
- 2 min read
A Rare Investment Opportunity for Developers and Visionary Investors
South Florida continues to attract global capital, international tourism, and corporate expansion at an unprecedented pace. As land becomes increasingly scarce and entitlement timelines continue to lengthen, opportunities with existing approvals have become some of the most valuable assets in the market.
Today, we are pleased to present an exclusive off-market hospitality redevelopment opportunity located in one of Miami’s most dynamic urban districts.
Why This Opportunity Stands Out
This offering includes an existing multi-story structure situated on a strategically located site with approvals already in place for a significant hospitality redevelopment project.
For investors and developers, one of the greatest challenges is often the lengthy approval process. Securing zoning approvals, historic preservation approvals, architectural reviews, and demolition permits can take years.
This project eliminates much of that uncertainty.
Key Highlights
• Asking Price: $20 Million
• Existing ±43,265 SF Building
• Approximately 7,500 SF Development Site
• Approved for a 17-Story Hospitality Development
• 163 Hotel Keys
• Shovel-Ready Status
• Historic Preservation Approvals in Place
• High-Density Development Potential
• Excellent Transit Connectivity
The Value of Existing Approvals
Time is money in real estate development.
Projects that already possess approvals can save investors months—or even years—of carrying costs, consultant fees, legal expenses, and entitlement risks.
The approved redevelopment plan allows a future owner to move forward significantly faster than many competing development sites currently available in the South Florida market.
Historic Tax Incentives
One of the most compelling aspects of this opportunity is its historic designation benefits.
Qualified redevelopment projects may be eligible for valuable historic rehabilitation tax credits, which can substantially reduce the overall project cost basis.
For experienced developers, these incentives can create significant additional value while preserving architectural character and contributing to Miami's historic urban landscape.
Strategic Urban Location
Modern travelers increasingly seek walkable environments with access to dining, entertainment, transportation, and cultural attractions.
This property benefits from proximity to:
Major employment centers
Luxury hotels
Entertainment venues
Shopping destinations
Public transportation
Regional rail connections
Miami International Airport access
These location advantages support both business and leisure travel demand, creating a strong foundation for future hospitality operations.
Strong Long-Term Market Fundamentals
Miami continues to experience:
✔ Population growth
✔ Corporate relocations
✔ International investment activity
✔ Tourism expansion
✔ Infrastructure investment
✔ Rising hospitality demand
These factors continue to strengthen the city's position as one of the premier real estate investment destinations in the United States.
Investment Potential
Whether the objective is developing an upscale hotel, leveraging historic tax incentives, or capitalizing on future appreciation in one of South Florida's strongest urban markets, this opportunity offers a combination of scale, approvals, location, and development flexibility that is increasingly difficult to find.
Because this is an off-market opportunity, additional information is available only to qualified investors and development groups.
Interested in Learning More?
If you are a developer, private investor, family office, hospitality operator, or commercial real estate group seeking unique off-market opportunities, I would be happy to discuss this offering confidentially.
Jenny Forth
International Luxury & Investment Real Estate Specialist
📞 +1-754-284-6085
SEO Keywords: Miami commercial real estate, off-market property, hotel development opportunity, Miami investment property, hospitality redevelopment, historic tax credits, commercial development site, South Florida real estate investment.
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