1550 Michigan Ave - Miami Beach, Florida
Development Opportunity on Miami beach being sold in conjunction with 1560 Michigan Ave. Current Gross Square Footage: 4,925 sqft Proposed Gross Square Footage: 10,000 sqft Units must be a minimum of 800 sqft Any newly built structures could be up to THREE stories. If City of Miami Beach Preservation Board agrees, there is the potential to keep the faÃ§ade and build everything else new. Garage structures can be demolished and does not require city approval. The property would qualify for Parking Impact Fees if the redevelopment does not provide required parking on-site.
This listing courtesy of Douglas Elliman