Miami, FL 33132
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Compass Commercial presents a Hotel redevelopment opportunity in the heart of Downtown Miami with rare in-place approvals from the Historic Preservation Board and City of Miami. Approved for a 17-story, 163-room upscale hotel with approved demolition permits (except facade on the first three stories) in place. Master permits in final stages allowing for quick project initiation. The property is entitled to an Ad Valorem Exemption and also the Federal Historic Rehabilitation Tax Credit due to it's historic designation. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans + tax credits.
| 3 months ago | Status changed to Active | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Price changed to $20,000,000 | |
| 3 months ago | Listing first seen on site |
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2024, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.