Exciting Little Havana 137 Unit Development Site showing 26% IRR & Avg Annual Returns to 47% +/- minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & Miami International Airport. Proposed 8 stories structure, w/ potential for 12 if desired. Assemblage of 4-lots fronts both SW 1st & 2nd Streets. Proposed development details: 91,023 leasable SF/ 157,064 buildable SF for 57.9% efficiency. Parking solved with only two (2) levels of parking garage as designed for efficiency. Proposed rental apartment unit mix: (a) 110 units under both SB-102/328/Live Local rental limits & 55+ restricted (attained by Covenant with the City of Miami) and (b) 27 market-rate rentals. Covered Land Play generating $17,000/month rents. Please see attached updated OM for more information.