Build 109 Units in Little Havana near NW 12th Ave & Flagler St. Minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & Miami International Airport. Proposed 8 stories structure, w/ potential for 12 if desired. Seller may be willing to hold for a longer closing depending upon negotiated terms. Seller may be willing to JV at the asking price, with $4.0 mm released at JV-document execution, and with the balance payment to full asking price plus an additional acceptable negotiated returns and payout triggers negotiated Assemblage of 4-lots fronts both SW 1st & 2nd Streets. Proposed development details: 75,105 leasable SF/ 162,770 buildable SF proposed. Develop under an SB-102/328/Live Local program. Development may benefit from property tax reductions for up to 75% of annual property taxes; as well as up to 100% of credit for impact fees under amendments to City of Miami Chapter 33 Code. Covered Land Play generating $17,000/month rents. See attached updated OM for more information.