5950 Sunset Drive
South Miami, FL
Call For Offers Due: January 23, 2025
Stats
- Property Name The James at SOMI
- Folio 09-4036-026-0010
- Land Area ±0.56 AC
- Existing Zoning TODD MU-5 (Transit-Oriented Mixed-Use)
- Proposed Units 236 Units
- Proposed Retail 1,310 SF
- Proposed Parking Spaces 163 Spaces
- Proposed Height 21 Stories (195-0" to Lower Roof & 214-8" to Upper Roof)
Executive Summary
Avison Young is pleased to exclusively offer for sale The James at SOMI (“the Property”), a ±0.56 AC, site plan approved development site with plans for a 236-unit, 21-story transit-oriented mixed-use development proximate to Downtown South Miami and the adjacent South Miami MetroRail Station. Located in one of the best multifamily submarkets in Miami, where rents routinely exceed $5.00 PSF, The James at SOMI is a generational development site poised to have a lasting impact on South Miami’s skyline.
Highlights
Prime High-Rise Opportunity in South Miami
Strategic Location with Excellent Accessibility
Robust Market Demand and Rental Growth
Favorable Zoning for High-Density Development
Exceptional Economic and Demographic Indicators
Proximity to Major Employment and Lifestyle Amenities
