'Pandora River': 12-Unit Approved Project 566 NW 1st St Lot | Terrain commercial | 0,05 ha | À vendre | 1 548 852 € | Miami, FL 33128

THE ALPHA COMMERCIAL ADVISORS® PRESENTS AN ADVANCED LUXURY DEVELOPMENT OPPORTUNITY CAPITALIZING ON MIAMI’S RESURGENT RIVER DISTRICT AND UNDERPINNED BY PREMIUM T6-8-O ZONING.
In the final stretch toward permit-ready approvals, this 12-unit, 7-story boutique condo project, Pandora River offers an architecturally unique infill alternative for developers
recognizing the rapid appreciation of the dynamic Miami River District. Offering executional clarity and a defined approval trajectory, bypass the most time-intensive stages and
move rapidly toward groundbreaking. Leveraging its strategic position just off West Flagler Street — a primary east-west corridor linking East Little Havana to Downtown Miami — and the underlying T6-8-O high-density zoning profile, the site benefits from immediate connectivity to Brickell, the Miami Riverwalk, major employment nodes, and I-95 exposure exceeding 165,000 vehicles daily. Positioned within a neighborhood experiencing sustained residential and mixed-use reinvestment, Pandora River is designed to introduce modern, efficiently scaled housing into a supply-constrained urban waterfront corridor while capitalizing on both vertical density and long-term district momentum.
INVESTMENT HIGHLIGHTS
Advanced-Stage Approvals: With luxury 12-unit, 7-story project plans advancing straight through the permitting process, this rare water-view project offers an accelerated timeline from acquisition to construction start.
Coveted T6-8-O Underlying Zoning: Located within a limited pocket of dense and use-liberal zoning supporting retail, office, and hotel in addition to multi-family and mixed-use, with by-right allowances for up to 17 units (150 du/acre) before Live Local Act benefits.
Cash-Flowing Covered Component: Existing improvements include an occupied single family residence with 2 Beds & 1 Bath, generating reliable positive cash-flow to cover carry
costs and support development timeline optionality.
River District Value Proposition: Capitalize on the site’s proximity to the Miami River waterfront, experiencing a dynamic renaissance evenly blending functionality via commercial
and residential uses and upscale hospitality offerings supporting long-term upside.