140 NW 8th Ave - Bowery I Development Site Terrain | 0,42 ha

Located in the eastern part of Miami's Little Havana neighborhood, this impressive 45,000-square-foot lot assemblage offers a rare development opportunity. The T6-8-O portion comprises 30,000 square feet, while the T4-R portion makes up the remaining 15,000 square feet. Buildable potential under the Miami 21 zoning code is approximately 450,000 to 562,500 square feet, depending on the use of optional public benefits. Under the Live Local Act, this potential increases significantly to approximately 1,080,000 square feet.

Under Miami 21, the total combined residential density allows up to 115 units, or as many as 701 units under the Live Local Act. Developers can either use the T4-R portion as a parking lot to support a Live Local project on the T6-8-O portion or develop it in accordance with T4 zoning regulations under Miami 21.

The site is suited to be entitled through the Live Local/SB102 process. Height restrictions are not a factor, subject only to Miami-Dade Aviation Department and FAA guidelines, so the primary limitation will be how creatively developers approach parking within the building envelope. Parking reductions are possible, and the site also qualifies for a zoning variance to up-zone the T4-R portion and further increase buildable capacity. Even without waivers and a modest parking reduction of 10 to 30 percent, a conservative estimate places the feasible density between 230 and 300 units.

Little Havana is a vibrant and economically thriving neighborhood that benefits from its strategic location adjacent to cosmopolitan Brickell and centrally located near all of Miami’s key employment hubs, including Downtown, Coral Gables, the Health District, and Miami International Airport (MIA). The area offers excellent public transportation, walkability, and a culturally rich environment, with proof of concept evident throughout the neighborhood.