October 28, 2019
October 28, 2019 - PRESSADVANTAGE -
Miami, FL based Colliers International Urban Core Division is pleased to present an opportunity for interested parties to acquire World Center Link, a commercial property for sale at the Miami Worldcenter. It is situated a block away from Miami Central, a location that represents South Florida’s largest developments to date.
Mika Mattingly of Urban Core Division states that the property consists of a 5,000 SF building sitting on 24,000 SF of land. The Link is designated one of Miami’s most favorable and aggressive mixed-use zoning code of T6-60a, allowing for up to 396,000 SF of development and a density of 500 units per acre. The company’s asking price: $16.5 million.
The site is also positioned within 1000 feet of Miami’s largest transportation hub, which negates the need for developers to devote resources to fulfill any parking requirements for residential projects. Simultaneously, this creates new pathways of mobility for employees and visitors to embrace the perks of working and living in the city. With developments in every corner, Mattingly states, “This site has truly become the last opportunity to develop in the forefront of Miami’s multi-billion dollar world class destination.” Notably, downtown Miami ranks among the Top 5 places in the US for walkability, and is a highly frequented hub for rapid transportation.
Mattingly continues that World Center Link is situated in the center of a huge employment base of 175,000 employees, the main campus of the largest College in the country, and one of the most advanced passenger rail systems in the nation. Furthermore, it is surrounded by a multitude of projects in the Miami Worldcenter. The site benefits from direct, quick access to the I-95, I-395, and Miami Central’s transportation hub. Urban Core Division adds that World Center Link will reap the benefits of being a block away from the largest public transportation hub in South Florida. For the first time ever, says the company, people can consider living as far away as downtown West Palm or Fort Lauderdale, since it will still be a simple matter for them to commute to Downtown Miami for work.
In an article titled ‘The New Global City,’ the Wall Street Journal discussed the prevalence of foreign real estate buyers in certain high-demand urban locales. According to Mattingly, Miami is an excellent example of such a global city, with “a maturing downtown that is attracting a wide range of buyer profiles. Downtown Miami remains a bargain compared with Miami Beach, and has pricing that is in line with Coral Gables and Aventura. Renter demand continues to grow as new households are formed through population growth, urban migration, and millennials transitioning from living at home as new urban options emerge. Rental volume increased almost 20% compared to 2016, with 325 new tenants per month in 2017.”
She further asserts that, “Demand for living in Downtown Miami is at an all time high, with residential projects such as Yotel selling 95% of units before breaking ground, Paramount selling 90% of its units before completion, and XMiami leasing 40% of units before opening. A significant chunk of their residents are young professionals with disposable income.”
Urban Core Division is a full-service real estate brokerage that provides sales and advisory services to owners, investors, and developers. They seek to carve out a place in the real estate market by focusing on educating their clients in “the complete personality and potential of each emerging neighborhood in South Florida, not solely a single product type,” according to their website. The company believes that this process is vital to help their clients make educated decisions that open up opportunities to create, maximize, and protect the value of their investments.
Run by a powerhouse leadership team of industry veterans, the company wields their own comprehensive, local neighborhood data and unrivaled industry connections to deliver on their clients’ high expectations. “Utilizing the strength of Colliers’s global integrated platform,“ they say, “we leverage our far-reaching network of 14,000 professionals (operating in 68 countries), allowing us to position your property for maximum market exposure.”
Those who would like to invest in or purchase commercial real estate in Miami are encouraged to reach out to Mika Mattingly of Urban Core Division to learn more. They may also contact the company directly by phone or visit the website to follow up on any other inquiries regarding their services and offers.
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For more information about Urban Core Division, contact the company here:
Urban Core Division
Mika Mattingly
(305) 602-5020
mika@urbancoredivision.com
48 E Flagler St Unit 2,
Miami, FL 33131
