One Biscayne North

About One Biscayne North

A fully entitled, 80,198 SF (1.84-acre) multifamily development site at 1401 NE 108th Street in Miami’s Biscayne Corridor. The site offers a rare combination of entitlement certainty, strategic location, and value-creation potential — a clean, entitled site in a supply-constrained submarket with strong demand fundamentals and a clear regulatory framework. The site is fully rezoned from BU-2 Commercial to RMD (Residential Modified District), approved for up to 177 residential units, with a recorded covenant securing development rights. The hard entitlement work is complete, allowing a purchaser to move directly to design, permitting, and construction. WHERE BISCAYNE SHORES MEETS MIAMI BEACH One Biscayne North sits at the seam where Biscayne Shores meets North Miami Beach — minutes from the bay, the barrier-island beaches, and the Biscayne Boulevard spine, and squarely inside the North Miami Beach submarket that CoStar identifies as one of the tightest in greater Miami. The submarket’s vacancy rate of 5.8% is among the lowest market-wide, and over the past year renter demand outpaced new supply, with 492 units absorbed against 440 delivered. Asking rents average $2,187/month — well below the $2,480 regional average — keeping the location attractive and affordable for the young professionals, healthcare workers, and bay-adjacent households driving demand. A 2,320-unit construction pipeline (an 11.2% expansion of inventory) signals where capital is concentrating, and the submarket’s recent absorption suggests it is well positioned to absorb that supply over time. (Source: CoStar, North Miami Beach Multi-Family Submarket Report, 5/25/2026.)