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Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire X Miami (the “Property”) – a 32-story, transit-oriented high rise located in globally renowned Downtown Miami, Florida. X Miami is the city’s premier rental apartment community that opened with much fanfare in the summer of 2018 and has proven resilient through the coronavirus pandemic. The Property is composed of 464 luxury residences with 729 square feet of fully-leased restaurant space in the building’s lobby.

First-tier cities, including Miami, have begun to experience an affordability challenge as new high-end and highly-amenitized products lack an affordable entry price point. X Miami’s innovative approach and creative design – through unit size and layout – addresses the problem of ever-increasing entry price points into highly urbanized markets. X Miami’s flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price, without sacrificing amenities or living experiences; in fact, they are provided a better one. RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.

The Property’s downtown location presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from owning due to the building’s quality and positioning. X Miami’s landmark location and adjacency to a Metromover station puts it at the forefront of the impending growth that Miami is experiencing in its ascent into a first-tier world-class city.

X Miami
Offers Due:  Tuesday, March 16, 2021
464 Units
230 NE 4th Street
Miami, FL  33132
Type: Conventional
Posted: 1/3/2020


Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer a land sale or joint venture opportunity in the development of the middle and western portion of Block A of Miami Worldcenter (the “Offering”), the 2nd-largest active urban mixed-use project in the United States. This represents the last remaining available block within Miami Worldcenter. Phase 1 of this iconic, city-shaping development is currently under construction and will include 320K sf of retail, over 2,000 hotel keys, 600k sf of convention space, 500k sf of office space and over 1,900 residential units. Block A, “the Opportunity”, encompasses approximately 2.18 acres, with the base development capacity of nearly 1,100 residential units and 1.7 million square feet.
Miami Worldcenter Block A
1100 Units
1000 NE 1st Avenue
Miami, FL  33132
Posted: 10/11/2019
Cushman & Wakefield is pleased to present the exclusive listing of the SOBE 322, the largest portfolio of units ever offered in the South Beach area of Miami Beach. The portfolio totals 322 units in 23 properties located between 7th and 16th Streets in the heart of South Beach.

This generational investment opportunity will instantly make a new owner one of the largest multifamily owners on South Beach, which is one of the most supply constrained markets in the U.S. The portfolio offers immediate upside through improved management and leasing as well as value-add potential on most buildings. In the past four years $6.9 million has been spent on improving the properties, including the gut renovations of 1600-1606 West Avenue and 1567 Meridian (61 units) – the remaining 261 units have the potential to increase income with value-add improvements focused on interior upgrades.

Please view additional photos by clicking on the Photos Link tab below.

SOBE 322 Portfolio
322 Units
Miami, FL
Posted: 1/6/2021

Cushman & Wakefield, as exclusive marketing advisors, are pleased to offer the sale of 88 Hundred Collins (the “Property”), a 0.65 Acre development site on Collins Avenue in Surfside, FL. The site allows for condo and hotel development. The site is being sold as-is and not subject to any plan changes.

88 Hundred provides a premium location at the entrance of Surfside, adjacent to the world renowned beaches. Beach access is easily accessible directly on 88 Street. Surfside is one of the most sought after destinations in South Florida. More stringent development requirements has limited new supply compared to Sunny Isles and Bay Harbor Island. Consequently, Surfside is close to all of the action while maintaining its character as an upscale beach town with great shops, restaurants and cafes.

8800 Collins - 0.65 Acre
0.65 Acres
8800 Collins Avenue
Surfside, FL  33154
Type: Land
Posted: 10/2/2017

Cushman & Wakefield is pleased to offer for sale Harris Music Lofts, a 38-unit plus ground floor retail mixed-use property located at 206 Clematis Street in the heart of Downtown West Palm Beach. The property is the only rental on Clematis Street east of the recently built Brightline Station and is a walkers paradise. Immediately outside your door is all of the action on Clematis Street with its retail, bars and restaurants which provides the pulse to all of Downtown West Palm Beach. In addition, you are just steps away from Fountain Park and Centennial Square, one block from the Waterfront and City Commons, four blocks from the Brightline Station and six blocks from Rosemary Square (formerly CityPlace).

Harris Music Lofts offers 38 residential apartments on five floors and a 4,516 square foot, ground floor retail space. The residential apartments consist of 22 unique one-bedroom floor plans including some two-story townhome style, some with large skylight windows or with spectacular views of Clematis Street.

Originally built in 1925, the six-story, art deco building went through a comprehensive renovation in 1996 including new wiring, plumbing, replacement of all windows and doors, roof and HVACs. Apartments average 658 rentable square feet and all but three are in condominium quality. All apartments are on 12 month leases but zoning does allow for short-term rentals. Furthermore, average rents are notably under market and provide significant upside potential. The average rent at Harris Music Lofts is $1,365, while newly constructed one-bedrooms in the area average approximately $2,000.

On the ground floor there is 4,516 square feet of prime retail space just steps from the Waterfront and Fountain on Clematis Street. The current retail tenant is paying $11.47 modified gross with the lease expiring in May 2021. Once the retail lease expires, a new owner will have the ability to more than triple the current lease rate as well as be reimbursed for additional expenses that are currently not being reimbursed; all of which would go directly to the bottom line. Such a prime retail space on Clematis Street rents between $30-$35 NNN in today’s market.

Harris Music Lofts
38 Units
206 Clematis Street
West Palm Beach, FL  33401
Posted: 10/26/2020
Ocean Bay is a 20-unit turnkey waterfront community on Miami Beach. The property has been fully renovated with over $950K in improvements, including: new impact windows, new electrical and plumbing, new roof, new stucco/waterproofing and paint, new railings and entry gate, new a/c units, new kitchen cabinetry with marble tile backsplash and granite countertops, all new appliances, updated bathrooms with bathtubs and vanity cabinets, and new community washers/dryers. Ocean Bay features new outdoor amenities including a new courtyard with seating, outdoor BBQ area and picnic tables overlooking the Tatum Waterway. The property is available below the replacement cost to acquire and renovate comparable properties in the immediate area.
Ocean Bay
20 Units
8260 Byron Avenue
Miami Beach, FL  33141
Posted: 1/14/2021