WYNWOOD PORTAL A WORLDCLASS DEVELOPMENT SITE WHERE WYNWOOD MEETS MIDTOWN WYNWOOD PORTAL. SHAI BEN AMI

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1 A WORLDCLASS DEVELOPMENT SITE WHERE WYNWOOD MEETS MIDTOWN

2 EXECUTIVE SUMMARY / 2827 N MIAMI AVE ASSEMBLAGE ASKING PRICE: $17,950,000 ZONING: T6-8 / NRD-1 TOTAL LOT AREA: 25,131 sf GROSS BUILDABLE AREA: 241,258 sf HEIGHT LIMIT: 12 stories DENSITY: 86 DU / 173 Keys USE: Retail, Office, Condo, Hotel Sterling Equity Realty is proud to present a 6-lot assemblage in a prime Wynwood location. Just steps away from The Shops at Midtown and a short stroll to Wynwood's main artery NW 2 Ave. Several major developments within a few blocks from the subject site are in various stages of planning and development, such as W House and Wynwood 26 by The Related Group, Wynwood Walk by Thor Equities and Goldman Properties Wynwood Garage. Gateway at Wynwood, the area s largest office building, designed by Kobi Karp, will be erected on the opposite corner. The Toll Brothers recently acquired a double lot ½ block to the West, adjacent to Cynergi Lofts. Noteworthy is Lennar s acquisition of an 8-lot assemblage within 300 of the subject property. 1 block to the West on NW 1 Ave, a Woonerf is planned and will stretch from NW 29 St to NW 25 St. N Miami Ave at 29 St is Wynwood s busiest intersection for vehicular traffic and most frequented point of entry towynwood. 825 SF 3450 SF 3250 SF 7106 SF 5250 SF 5250 SF

3 6-LOT ASSEMBLAGE / 2827 N MIAMI AVE ASSEMBLAGE $17,950,000 25,131 SF 6-Lot Assemblage

4 AREA ACTIVITIES / 2827 N MIAMI AVE ASSEMBLAGE

5 WYNWOOD DEVELOPMENT ACTIVITY CURRENT PROJECTS PLANNED AND UNDER CONSTRUCTION WYNWOOD 25 East End Capital / Related Group 227 NW 24 St 289 Rental Apartments / 31K SF Retail / 340 Parking Spaces WYNWOOD GARAGE Goldman Properties 2660 NW 3 Ave 430 Parking Spaces / 23K SF Retail / 30K SF Office Space WYNWOOD WALK Thor Equities 2800 NW 2 Ave 63K SF Commercial Space / Restaurant & Retail WYNWOOD 26 Related Group 51 NW 26 St 174 Apartments / 36K SF Commercial Space WYNWOOD GATEWAY COMPLEX Metro NW 2 Ave, 146 Key Hotel / 70 Condos / 53 K SF Office Space / 19K SF Retail / 193 Parking Spaces WYNWOOD 29 / W HOUSE Related Group / Metro NW 1 Ave 182 Condos / 27K SF Office Space / 20K SF Retail / 283 Parking Spaces WYNWOOD SQUARE One Real Estate Investments 2201 N.Miami Ave 241 Residential UNits / 60K SF Office Space / 27 K SF Retail / 481 Parking Spaces CUBE WYNWOOD Red Sky Capital 222 NW 22 St 80K SF Office Space / 11K SF Retail GATEWAY AT WYNWOOD R&B Realty N.Miami Ave 185K SF Office Space / 34K SF Retail / 574 Parking Spaces WYNWOOD ANNEX East End Capital / Related Group NW 24 St West of NW 2 Ave 47K SF Office Space / 5K SF Retail

6 ADJACENT PROPERTIES NOTEWORTHY DEVELOPERS AND PROPERTY OWNERS

7 ZONING T6-8 / NRD-1 BUILDING DISPOSITION LOT OCCUPATION a. Lot Area 5,000 s.f. min.; 40,000 s.f. max. b. Lot Width 50 ft min. c. Lot Coverage Stories 80% max. - Above 8 th Story 18,000 sq. ft. max. Floorplate for Residential & Lodging**** 30,000 sq. ft. max. Floorplate for Office & Commercial d. Floor Lot Ratio (FLR) N/A e. Frontage at front Setback 70% min. f. Open Space 10% Lot Area min. g. Density 150 du/ac max. BUILDING SETBACK a. Principal Front b. Secondary Front c. Side d. Rear e. Abutting Side or Rear T4 Abutting Side or Rear T3 10 ft. min.***; 15 ft. min. above 8th Story 10 ft. min.***; 15 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story 6 ft. min. 1st through 5th Story 26 ft. min. above 5th Story 10% of Lot depth** min. 1st through 2nd Story 26 ft. min. 3rd through 5th Story 46 ft. min. above 5th Story * ** BUILDING CONFIGURATION FRONTAGE a. Common Lawn prohibited b. Porch & Fence prohibited c. Terrace or L.C. prohibited d. Forecourt permitted e. Stoop permitted f. Shopfront permitted (T6-8 L and T6-8 O only) g. Gallery permitted by Special Area Plan h. Arcade permitted by Special Area Plan BUILDING HEIGHT a. Min. Height 2 Stories b. Max. Height 8 Stories c. Max. Benefit Height *** *** * Or as modified in Diagram 9 10% of Lot depth for Lots more than 120 deep 6 min for Lots less than 120 deep Or as modified within NRD-1 Street Master Plan Or as modified within Section (b)(1)(i) 4 Stories Abutting all Transects Zones except T3 BUILDING PLACEMENT PARKING PLACEMENT BUILDING HEIGHT

8 ZONING MAP T6-8 / NRD-1 NRD-1 Boundary Subject Property

9 LOCATION / 2827 N MIAMI AVE ASSEMBLAGE DESIGN DISTRICT The site is located at 2827, 2817, 2811 N Miami Ave, 10 NE 29 St, 17 NE 28 St, 21 NE 29 St in Wynwood. MIAMI INTNL AIRPORT MIDTOWN WYNWOOD Directly at the intersection of N. Miami Ave and 29 St. SOUTH BEACH Just to the North is Midtown Miami and the Design District. DOWNTOWN BRICKELL Access to Miami Beach via the Julia Tuttle Cswy, the Venetian Cswy and the McArthur Cswy. Dowtown Miami and Brickell are just a few miles to the South. Miami and Ft. Lauderdale Airports are easily accessible via SR-112 and I-95.

10 AREA / 2827 N MIAMI AVE ASSEMBLAGE Wynwood has quickly escalated to super hip status from its roots as a commercial warehouse zone. Real estate prices in the area have increased significantly over the past 5 years, attracting interest from local and national real estate investors. Retail rents have risen from $20/sf just a few years ago to as high as $120/sf today and residential for sale condos are now priced at over $700/sf. The Wynwood area is in the midst of massive change in its overall landscape. Local and national investors have acquired property for retail and residential development, with a number of those projects approaching completion or development start.

11 MANA DEVELOPMENT MASTER PLAN Over the past several years, real estate developers have acquired large concentrations of property, most notably Mana Development, which recently received approval from the City of Miami by recommendation of the Business Improvement District (BID). Mana Group s enormous special area plan would serve as the hub for all trade and business between Asia, Latin America, North America and the Caribbean. It ist expected to create 20,000 direct and indirect jobs in South Florida. MANA Trade Center & International Finance Center (TCIFC) NW 2 Ave to I-95, NW 22 St to NW 24 St 9.72M SF Development on 23 Acres 2M SF Showrooms 1M SF Office Space 75K SF Retail 400 Key Hotel 3,487 SF Residential Units 8,483 Parking Spaces 2.5 Acre Public Park

12 PLANNED WOONERFS / 2827 N MIAMI AVE ASSEMBLAGE PLANNED WOONERFS FOR WYNWOOD S NRD-1 DISTRICT NW 3RD AVE BETWEEN NW 29TH ST AND NW 25TH ST NW 1ST AVE BETWEEN NW 29TH ST AND NW 25TH ST NW 1ST PL BETWEEN NW 23TH ST AND NW 20TH ST This modern version of the shared street originated in the Netherlands in the 1970s, thus the Dutch name. It has spread around the world, though the concept of people on foot mixing it up with horses, carriages, bicyclists, trolleys and, yes, even motorcars is an old one. Before urban streets were segregated for use primarily by cars, with pedestrians relegated to sidewalks, different modes of transportation mixed in freewheeling fashion in cities across the world and in the United States. Modern woonerfs are intended to put the pedestrian first. They often have no signage and no curbs, to avoid tripping obstacles and to provide a feeling of expansive shared space. Often they contain cues such as colored pavement or bollards to demarcate primary areas for pedestrians and cars.

13 WYNWOOD FACTS VISITORS AND TRANSACTIONS 1M+ PARKING TRANSACTIONS IN % OF MIAMI S PARKING TRANSACTIONS 20 K PARKING TRANSACTIONS A WEEK 88 WALK SCORE 10 KP/DAY WEEKDAY POPULATION 30 KP/DAY WEEKEND POPULATION 1.5M PEOPLE PER QUARTER MOST CITIBIKE USERS IN THE CITY OF MIAMI

14 CONTACT Lic. Real Estate Associate Lic. Real Estate Broker Sterling Equity Realty, LLC Lincoln Rd, Suite 200 Miami Beach, FL PHONE: +1 (305) Sterling Equity Realty, LLC Lincoln Rd, Suite 200 Miami Beach, FL PHONE: +1 (305)