139 NE 1st StMiami, FL 33132
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Shovel-ready hotel development with rare cost-saving advantages in Downtown Miami, steps from Miami Worldcenter, Brightline, and major corporate hubs. This fully entitled 163-room, 17-story project includes approved plans, demolition permits, and a 7-story steel structure, saving $5M–$10M in costs and cutting 6–12 months off development. The site qualifies for a 10-year Ad Valorem Tax Exemption and an estimated $8.74M in HTC benefits, creating major financial incentives. Located in one of Miami’s strongest hospitality markets, this prime investment opportunity offers luxury hotel plans with a rooftop pool and the option for a pre-negotiated Flag Hotel Operator lease once developed, providing a turnkey, corporate-backed asset with substantial upside.
| 2 months ago | Listing first seen on site | |
| 2 months ago | Listing updated with changes from the MLS® |
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.