1755 79th St Causeway
North Bay Village, FL 33141

Cushman & Wakefield, as an exclusive marketing advisor, is pleased to offer for sale AQUA at North Bay Village, a 1.34-acre (58,443 SF) waterfront development site located at 1755 Kennedy Causeway in North Bay Village. The site offers expansive views of Biscayne Bay with 300 feet of direct water frontage and is ideally situated between Miami Beach and Miami. The site is zoned CG – General Commercial District and is within the Bay View Overlay (BOV) District. The purpose of this zoning district is to encourage the development of hotel, office, retail and mixed use developments. The site allows for up to a 3.0x FAR. The site is currently leased for parking spaces for $59,532 per year. The lease allows for a 30-day opt out once a building permit is issued for construction. Current zoning allows density of up to 70 units per acre. However, at a recent commission meeting which occurred in February 2018, staff were presented the discussion of allowing increased density of up to 100 units per acre. Having already received the full support of the Village Planning & Zoning Board, the Village Commission is expected to make a decision by May 2018.