1 ALHAMBRA PLAZA PH SUITE/MULTIFAMILY Miami, FL 33134

Listing agency Cresglobal Corporate Real Estate Soluttions LLC

Listed by Corporate Real Estate Solutions LLC/CRESGLOBAL Douglas Taber Executive Director/George L. Castilla CEO/CIO · License #FL CQ-1037240

Source Crexi

Added: Apr 10 Updated: Jul 21 at 1:50AM Checked: Jul 22 at 11:47AM

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Investment Insights

Based on property information with market context.

Off-market developer investment opportunity for an HOA to multifamily conversion and future redevelopment. The offering materials describe a proposed multi-tower concept for a multi-family resort with beach sand access, supported by conceptual redevelopment images only.

The project is presented as a three-tower plan totaling approximately 1.2 million SF and roughly 1,200 units, as referenced in the municipal building code notes within the materials. The seller states an initial starting price of $200M, with final terms to be determined through best-and-final negotiations among financially pre-qualified investors selected by the HOA and unit ownership.

The package further discusses a non-binding financial pro-forma including a referenced class B+ HOA and 362-unit ownership, along with a described leaseback structure and NOI ranges in the materials. Access to the financial, legal, and due diligence work product is described as contingent on delivering an executed NDA/LOI in accordance with the stated protocol, including proof of funds requirements.

Key Highlights

• Off‑market HOA‑to‑multifamily conversion project with future redevelopments proposed as a multi‑family resort with beach sand access
• Concept proposes 3 towers and approximately 1.2M SF for about 1,200 units (as per municipal building code stated in materials)
• Starting price noted as $200M; final price to be determined via best‑and‑final call among selected investors for the HOA and unit ownership

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FAQs

What type of property is this?

Apartment building - Off-market project proposed for HOA-to-multifamily conversion with a future multi-tower concept and beach sand access.

Where is this apartment building located?

The property is located at 1 ALHAMBRA PLAZA PH SUITE/MULTIFAMILY Miami, FL.

What are key features of this property?

This property features: Off‑market HOA‑to‑multifamily conversion project with future redevelopments proposed as a multi‑family resort with beach sand access; Concept proposes 3 towers and approximately 1.2M SF for about 1,200 units (as per municipal building code stated in materials); Starting price noted as $200M; final price to be determined via best‑and‑final call among selected investors for the HOA and unit ownership