Development opportunity in Miami beach, being sold in conjunction with 1550 Michigan ave. Current Gross Square Footage: 2,018 sqft Proposed Gross Square Footage: 10,000 sqft Units must be a minimum of 800 sqft Any newly built structures could be up to TWO stories. If City of Miami Beach Preservation Board agrees, there is the potential to build everything within this lot as NEW construction. Although built in the 1930’s, this structure doesn’t carry any architectural significance; therefore a variance can be more easily achieved. The additional residential structure can be demolished and does not require city approval. The property would qualify for Parking Impact Fees if the redevelopment does not provide required parking on-site.