Development Land with project approved proposed OFFERING ...
Transcript of Development Land with project approved proposed OFFERING ...
VILLAS AT PINECREST
Development Land with project approvedOFFERING MEMORANDUM
proposed
OFFERING PRICE Multifamily Development Land
Asking Price:
Land Size:
Zoning:
Property Type:
Project Approved:
$8,000,000
88,426 SF (±2.03 Acres)
RU-3
Development Land
Villas at Pinecrest
STRUCTURE
Investors should base their offers on an “as-is” and “where-is” basis.
TERMS
All cash due at closing
Off
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Project Proposed:
The Offering Investment Summary
Multifamily Development Land with an exclusive project approved and ready to start construction - Villas at Pinecrest.
The subject of this opportunity is sited in the village of Pinecrest, 20 minutes south of downtown Miami and 15 minutes from Miami
International Airport. It is also near two major highways, US1 and the Palmetto Expressway. Home to some of Miami’s most refined
residents. Pinecrest encompasses approximately eight square miles and is recognized as one of the most beautiful residential areas
in South Florida, as well as one of the ten best places in Florida for “quality of life.”
This is a very exclusive opportunity since multifamily spaces are very rare in the area. Villas at Pinecrest will be a collective of
eighteen luxurious and Coastal Contemporary styled villas, appealing to the privileged few who know how to discern architectural
grace, uncompromising detail and enduring quality.
Proj ect Vi l las at Pinecrest
Number of Buildings 4Total Townhouses planned 18Average Townhouse Size 3588 SF
Asking Price $8,000,000Adress 7520 SW 100 STREET
PINECREST, FL
Folio Numbers 20-5002-008-0010
Zoning20-5002-008-0020 RU-3
Total Land Size 88,426 SF
Address
proposed
Investment Highlights
• An amazing approved project with all the required
permits to start building.
• Prime location within The Village of Pinecrest
- Pinecrest is the ideal suburban village.
• Near US1 and the Palmetto Expressway.
• Luxury homes and family-friendly community.
• Near top-rated public schools.
• Villas at Pinecrest project is focus on
beauty, livability and details that leave a lasting
impression.
• $119,775 average Household Income within
3-mile radius.
• 91,000 cars per day on US-1
proposed
Investment Location
1.5 miles
4 miles
11 miles
13 miles 3.6 miles
• Key Distance
Project Overview
An amazing pool in the center of the community with
beautiful foliage surroundings creates a harmonious
ambiance for all.
• Gated Community
• Infinity Edge Pool
• Infinity Edge Spa
• Bathroom Cabanas with Retractable Roof
Project Amenities
Standard Features
• Chauffeured ceilings in living areas and floating ceiling in master bedroom• Impact resistant windows and doors• $10/sq. ft. flooring allowance material and installation• 9’ custom sliding doors in great room• Spacious walk-in closets• Designer coordinated lighting package• Linear diffuser air-conditioner grills in common areas and master bedroom• 7” wood baseboards• Interior pre-hung solid core doors• Sherwin Williams flat latex paint• Pre-wiring for cable, phone and internet in family room and bedrooms• Audio and video standard wiring in three locations• Dual high efficiency air-conditioning units• Remote controlled garage door• Front loader washer and duet steam dryer• Tank less gas water heater• Full security system with siren, motion detector and cellular connectivity• Optional laundry chute in select models• Residential elevator (optional)
Project Amenities
Elegant Bathrooms
• Top-quality fixture package• Countertop basin sinks• Double sink in master bathroom• Single sink in secondary bathrooms• $12/sq. ft. flooring allowance• Modern quartz countertops• Frameless glass shower enclosures• Mia Cucina cabinets
Gourmet Kitchen
• Wolf Sub-Zero luxury appliance package• 36” refrigerator with dispenser• Wolf 36” pro electric range/oven• Wolf 42” exhaust in ceiling• Wolf 24” microwave drawer• Sub-Zero 24” under counter wine cooler• ASKO 24” dishwasher• Top-quality fixture package• Mia Cucina Italian kitchen cabinets• Standard hardware for all cabinetry• Quartz countertops (standard selection)• Sub-Zero 24” refrigerator in 2nd story kitchenette
Project Amenities
Unique Exteriors
• Pre-fabricated wood roof trusses
• Aluminum windows
• Sherwin Williams acrylic flat paint
• Brick paver street and driveway
• Landscaping with automatic sprinklers
• Flat concrete roof tiles
• Aluminum louvered railings
• Custom decorative wood out lookers
• Decorative aluminum louvered accents
• Insulated aluminum garage doors
• Decorative siding
• Private backyards
• Secure intercom access
Project Floor Plans
Sea Grape
4 BEDROOMS 3 BATHROOMS 2 POWDER ROOMS DEN / MEDIA ROOM
A/C NON A/C TOTAL 2858 SF 560 SF 3418 SF
265.5 SM 52 SM 317.5 SM
FIRST FLOOR PLAN
SECOND FLOOR PLAN
THIRD FLOOR PLAN
Project Floor Plans
Buttonwood
4 BEDROOMS 3 BATHROOMS 2 POWDER ROOMS MEDIA / FAMILY ROOM
A/C NON A/C TOTAL 3145 SF 548 SF 3693 SF292 SM 51 SM 343 SM
FIRST FLOOR PLAN
SECOND FLOOR PLAN
THIRD FLOOR PLAN
Project Floor Plans
Coco Plum4 BEDROOMS 3 BATHROOMS 2 POWDER ROOMS MEDIA / FAMILY ROOM
A/C NON A/C TOTAL 2978 SF 503 SF 3481 SF
276.6 SM 46.7 SM 323.3 SM
FIRST FLOOR PLAN
SECOND FLOOR PLAN
THIRD FLOOR PLAN
Site Plan
CAD
FIL
E :
DESIGNER HEREBY EXPRESSLY RESERVES HIS COPYRIGHT AND OTHER PROPERTY RIGHTS IN THESE PLANS. THESE PLANS AND DRAWINGS ARE NOT TO BE REPRODUCED, CHANGED, OR COPIED IN ANY FORM OR MANNER WHATSOEVER WITHOUT FIRST OBTAINING WRITTEN PERMISSION AND CONSENT OF SOTOLONGO SALMAN HENDERSON ARCHITECTS, LLC. NOR ARE THEY TO BE ASSIGNED TO ANY PARTY WITHOUT FIRST OBTAINING SAID WRITTEN PERMISSION AND CONSENT.
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RAUL R. SOTOLONGO • AR-7712JENNIFER MALLON SALMAN • AR-17181
CORPORATE LICENSE� A A C 26001191
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ISOMETRIC VIEW
SITE PLAN
SITE PLAN ISOMETRIC VIEW
74.00'
LOT 3BLOCK 1
LOT 4BLOCK 1
LOT 7BLOCK 1
LOT 8BLOCK 1
LOT 9BLOCK 1
LOT 6BLOCK 7
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20' MIN.
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SECOND FLOOR A/C AREA (W/O ELEV'S & STAIRS)
FIRST FLOOR AREA (INCLUDING GARAGES)
TOTAL RESIDENTIAL BUILDING AREA
THIRD FLOOR A/C AREA (W/O ELEV'S & STAIRS)
F.A.R. CALCULATIONS
GRAND TOTAL
BLDG. II BLDG. IIIBLDG. I BLDG. IV
7,401.00 S.F.
7,119.00 S.F.
20,626.00 S.F.
3,460.00 S.F.
3,245.00 S.F.
3,018.00 S.F.
9,723.00 S.F.
8,825.00 S.F.
8,549.00 S.F.
7,161.00 S.F.
24,536.00 S.F.
2,319.00 S.F.
2,172.00 S.F.
6,515.00 S.F.
2,024.00 S.F.6,106.00 S.F.
20,626.00 S.F. + 9,723.00 S.F. + 24,536.00 S.F. + 6,515.00 S.F. + 362.00 =61,762.00 S.F. (72.99%)
MAX. ALLOWED = 61,770 S.F. (73%)
POOL HOUSE BATHROOMS 362.00 S.F.
84,617 X 26% = 22,453 S.F.
PROPOSED
MAX. ALLOWEDIMPERVIOUS SURFACE (I.S.R.)
LOT COVERAGE
GREEN SPACE
PROPOSED
MAX. ALLOWED
84,617 X 40% = 33,846.80 S.F.
40.05% OR 33,890.99 S.F.PROPOSED
MIN. ALLOWED
84,617 X 60% = 50,770.20 S.F.
59.95% OR 50,726.01 S.F.
EXISTINGZONING DATA
PROPOSED NO. OF UNITS
RU-3
18
NET LOT AREA 1.942539 ACRE84,617 SQUARE FEET
PROPOSED NET DENSITY 18 UNITS / 1.942539 ACRE = 9.27 UNITS PER ACRE
PARKING CALCULATIONS
PROPOSED
2.5 SPACES PER UNIT PLUS
60 SPACES (24 ON-STREET & 36 GARAGES)PROVIDED
REQUIRED 1 GUEST SPACE PER 4 UNITS2.5 x 18 = 45 SPACES
18 / 4 = 4.5 = 5 SPACESTOTAL = 50 SPACES
22,367.00 S.F.
S.W. 104th STREET
LOCATION MAP 1"=200'
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NOTES :
1. GARBAGE COLLECTION TO BE CURBSIDE PICK-UP.
2. THIS SITE PLAN, INCLUDING IT'S CALCULATIONS SHALL BE IN CONFORMANCE
WITH THE DEVELOPMENT ORDER APPROVED ON OCTOBER 11, 2011 AND
EXECUTED ON NOVEMBER 3, 2011 UNDER HEARING NUMBER 2011-0906-1.
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Site Plan Isometric View
SECTION 4) SOURCES OF DATA:
SECTION 5) LIMITATIONS:
SECTION 6) CLIENT INFORMATION:
SECTION 7) UTILITY SERVICES TO BE PROVIDED TO PROPOSED DEVELOPMENT:
SECTION 8) DEVELOPMENT INFORMATION :
SECTION 9) CONTACT INFORMATION:
SECTION 10) SURVEYOR'S CERTIFICATE:
HADONNE CORP. ,
Abraham Hadad, PSM
NOTICE:
SURVEYOR'S NOTES:
SECTION 1) DATE OF FIELD SURVEY:
SECTION 2) LEGAL DESCRIPTION:
SECTION 3) ACCURACY:
PRELIMINARY PLAT OF VILLAS AT PINECREST
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TREE No SCIENTIFIC NAME COMMON NAME CALIPER (INCHES) HEIGHT (FT) SPREAD1 QUERCUS VIRGINIANA LIVE OAK 8 15 152 QUERCUS VIRGINIANA LIVE OAK 10 18 183 QUERCUS VIRGINIANA LIVE OAK 11 20 204 QUERCUS VIRGINIANA LIVE OAK 10 20 205 MANGIFERA INDICA MANGO 13 18 206 QUERCUS VIRGINIANA LIVE OAK 13 20 207 MANGIFERA INDICA MANGO 14 20 208 MANGIFERA INDICA MANGO 14 20 209 MANGIFERA INDICA MANGO 19 17 2510 MANGIFERA INDICA MANGO 24 17 2011 MANGIFERA INDICA MANGO 14 18 1812 MANGIFERA INDICA MANGO 14 20 2013 MANGIFERA INDICA MANGO 24 20 2014 MANGIFERA INDICA MANGO 7 12 1015 MANGIFERA INDICA MANGO 18 18 1816 MANGIFERA INDICA MANGO 15 18 1817 MANGIFERA INDICA MANGO 17 18 1818 MANGIFERA INDICA MANGO 14 19 1919 MANGIFERA INDICA MANGO 16 20 1520 MANGIFERA INDICA MANGO 16 18 1821 MANGIFERA INDICA MANGO 18 25 2022 MANGIFERA INDICA MANGO 17 18 1823 MANGIFERA INDICA MANGO 14 20 2024 MANGIFERA INDICA MANGO 18 25 3025 MANGIFERA INDICA MANGO 17 20 2026 MANGIFERA INDICA MANGO 14 15 15
TREE No SCIENTIFIC NAME COMMON NAME CALIPER (INCHES) HEIGHT (FT) SPREAD27 MANGIFERA INDICA MANGO 16 20 1828 MANGIFERA INDICA MANGO 17 20 2029 MANGIFERA INDICA MANGO 16 20 2030 MANGIFERA INDICA MANGO 12 20 2031 MACADAMIA INTEGRIFOLIA MACADAMIA NUT 10 30 3032 MANGIFERA INDICA MANGO 16 25 2533 MANGIFERA INDICA MANGO 12 20 2034 MANGIFERA INDICA MANGO 17 25 2535 MANGIFERA INDICA MANGO 18 20 2036 SABAL PALMETTO SABAL PALM 10 15 737 SABAL PALMETTO SABAL PALM 10 18 738 SABAL PALMETTO SABAL PALM 11 18 739 QUERCUS VIRGINIANA LIVE OAK 11 18 2040 QUERCUS VIRGINIANA LIVE OAK 10 20 2041 QUERCUS VIRGINIANA LIVE OAK 12 20 2042 FOR IDENTIFY FOR IDENTIFY 12 18 2043 SABAL PALMETTO SABAL PALM 10 17 744 SABAL PALMETTO SABAL PALM 10 17 745 SABAL PALMETTO SABAL PALM 10 17 746 SABAL PALMETTO SABAL PALM 11 15 747 QUERCUS VIRGINIANA LIVE OAK 11 18 1848 SABAL PALMETTO SABAL PALM 12 15 749 QUERCUS VIRGINIANA LIVE OAK 11 20 2050 SABAL PALMETTO SABAL PALM 12 15 751 SENNA SURATTENSIS GLAUCOUS CASSIA 6 10 1052 QUERCUS VIRGINIANA LIVE OAK 11 18 20
127 MANGIFERA INDICA MANGO 14 20 20
VILLAS AT PINECREST
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Portion of SW. 1/4 of Section 2, Township 55 South, Range 40 East
SCALE 1" = 300'LOCATION MAP
Miami-Dade County, Floridaand Portion of SE. 1/4, of Section 2, Township 55 South, Range 40 East
Site Suvey
Exterior Renderings
Interior Renderings
Demographics SummaryExecutive Summary7520 SW 100th St, Pinecrest, Florida, 33156 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 25.67755
Longitude: -80.31723
1 mile 3 miles 5 milesPopulation
2000 Population 13,016 90,032 269,1712010 Population 14,305 90,577 271,4682016 Population 14,911 93,812 280,7932021 Population 15,679 98,254 293,4622000-2010 Annual Rate 0.95% 0.06% 0.09%2010-2016 Annual Rate 0.67% 0.56% 0.54%2016-2021 Annual Rate 1.01% 0.93% 0.89%2016 Male Population 47.4% 47.8% 47.8%2016 Female Population 52.6% 52.2% 52.2%2016 Median Age 40.3 41.6 42.0
In the identified area, the current year population is 280,793. In 2010, the Census count in the area was 271,468. The rate of change since 2010 was 0.54% annually. The five-year projection for the population in the area is 293,462 representing a change of 0.89% annually from 2016 to 2021. Currently, the population is 47.8% male and 52.2% female.
Median Age
The median age in this area is 40.3, compared to U.S. median age of 38.0.Race and Ethnicity
2016 White Alone 85.8% 87.3% 86.4%2016 Black Alone 3.1% 4.5% 6.5%2016 American Indian/Alaska Native Alone 0.2% 0.2% 0.1%2016 Asian Alone 5.8% 4.0% 3.0%2016 Pacific Islander Alone 0.0% 0.0% 0.0%2016 Other Race 2.5% 1.9% 1.9%2016 Two or More Races 2.6% 2.1% 2.0%2016 Hispanic Origin (Any Race) 58.3% 58.6% 64.6%
Persons of Hispanic origin represent 64.6% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 59.2 in the identified area, compared to 63.5 for the U.S. as a whole.
Households2000 Households 5,262 33,697 94,1742010 Households 6,019 34,565 95,6712016 Total Households 6,244 35,587 98,5862021 Total Households 6,552 37,147 102,8412000-2010 Annual Rate 1.35% 0.25% 0.16%2010-2016 Annual Rate 0.59% 0.47% 0.48%2016-2021 Annual Rate 0.97% 0.86% 0.85%2016 Average Household Size 2.38 2.63 2.79
The household count in this area has changed from 95,671 in 2010 to 98,586 in the current year, a change of 0.48% annually. The five-year projection of households is 102,841, a change of 0.85% annually from the current year total. Average household size is currently 2.79, compared to 2.78 in the year 2010. The number of families in the current year is 71,018 in the specified area.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.
November 28, 2016
©2016 Esri Page 1 of 2
Executive Summary7520 SW 100th St, Pinecrest, Florida, 33156 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 25.67755
Longitude: -80.31723
1 mile 3 miles 5 milesMedian Household Income
2016 Median Household Income $60,968 $75,913 $67,4272021 Median Household Income $67,149 $84,868 $77,1462016-2021 Annual Rate 1.95% 2.26% 2.73%
Average Household Income
2016 Average Household Income $98,240 $119,775 $106,3372021 Average Household Income $105,088 $128,445 $114,8772016-2021 Annual Rate 1.36% 1.41% 1.56%
Per Capita Income2016 Per Capita Income $41,006 $45,652 $37,6792021 Per Capita Income $43,764 $48,780 $40,5922016-2021 Annual Rate 1.31% 1.33% 1.50%
Households by IncomeCurrent median household income is $67,427 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $77,146 in five years, compared to $59,476 for all U.S. households
Current average household income is $106,337 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $114,877 in five years, compared to $84,021 for all U.S. households
Current per capita income is $37,679 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $40,592 in five years, compared to $32,025 for all U.S. households Housing
2000 Total Housing Units 5,515 34,971 97,5432000 Owner Occupied Housing Units 3,184 23,028 68,7762000 Renter Occupied Housing Units 2,078 10,669 25,3982000 Vacant Housing Units 253 1,274 3,369
2010 Total Housing Units 7,025 38,061 102,9512010 Owner Occupied Housing Units 3,481 23,391 68,2392010 Renter Occupied Housing Units 2,538 11,174 27,4322010 Vacant Housing Units 1,006 3,496 7,280
2016 Total Housing Units 7,240 39,426 106,5212016 Owner Occupied Housing Units 3,287 22,445 65,9672016 Renter Occupied Housing Units 2,957 13,142 32,6192016 Vacant Housing Units 996 3,839 7,935
2021 Total Housing Units 7,421 40,985 110,9722021 Owner Occupied Housing Units 3,402 23,220 68,4272021 Renter Occupied Housing Units 3,149 13,926 34,4142021 Vacant Housing Units 869 3,838 8,131
Currently, 61.9% of the 106,521 housing units in the area are owner occupied; 30.6%, renter occupied; and 7.4% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 102,951 housing units in the area - 66.3% owner occupied, 26.6% renter occupied, and 7.1% vacant. The annual rate of change in housing units since 2010 is 1.53%. Median home value in the area is $380,688, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 0.36% annually to $387,587.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.
November 28, 2016
©2016 Esri Page 2 of 2
Prepared by EsriData Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.
Prepared by EsriSource: ©2016 Kalibrate Technologies
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VILLAS AT PINECREST