Currently, the 2.9 acre redevelopment site contains a twelve story office building, a one-story retail shopping strip center, a two-level parking garage, and a free-standing one-story retail building. This mix of retail and office with ample parking affords a an investor the opportunity to add value through property upgrades therefore comparably increasing rent and occupancy to its market peers.This 2.9 acre parcel of covered land offers tremendous upside in redeveloping the property to include multifamily uses, a hotel, self-storage, retail, and a mix thereof under North Miami Beach's new MU/IB zoning district which allows a density of 232 dwelling units to be built within eight to ten story height limits.