Brickell Development Continues
An update from Colliers
As Brickell continues to surge with investment demand for development sites with multifamily opportunities, Colliers facilitated the sale of Ninth Street West Brickell, a 0.47-acre development site. The site consists of two parcels strategically located off 9th street at 180 SW 9th Street and 160 SW 9th Street in Miami.
“As Miami continues to experience increased employment fundamentals and population growth, investors have shifted their focus to developing apartment projects to meet the demand,” Colliers Senior Director Virgilio Fernandez says. “The site was a brilliant acquisition for Alta Development as they will have the opportunity to capitalize on delivering a midmarket apartment product during an affordability crisis while benefitting from support from the city and county.”