Lee & Associates South Florida Obtains Premier Miami Development Assemblage Investment Sales Listing
Principal Michael Hinton tapped to exclusively market Biscayne Boulevard development site with $32 million asking price
MIAMI, FL (February 21, 2025) – Lee & Associates South Florida Principal Michael Hinton, CCIM, secured the exclusive investment sales listing for a high-density development assemblage located on Miami’s Biscayne Boulevard. The six-parcel site is being marketed with a $32 million asking price.
The 36,998-square-foot assemblage at 3350 Biscayne Blvd. has existing zoning approvals for a 172-unit high-rise development. Its seller is in the process of applying for a significant density increase under the Live Local Act, however. Once that application is approved in the next few months, the eventual owner could build a 47-story, 499-unit tower with a mix of luxury and workforce housing units.
“This offering is a rare opportunity to acquire a high-density development site with a Biscayne Boulevard address in the highly desirable Edgewater Miami neighborhood,” Hinton said. “The pending Live Local Act application would maximize the site’s potential and benefits to the city. We are already receiving substantial interest from prospective buyers.”
Based in Miami, Hinton has more than 25 years of experience specializing in investment sales. He is the 2025 President of the Florida chapter of influential industry organization CCIM. Hinton’s transaction output exceeds $253 million in total value, including a recent landmark development site for a brand New Luxury Tower in Edgewater dubbed “Tower 36” that closed in late 2024 for $53 million.
Hinton, who joined Lee & Associates South Florida in fall 2024, is a sought-after advisor for a wide range of clients, including Union Planters Bank/Regions Bank, Commercebank/Mercantil Bank and Principal Global Real Estate Investments.
“In just a short time since joining our firm, Michael Hinton is already obtaining big-ticket investment sales listings like this incredible Edgewater Miami development assemblage,” Lee & Associates South Florida President Matthew Rotolante said. “Between Michael’s relationships and our best-in-class platform and referral network, I have no doubt he will produce a favorable outcome for this client.”
For more information on Lee & Associates South Florida’s recent transactions and available listings, visit www.leesouthflorida.com
