H
ilco Real Estate Sales has announced a qualifying bid deadline of July 22, 2025, for the 0.86± AC development parcel at 16300 NE 19th Ave in North Miami Beach, Florida. The site is fully entitled for a 20+-story, 341-unit Class-A multifamily development with commercial space and parking.
Strategically located near Dixie Highway and I-95, this shovel-ready site offers strong access to major transportation routes and sits within 15 miles of both Miami International and Fort Lauderdale International Airports. The MU/TC zoning designation allows for a blend of residential and commercial uses.
Skygarden Miami is designed as a modern residential community with studios, one-bedroom, and two-bedroom layouts featuring private terraces, in-unit laundry, and upscale finishes. Residents will enjoy luxury amenities including a rooftop garden, resort-style pool and spa, fitness center, and lounge spaces.
The property also offers a rare financial advantage: eligibility for a Community Redevelopment Agency (CRA) tax incentive program, which could provide up to 75% property tax exemption over 20 years if workforce housing criteria are met. This significantly enhances long-term investor returns.
The surrounding area is experiencing a development boom with over 3,500 units approved or completed within a three-mile radius. The site's location within a dense, evolving urban corridor and strong local rental demand make it a prime target for institutional investors and developers focused on long-term growth and income.
Jeff Azuse, executive vice president at Hilco Real Estate Sales, stated, "Skygarden Miami offers the rare combination of design approvals, CRA tax incentives, and a location poised for long-term appreciation. It's a turnkey opportunity in one of South Florida's most rapidly evolving markets."
Qualifying bids must be received on or before July 22, 2025, at 12:00 p.m. (ET) based on the Asset Purchase Agreement document available for review and download from Hilco Real Estate Sales' website.
Interested bidders should review the requirements to participate in the bankruptcy sale process available on Hilco Real Estate Sales' website. For further information, please contact Steve Madura at (847) 504-2478 or [email protected], Michael Kneifel at (847) 201-2322 or [email protected] , or Jeff Azuse at (847) 418-5032 or [email protected].
