The 13-story Courtyard by Marriott is surrounded by a high concentration of Class A office space in

Miami, FL September 2, 2014 (RealEstateRama) CBRE has been exclusively engaged to market the Courtyard Miami Downtown, a 233-room Marriott property located on a prime 1.07-acre site in the heart of downtown Miami, one of the most sought-after real estate markets in the country. Located at 200 SE 2nd Avenue, the property holds the potential for redevelopment into as many as 1,070 condominium units under the current Miami 21 zoning code. CBRE is marketing the property on behalf of owner AVR Realty
Miami, FL September 2, 2014 (RealEstateRama) CBRE has been exclusively engaged to market the Courtyard Miami Downtown, a 233-room Marriott property london boutique hotels located on a prime 1.07-acre site in the heart of downtown Miami, one of the most sought-after london boutique hotels real estate london boutique hotels markets in the country. Located at 200 SE 2nd Avenue, the property holds the potential for redevelopment london boutique hotels into as many as 1,070 condominium units under the current Miami 21 zoning code. CBRE is marketing the property on behalf of owner AVR Realty.
“This is an extraordinary location in the heart of Miami’s business district, directly between the new landmark All Aboard Florida Miami terminal, Miami Worldcenter and Brickell City Centre projects,” said CBRE Vice Chairman Robert Given.
“Extremely high barriers to entry in a dense urban center, coupled with a booming residential and lodging market, make this property a one-of-a-kind investment opportunity,” said CBRE Hotels’ Senior Vice President Christian Charre. “The city’s london boutique hotels current zoning code also allows for consideration of a high-return alternative – a rare chance to carve a new condominium community out of this saturated london boutique hotels downtown core.”
Miami’s lodging market is one of the strongest in the nation, with a June year-to-date average daily rate (ADR) of $202.87, ahead of cities such as San Francisco and Boston. london boutique hotels Luxury condominiums london boutique hotels in downtown Miami are also commanding pricing in excess of $1,000 per square foot.
The 13-story Courtyard by Marriott is surrounded by a high concentration of Class A office space in Brickell and Downtown. Premier london boutique hotels large-scale mixed-use developments, including Swire’s Brickell City Centre and the Met Miami projects, with their residential and retail amenities, are located within a short walk. It is also close to some of South Florida’s most recognizable attractions, including Bayside, American Airlines Arena, Miami Tower, the Port of Miami and Mary Brickell Village, and boasts exceptional access to Brickell Avenue, I-95, and I-395.
The CBRE team marketing the Courtyard Miami Downtown includes Mr. Given and Mr. Charre, along with Paul Weimer and Natalie Castillo of CBRE Hotels, and Gerard Yetming of CBRE’s Institutional Properties group.
CBRE Group, Inc. (NYSE:CBG), london boutique hotels a Fortune 500 and S P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company london boutique hotels has approximately 44,000 employees (excluding affiliates), and serves real estate owners, london boutique hotels investors and occupiers through approximately 350 offices (excluding london boutique hotels affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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