The Harbor at North Bay Village

MSP Group and Blanca Commercial Real Estate are proud to be the exclusive listing brokers of The Harbor at North Bay Village site located at 7909-7911 East Drive in North Bay Village. The Harbor site represents a prime waterfront redevelopment opportunity amid the transformative wave sweeping through North Bay Village. Currently home to two 2-story buildings with 29 condo units, this waterfront property is strategically positioned for a visionary developer to capitalize on Miami’s ongoing ascent as the ultimate destination for the world’s elite. At elevation, mid- and upper-floor units will enjoy expansive panoramas from downtown Miami to Sunny Isles, while the neighborhood’s ongoing gentrification, enhanced by public amenities like the future Island Walk promenade, promises robust appreciation and a sophisticated, self-sustaining community.

The current zoning (RM-70) allows for an as-of-right development of 38 units with a maximum height of 150 feet, with the possbility of boosting the density via Transferable Development Rights (TDR) to 50 units with a maximum height if 195 feet (subject to TDR bank capacity).  This offering represents a generational opportunity to acquire a premier waterfront development site in North Bay Village, a three-island enclave situated between mainland Miami and the world-famous sands of Miami Beach. The Village’s central location, tranquil setting, and forward-thinking 2020 zoning code—which allows for taller structures and higher densities—have ignited a development renaissance, attracting over $2 billion in new projects. As demand for luxury residences along Miami’s coastline continues to outpace supply, this site is perfectly positioned to deliver a landmark waterfront destination and capture significant value.

The site offers wide bay views looking east with panoramas from downtown Miami to Sunny Isles and is well situated within the neighborhood.  Future residents will be downt the block from the Ritz Carlton Residences being developed by The Related Group and Macklowe Properties.  They will also benefit immensely with proximity to dining, shopping and entertainment venues which will be a short walk along the future Island Walk promenade to the planned Sunbeam mega-project, which is spread over 13 acres and promises 7+ million square feet of mixed use, class-A property.