5.8-Acre Miami Riverfront Development Site (Palmer Lake)

3601-3361 Northwest South River Drive,

Miami, FL 33142

Price:
Unpriced – TBD by Market
Zoning
PLMUC-Palmer Lake Metropolitan Urban Center
Square Feet:
35,603 SF – Existing Building Size (*MDPA)
Lot Size:
252,698 Square Feet or 5.8 Acres (*MDPA)
Type of Ownership:
Fee Simple

INVESTMENT OVERVIEW

Jones Boatyard represents an irreplaceable development opportunity in Miami-Dade County — a ±5.8-acre riverfront assemblage proximate to Miami International Airport, the new Freedom Park (home to the InterMiami soccer team), 400 linear feet along the Miami River, deep water access to Downtown Miami and Biscayne Bay, as well as exclusive access into Palmer Lake.

Palmer Lake is one of Miami-Dade County’s most forward-looking and development-ready planning districts and the flexible Palmer Lake Mixed Use Corridor zoning allows for a substantial future redevelopment of the site which can include apartments, hotel rooms, mixed-use retail, and waterfront entertainment uses by right. 

PALMER LAKE & MIAMI RIVER: AN UNTAPPED ENTERTAINMENT FRONTIER

What sets Jones Boatyard apart from every other development site in the Miami River corridor is its exclusive access to Palmer Lake — a pristine, largely undeveloped inland lake that has never been meaningfully activated for public entertainment, hospitality, or recreation. The vision to unlock this asset is not speculative; it is codified in the PLMUC district plan and the County’s own Palmer Lake Charrette Area Study, which envisions the lake and its surroundings as the centerpiece of a transformed urban district.

Combined with approximately 400 linear feet along the Miami River — a navigable waterway connecting directly to Biscayne Bay and the Atlantic Ocean — this property offers connectivity to Miami International Airport, Freedom Park along with the neighboring planned entertainment and Downtown Miami.

Potential activation concepts:

  • Waterfront dining and bar venues with Palmer Lake or Miami Riverfront views
  • Floating event platforms and concert venues on Palmer Lake
  • Private marina and super-yacht dockage along the Miami River
  • Water taxi and ferry connections to Freedom Park, Downtown Miami/Brickell
  • Airport water shuttle service for MIA arrivals — a first for Miami
  • Signature riverwalk promenade connecting both waterways

 

ZONING: PLMUC — MAXIMUM DENSITY, MAXIMUM FLEXIBILITY

The property is zoned PLMUC (Palmer Lake Metropolitan Urban Center District), one of the most permissive and development-friendly designations in Miami-Dade County. Established to implement the County’s Comprehensive Development Master Plan, the PLMUC is specifically designed to support high-density, mixed-use, transit-oriented, and waterfront-compatible development — exactly the program that Jones Boatyard demands. (See page 20 for more zoning information.

LOCATION: THE CENTER OF MIAMI’S NEXT CHAPTER

Jones Boatyard is positioned at the geographic and economic center of Miami’s most significant wave of investment with billions of dollars of public and private capital being deployed.

Miami Freedom Park — Less than 1 mile away

The $1B+ Miami Freedom Park is under active construction immediately adjacent to the subject property. This 131-acre master-planned destination — anchored by Inter Miami CF’s 25,000-seat soccer stadium and encompassing over 500,000 SF of retail, hospitality, and entertainment, 1 million SF of next-generation office space, a 58-acre public park, and a 750-key hotel — is slated for a 2026 opening. Jones Boatyard is positioned to serve as the waterfront residential and entertainment gateway for the tens of thousands of visitors, workers, and residents this development will draw every week.

Miami International Airport — Less than 2 miles away

MIA is currently undergoing a $9 billion modernization effort and remains one of the busiest international airports in the United States, connecting Miami to over 100 countries and processing tens of millions of passengers annually. Its proximity creates a unique hospitality demand driver for the subject site and, critically, makes Jones Boatyard the only development site in Miami with genuine potential for airport-accessible waterfront entertainment — connecting arriving passengers via water taxi or river shuttle directly from the MIA corridor.

Amazon / Prologis Distribution Facility — Adjacent

The Prologis-developed, LEED Gold-certified Palmer Lakes Logistics Center — South Florida’s first multistory last-mile logistics facility at approximately 1 million SF — sits directly adjacent to the property, anchoring area employment and supporting sustained workforce housing demand on-site.

Miami Health District, Downtown, Brickell & Wynwood — Minutes Away

The property’s central location places it within minutes of Florida’s largest medical employment cluster (the Jackson Memorial Health District), Miami’s financial core in Brickell, and the city’s most dynamic cultural neighborhoods including Wynwood and the Design District — providing a deep, diverse, and growing deman

INVESTMENT HIGHLIGHTS

  • Irreplaceable ~5.8 Acre Assemblage with 400 Linear Feet of Deep Water Frontage along the Miami River
  • Maximum Density of 250 Buildable Units per Acre allowed (with 12.5% Workforce Housing Required)
  • Proximate to the Miami International Airport, Freedom Park Soccer Stadium, Amazon Distribution Facility
  • Attractive “Palmer Lake Metropolitan Urban Center” Zoning allows for Significant Mixed-Use Development
  • Covered Land Play with Established Multimillion Dollar Business Operating allowing for Flexible Timing
  • Dense, In-Fill Location with 5-Mile Population Exceeding 670,000 Residents, Daytime Population 900,000+

EXCLUSIVELY LISTED BY

AARON O'CONNOR

Senior Director Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com