MIAMI—With more investors are looking for transit-orienteddevelopment opportunities, Keating Resources mayfetch top dollar for its 20.57-acre site in Hialeah. The company ismarketing the Market Station Development Site for a mixed-use,transit-oriented development.

The industrial site sits at 725 Southeast 9thCourt. That's less than a mile from the Hialeah MarketStation/Tri-Rail Station. The City of Hialeah in November approveda proposed resolution to amend the Comprehensive Plan and ZoningCode to allow for a Transit Oriented Development Overlay District(“TOD”). The TOD aims to promote and encourage pedestrianism,mobility, and transit ridership through vertical and horizontalmixed-use development.

“As we have seen in Doral, Miami's recovery and land boom isreverberating in areas just outside the urban core where themultifamily fundamentals are strongest, and Hialeah is home to someof the best multifamily market fundamentals in South Florida,” saysGerard Yetming, senior vice president atCBRE who is marketing the property. Thanks to thenew zoning, the site now could be redeveloped into large-scale,mixed-use transit project in one of Miami's most populoussuburbs.