SUMMIT AT BROOKLYN YARD

CLICK HERE TO VIEW OFFERING MEMORANDUM

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire a development opportunity in Tallahassee, FL, centrally located between Florida State University and Florida Agricultural and Mechanical University which combine for more than 53,000 students. Summit at Brooklyn Yard is a fully approved multi-family/student housing development project that consists of 1.30 +/- Acres and a new buyer can build 79-units/128 student housing beds with the current owners fully approved plans.  The property has over 300 feet of frontage on the brand new FAMU way, which provides walkability to all student hotspots such has railroad square art park, The College Town Nightlife District, FSU Campus, and FAMU Campus. The proposed plans include amenity space for an onsite leasing office, gym, TV lounge with shared kitchen, and a study room. The proposed unit mix consists of 12 Studios, 30 1x1’s, and 37 2x2’s with total rentable square feet of 55,370.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

79
APPROVED UNITS

128
APPROVED BEDS

1.30 +/- ACRES
LOT SIZE

PRICED AT
MARKET BID

VITAL PROPERTY DATA

  • PROPERTY NAME: Summit at Brooklyn Yard

  • Property Addresses: 604 Eugenia Street, Tallahassee, FL

  • COUNTY: Leon

  • ASSESSOR’S PARCEL NUMBER: 4101202310000

  • PROJECT TYPE: Residential

  • PROJECT SUB-TYPE: Apartments (Student Housing)

  • PROJECT STATUS: Approved

  • DATE APPROVED: September 2021

  • NUMBER OF APPROVED PARKING SPOTS: 45+ STREET PARKING

  • NUMBER OF APPROVED UNITS: 79

  • NUMBER OF APPROVED BEDS: 128

FULLY APPROVED LAND DEVELOPMENT OPPORTUNITY

  • 1.30 +/- Acres of Raw Land With Fully Approved Plans to Build 79-Units/128 Student Housing Beds

  • Proposed Favorable Unit Mix of Studios, One-Bedroom, and Two-Bedroom Units with 55,370 Total Rentable Sq. Ft.

  • Amenities to Include On-Site Leasing Office, Gym, TV Lounge with Shared Kitchen, and a Study Room

  • Ideal Location on FAMU Way, Located Between Florida State University & Florida A&M University (53,137 Students)

  • Over 300 Feet of Frontage on FAMU Way Which Features New Landscaping, Roundabouts, and Jogging Trail to The New Cascades Redevelopmen

  • Centrally Located within 5-Minutes of All Major Tallahassee Student Destinations

  • One of the Last Remaining Raw Land Sites on FAMU Way Directly adjacent to the Railroad Square Art Park

HIGHLY ACCESSIBLE, CENTRALIZED LOCATION

  • 25-Feet to Florida A&M University (9,184 Students)

  • 1-Minutes to the Railroad Square Craft House (Craft Beer and Wine)

  • 1-Minute to the Railroad Square Art District

  • 2-Minutes to the site of the New FSU College Of Business Legacy Hall

  • 2-Minutes to Madison Social and the College Town Nightlife Destination)

  • 3-Minutes to the $150M+ Cascades Mixed-Use Development)

  • 3-Minutes to Proof Brewing Company

  • 3-Minutes to Donald Tucker Civic Center (FSU Basketball)

  • 4-Minutes to Doak Campbell Stadium (FSU Football)

  • 4-Minutes to Florida State University (43,953 Students)

  • 4-Minutes to Downtown Tallahassee (Florida State Capital)

TALLAHASSEE: A GROWTH MARKET

  • Florida State University YoY Enrollment Growth Rate: 2.51% (Fall 2020)

  • Florida State University Two-Year Application Growth: 59.33%

  • 18th Best College Town in the U.S. (Best College Reviews)

  • Top 100 Real Estate Markets to Watch in 2020 (Buildium)

  • Fastest Growing Economy Per Capita in Florida (U.S. Dept. of Commerce)

  • Top 10 Real Estate Market to Watch in 2019

  • 7th Largest City in Florida

  • 11th Most Educated City in the U.S. (Forbes)

DEAL TEAM CONTACTS

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours