2060 PONCE DE LEON AVE

Acquisition Parameters • Available Parcels: The asset consists of two contiguous parcels: 2060 Ponce de Leon Ave and 2102 Ponce de Leon Ave, which combine to offer a total footprint of approximately 0.34 acres. Asking Price: Each individual 0.17-acre lot is listed at $5,000,000, bringing the combined land acquisition cost to $10,000,000 (equivalent to an aggressive premium of ~$29.4M per acre). • Site Condition: The lots are vacant, cleared, and equipped with ready utility connections, eliminating heavy demolition timelines. • Development Precedent: The city has approved an 80-unit, 202-foot-tall structure with height incentives on neighboring lots, signaling strong municipal support for density on these specific blocks. • Location Context: The parcels sit behind the recently sold 1.6 acre parcel for 90Mil. placing this dirt in the absolute heart of the new Currie Corridor redevelopment zone and shattering all recent comps.