Bankruptcy Sale: USBC Southern District of Florida. Petition No: 1:25-bk-11136-LMI | In re: Sky Gardens Residences, LLC

Bid Deadline: September 23, 2025, at 5:00 p.m. (ET)

Auction: September 26, 2025, starting at 10:00 a.m. (ET)

Opening Bid: $4,500,000

Minimum Overbid: $4,550,000

This parcel is slated for a proposed 20-story, Class-A, multifamily development. Positioned at the corner of NE 163rd St. and NE 19th Ave., the site sits within a growing residential corridor with strong connectivity to major roads, employment centers and surrounding amenities.

The proposed project includes 341 studio, one- and two-bedroom units (averaging 752± SF per unit) with private terraces, high-end finishes & luxury amenities. Plans also call for over 11,600 ± SF of ground-floor retail space and structured parking for 400+ vehicles.

Zoned for mixed-use under the Fulford MU/TC district, the property is eligible for Community Redevelopment Agency incentives, including a potential 75% property tax reduction for 20 years in exchange for workforce housing. This offering presents a compelling opportunity in one of South Florida’s fastest-evolving submarkets.

(Note: all building images are renderings.)

Hilco Real Estate, LLC, in cooperation with Jiovanny Restrepo, FL Broker, Lic. #3105916.