Groups Bid $100 Million on a Downtown Miami Lot
by Sep Niakan | May 14, 2014
The waterfront lot next to Miami's EPIC Hotel and Residences has received two offers of over $100 million for the property.
A company tied to Ugo Colombo and Diego Lowenstein, developers of EPIC, want to sell the 1.25 acre lot located at 300 Biscayne Boulevard Way, and have hired brokers to sell it. CBRE, a commercial real estate company, began showing the property to prospective buyers about a month ago.
Since then, almost 100 groups have been interested in acquiring the property, but Given and Gerard Yetming, the brokers leading marketing for the lot, will not respond to the bids until all have been made.
“We’re looking for the best combination of pricing as well as the quality of the developer,” Given said. They believe there is more to selling the property than the price tag.
In the history of Miami, only nine properties have sold for over $100 million, including the Related Group's purchase of the 444 Brickell Avenue property for $104 million in December of 2013.
Photo credit: Downtown - therealdeal.com,
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...