Posted Apr 22, 2022, 9:17 PM
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Registered User
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Join Date: Jul 2005
Location: Miami
Posts: 4,096
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Developer sells the lot. Who knows what the new owner (a Houston developer) will have in store.
https://therealdeal.com/miami/2022/0...r-record-363m/
Quote:
Waterfront Brickell development site of planned supertalls sells for record $363M
A waterfront development site in Miami’s Brickell traded for a record price of $363 million.
An affiliate of Florida East Coast Realty, led by Tibor Hollo and his family, sold the empty lot at 1201 Brickell Bay Drive to a Delaware company.
A Florida LLC with the same name as the buyer was created this month and is managed by Randall Davis with a Chicago address. It’s unclear if the buyer is Randall Davis, the prominent Houston developer who leads Randall Davis Company. The firm did not immediately respond to a request for comment.
The 2.5 acre property sold for $3,340 per square foot, or about $145 million per acre.
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