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Florida & Gulf Coast  + South Florida  + Office  |  June 29, 2021
Brickell Skyline, Miami
David Cohen
By: David Cohen

Downtown Miami Development Site Trades for $46M

Colliers’ Urban Core Division has arranged the $46 million sale of Miami Center, a 92,972-square-foot development site in Miami’s Central Business District.

Located at 16 SE 2nd St., the site is currently home to a parking lot and is the last significant development site remaining in downtown Miami’s Central Business District. Based on the site’s T6-80 zoning, this is one of the largest land sales in downtown Miami. The zoning designation allows several uses, including residential, hotel, office and retail. The maximum height permitted at the site is 80 stories with unlimited height available through public benefit bonuses.

Mika Mattingly of Colliers represented the sellers, Wharton Equity Partners and Cross Lake Partners, in the transaction. The buyer, Enrique Manhard, was represented by Estrella Perez of EP Realty Group Inc.

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Inside The Story

Colliers’ Mattingly

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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