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Florida & Gulf Coast  + South Florida  + Apartments  |  August 4, 2021
David Cohen
By: David Cohen

Colliers Brokers $10M Sale of Downtown Miami Development Site

Colliers’ Urban Core Division has arranged the $10 million sale of a development site located at 56 SW 1st St and 65 SW 2nd Street in downtown Miami.

The site will be home to M Tower, a 53-story, 440-unit apartment tower. M Tower will consist of 622,783 square feet of gross building area, with 25,732 square feet of office space and 1,089 square feet of retail. The development site also includes a parking garage owned by the Miami Parking Authority (MPA), located at 70 SW 1st St.

Mika Mattingly and Cecilia Estevez of Colliers represented the seller, Downtown 56, in the transaction. EP Realty’s Estrella Perez represented he buyer, Downtown 1st Street LLC.

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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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