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Florida & Gulf Coast  + South Florida  + Finance  | 
The largest undeveloped waterfront property in Miami still for sale for $1.225 billion

Prime Downtown Miami Waterfront Property to Sell for $1.225 Billion

SmartCity Miami LLC, an investment group led by Terra and its CEO, David Martin, has finalized terms to acquire a 15.5-acre site on Biscayne Bay. The group will purchase the site from Genting Group for $1.225 billion. The closing is set for later this year.

The site is midway between Miami Beach and Miami International Airport, and is the largest undeveloped waterfront property in Miami’s urban core. It offers more than 800 feet of frontage along Biscayne Bay and is adjacent to Miami’s Museum Park and the Adrienne Arsht Center for the Performing Arts.

Michael T. Fay, John K. Crotty, David Duckworth, and Brian de la Fé of Avison Young brokered the transaction on behalf of Genting Group. Ricardo Fraga of Greenberg Traurig and Laura Gangemi of Gangemi Law Group represented SmartCity Miami, LLC. A team led by Suzanne Amaducci at law firm Bilzin Sumberg represented Genting Group.

Read More News Stories About: Avison Young
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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Sale/Acquisition
  • ◦Development