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Florida & Gulf Coast  + South Florida  + Apartments  |  April 17, 2026
Park West neighborhood
Mike Boyd
By: Mike Boyd

CBRE Tapped to Market Marquee Miami Development Site

CBRE announced it is marketing downtown Miami’s largest remaining development site for $500 million, offering more than 10 million square feet of development potential. The 6.6‑acre property in the Park West neighborhood, known as the Miami Business & Entertainment District, is positioned for a large-scale mixed-use development that also allows up to 6,602 residential units across residential, office, hotel, and retail uses.  The site is located at 1151 NW 1st Ave.

Robert Given, Brad Capas, Troy Ballard and James Quinn with CBRE are representing sellers Marc Roberts of the Marc Roberts Companies and Michael Simkins of Lion Development, co-developers of the adjacent E11ven Club Hotel & Residences, E11even Club Residences Beyond, and West Eleventh Residences Miami, in marketing the development site.

“At a price of $500 million, we expect strong interest from a broad range of global investors and developers seeking to transform this site into Miami’s next skyline‑defining mixed‑use development,” said CBRE’s Robert Given.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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