search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudCity Council approves zoning change to greenlight casinosCity Council approves zoning change to greenlight casinosLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoff
South Florida

Swire beats the pack with $65M bid in Brickell

Brickell CityCentre
Brickell CityCentre

Swire Properties bested two competitors for an undeveloped site at 700 Brickell Ave. in Miami with its $65 million bid, South Florida Business Journal reported, citing unnamed sources.

Swire won out over Related Group and Fortune International at an auction held by the property’s owners, according to the Journal.

Swire is developing the $1 billion CityCentre adjacent to the site, which it now reportedly has under contract.

Sign Up for the undefined Newsletter

Late last month, Related bought an undeveloped, 1.37-acre parcel steps away from CityCentre, as TRD reported.

CityCentre, which spans more than five city blocks, according to Curbed, includes hotels, condos, offices and retail, to be managed by the owners of Bal Harbour Shops, Stanley Whitman and family executives.

The newspaper was unable to reach Swire for comment. [SFBJ] –Emily Schmall

Tags
BrickellInternational Real EstateReal Estate CompaniesReal Estate GroupsRelated GroupSwire Properties