The Real Deal Miami

Miami River property once owned by Mary Brickell for sale

Site includes three buildings and 200 feet of water dockage

February 16, 2015 12:45PM
By Ina Cordle

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131 Northwest North River Drive collage

131 Northwest South River Drive

A 20,400 square-foot property along the Miami River — once owned by Mary Brickell — has recently been listed for sale by Conway Commercial Real Estate, amid a surge of interest in the area.

The site, at 131 Northwest South River Drive, features three independent buildings: a 2,441-square-foot warehouse with 18-foot ceilings; a contemporary, two-story, 2,225-square-foot townhouse; and a 1,382-square-foot office building.

The Miami riverfront lot also includes 200 feet of water frontage, dockage and water rights along with sweeping views of Brickell and Downtown, Conway said. The price is listed on “a call for offers” basis, the firm told The Real Deal. Miami-Dade property records show the owner as River Arts Building LLC, whose manager is Jeff Christ, according to Florida corporate records.

Situated on the south side of the river, the property is directly across from historic Lummus Park and Garcia’s Seafood Grille & Fish Market.

The Miami River is spilling over with new development, with proposed projects that include the $300 million River Landing, a massive nine-acre development that will include apartments, retail and a linear park along the riverwalk.

Various restaurants are also in the works, including Sushi Samba, Edge, River Oyster Bar, Fox Hole Marketplace and Deli at Latitude on the River.

The area is also drawing interest from major developers, like Shahab Karmely, founder and principal of New York-based Kar Properties. His firm began amassing properties along the river 2013, first paying $27.5 million for a 1.8-acre river property at 24 Southwest Fourth Street, which was the site of two failed condo projects. Karmely then added two more adjacent river parcels totaling three acres, for a combined purchase price of $33.1 million.

“The Miami River gateway is positioned for considerable growth within the coming years,” Thomas Conway, principal of Conway Commercial Real Estate, said in a statement. “With its rich history, direct access to Biscayne Bay and untapped development potential, it was only a matter of time before attention shifted to this area from the downtown urban core.”

  • Skip Van Cel

    So is the price secret?

    • Martim

      It’s a bidding process…they amass bids and select the highest offer.

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