The Empire World Towers site could be the next in downtown Miami to sell for an expensive price.
A court-appointed receiver’s report on HFF’s marketing efforts for the 300 and 330 Biscayne Boulevard land indicates a deal could be completed as soon as Aug. 10. PMG-CH Downtown Developers is said to be the highest bidder with an $80 million offer. The use of PMG in the company name hints at the involvement of New York-based developer Property Markets Group in the bid for the two-acre site, which is approved for the development of two 93-story residential towers. [more]