Miami condo site finds buyer

A 5.65-acre site at South Miami Avenue and Eighth Street has a buyer, but details about the deal are under wraps until the transaction is complete, according to Larry Stockton, senior vice president with Colliers Abood Wood-Fay. The parcel at 700 and 701 South Miami Avenue, which is zoned for mixed-use development, was to be home to the $2.2 billion Brickell CitiCenter, which could have been the tallest building in Miami-Dade County. The land was also on the market in August 2007. According to county property records, the land, which is comprised of 26 smaller lots on the county’s property search Web site, is valued at about $49 million.