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The Real Deal Miami

Firms partner on $11.5 million Brickell parking garage buy, plan condo conversion

July 18, 2012 04:30PM

Developer Key International and Miami-based real estate management firm 13th Floor Investments have partnered on the purchase of a Brickell-area 316-space parking garage for $11.5 million, the South Florida Business Journal reported. They plan to develop it into a luxury condominium. The parking garage, which is located at 1000-1010 Brickell Avenue and is adjacent to the Promenade Miami Metromover station, occupies more than an acre of land and was sold by an investment group that includes Henry Bush. The site is near other major developments including the Mary Brickell Village and the $1.05 billion Brickell CitiCentre developed by Hong Kong-based Swire Properties. [SFBJ] — Christopher Cameron