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