Another downtown Miami property owner wants to cash in on the development boom.
The owner of the FedEx building at 200 South Miami Avenue has hired CBRE to market the 57,075-square-foot property to potential buyers, South Florida Business Journal reported. The site has zoning that allows up to 1.75 million square feet of construction and about 1,000 residential units. It is located a block west of the former Bank of America Tower, which is being renamed TotalBank Tower.
CBRE is touting the site’s proximity to public transit, including the Metrorail and Metromover.
FedEx currently occupies the building under a lease that expires in April 2019. [South Florida Business Journal] — Eric Kalis