Downtown Miami property draws huge interest

Brokers report two $100M offers for waterfront parcel next to EPIC condo-hotel

May.May 07, 2014 09:45 AM

The brokers marketing a waterfront property adjacent to downtown Miami’s EPIC Hotel & Residences say they’ve already received two offers exceeding $100 million.

A company tied to EPIC developers Ugo Colombo and Diego Lowenstein want to sell the 1.25-acre parcel at 300 Biscayne Boulevard Way, as previously reported by The Real Deal. CBRE began showing the site to potential buyers about a month ago.

Since then, 90 groups expressed interest in purchasing the property, CBRE’s Robert Given told the Daily Business Review. Given and Gerard Yetming, the brokers leading marketing efforts, won’t respond to the initial offers until all bids are made.

“We’re looking for the best combination of pricing as well as the quality of the developer,” Given said.

Only nine Miami properties have sold for at least $100 million in the city’s history, according to the Review. That includes the Related Group’s $104 million acquisition of 444 Brickell Avenue in December 2013. [Daily Business Review]Eric Kalis

Related Articles

These real estate power players are involved in 2019’s juiciest lawsuits (Credit: Getty Images)

Here are South Florida’s juiciest lawsuits of 2019

Olympia Theater (Credit: Getty Images)

Maurice Gusman heirs sue city of Miami to regain ownership of Olympia Theater

Rendering of downtown Miami courthouse to be built by Plenary Group and Miami-Dade County

All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project

Moishe Mana and 25 West Flagler Street

Moishe Mana buys City National Bank building in downtown Miami

One Thousand Museum and Krinos owner Eric Moscahlaidis

Krinos Foods owner revealed as buyer of One Thousand Museum condos

Related Group building at 315 Biscayne Boulevard and Jorge Pérez (Credit: Google Maps)

Related Group lists downtown Miami HQ

Ugo Colombo and Craig Robins (Credit: iStock)

Judge tosses out Craig Robins’ claim that Ugo Colombo bribed juror in private jet case

Rendering of Legacy Hotel and Residences with Dan Kodsi and Peggy Olin

Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter