The owner of the Empire World Towers site in downtown Miami decided to market the land for sale.
A trust created on behalf of CDR Creances S.A.S. hired HFF to facilitate the sale of the 300-330 Biscayne Boulevard land, according to Tuesday’s written announcement released by the real estate firm. The 2.05-acre site is approved for the development of two 93-story residential towers totaling more than 1,500 units. If built, the towers would be the tallest south of Manhattan.
Jailed father-and-son developers Mauricio Cohen Assor and Leon Cohen-Levy planned to construct Empire World Towers before last decade’s real estate crash. The project was halted after the Cohens were hit with tax evasion charges and sentenced to prison.
HFF senior managing director Hermen Rodriguez, managing director Jaret Turkell, senior real estate analyst Scott Wadler and executive managing director Manuel de Zarraga are leading marketing efforts.
The land “is one of downtown Miami’s last remaining development sites with unobstructed water views,” Turkell said. “Its location within the city’s highest density zoning district positions the site to ultimately reshape the Miami skyline.” — Eric Kalis