A bidding process for Design Architecture Senior High School in the Miami Design District produced no offers for the property despite its location in the tony, retail-rich area.
Appraisals of the school at 4001 Northeast Second Avenue for the Miami-Dade County public school system indicate the 40,600-square-foot site is worth $55 million.
But the bidding process closed this week without generating one response from a possible buyer.
“It is odd,” Jaime Torrens, the school system’s chief facilities officer, told the Miami Herald. “The market’s still hot, so we’ve got to figure out why somebody didn’t bid on it.”
Torrens also told the Herald that school system officials plan to “ask around” to determine the reason for the lack of interest in the high school property after the expiration of a “cone of silence” period, during which such discussions are prohibited.