Miami Condo Market and Lifestyle Updates
Brickell City Centre May Acquire Two More Properties

Brickell City Centre May Acquire Two More Properties

by Sep Niakan | May 30, 2014

Swire Properties plans on purchasing 22,000 more square-feet for the upcoming Brickell City Centre project.

Commissioners will vote at their next meeting to determine if they will sell Swire two properties, located at 602 and 614 South Miami Avenue, for the City Centre project. The city would spend $4.9 million to purchase the properties, one of which is the office of Florida’s Department of Juvenile Justice, from a state agency.

Swire would give $4.2 million for the property, and the remainder of the price would be covered by $700,000 in street easement fees that the developer would provide.

Once the purchase is complete, the city would turn around and sell the plots to Swire for $4 million.

Swire plans on using the extra property to “enhance the public right of way” around the Brickell City Centre.

 

Source: therealdeal.com

Photo credit: Brickell City Centre - brickell-citicentre.com

Recent posts

Real Estate News

Miami Luxury Condos: Q2 Report June 2017

by Sep Niakan | July 19, 2017

Miami Luxury Condo Report Overall Market Summary City and Neighborhood Luxury Condo Reports             Miami Beach Luxury Condo Report                    ...

Lifestyle

Miami for Wine Lovers Part 1: Top Wine Tastings and Events

by Sep Niakan | July 18, 2017

Who needs Napa Valley when Miami has a flourishing wine culture? This series of blogs is dedicated to all the wine lovers in Miami. In this part, we are covering events and tastings across the city that will acquaint you with wines from around the...

Lifestyle

Editorial: Traffic-Busting Transit-Oriented Development of Condos and Apartments in Miami

by Sep Niakan | July 18, 2017

We are all familiar with the pain of Miami’s current traffic situation. But, our prayers are finally being answered! The long-time need for transit-oriented development is being addressed, with almost nine projects on the drawing board and one...

Real Estate News

Brickell Heights Has Arrived! A Review of the Condo and its Amenities (Photo Blog)

by Sep Niakan | July 18, 2017

Brickell Heights Has Arrived in Style! Brickell heights started closings in June at a rapid pace, and so far I have seen and heard nothing but good things about the building and have had great experience with the staff and management there. That...