FPL

City Of Miami Wants To Sell Miami Riverside Center

View of Downtown Miami Towards Brickell

The City of Miami is working with CBRE to sell its administrative headquarters located next to the Miami River and I-95, according to the Miami Herald.  The building sits on 2 acres of land and is over 320,000 square feet which has potential for a "megaproject scale" as Curbed Miami describes.

Earlier this year, a 2.24 acre lot just North of the Miami Riverside Center site sold for $21 million by FP&L to Miami Bridge Lot Ventures. On the other side of the river is the Miami River project by Chetrit Group, which will be a megaproject with hotels, offices, retail and residential units that recently started demolition on the site. 

Any deal on the Miami Riverside Center for a land swap to build a new administrative center would require voter referendum. 

Miami Bridge Lot Ventures Purchases Lot In Downtown Miami For $21M From FPL

Florida Power & Light sold a lot in Downtown Miami at 201 SW 2nd Avenue for $21 million, according to SFBJ.

The 2.24 acre lot was purchased by Miami Bridge Lot Ventures in a joint deal with Ytech International and developer Carlos Mattos.

The site can be developed for a mixed building such as residential, office, hotel and office. It has the potential to reach 36 stories.