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Downtown Miami
Holiday Inn in Downtown Miami
Kawa Capital Management has paid $43 million for the Holiday Inn in Downtown Miami, according to SFBJ.
The sale included a lease buyback by the seller with both parties obtaining financing.
The site was last purchased in November 2015 by developer Gilberto Bomeny with plans to build a 77 story mixed used tower called ITC Miami and was designed by Arquitectonica.
200 North Miami Avenue Rendering
Developer Moishe Mana has submitted plans for a 49 story rental tower in Downtown Miami to the Urban Development Review Board, according to The Next Miami.
The tower called 200 North Miami Avenue, was designed by Zyscovich Architects and will have 328 units and rising to 599 feet. Along with the recently completely Centro Tower in Downtown Miami, 200 North Miami Avenue will not have any parking.
Currently on the 14,325-square-foot lot are two buildings built in 1922 and 1925 where tenants include a pawn shop, pizza place and law office. The lot was purchased in January 2014 for just over $7 million.
200 West Flagler St. in Downtown Miami
A 32,200 square foot assemblage is listed for sale at 200 West Flagler St, according to The Real Deal.
The site is zoned for 36 stories be can be raised to 48 stories as apart of Miami 21 and allow up to 315 residential units.
There is no list price, but the site is expected to fetch between $15-$32 million.
Southeast Financial Center
The Southeast Financial Center in Downtown Miami is for sale with a value of $500 million.
The 55 story building at 200 South Biscayne Boulevard is the second tallest building in Miami after the Four Seasons. It was built in 1984 and was designed by Skidmore, Owings & Merrill.
Tenants include Goldman Sachs, Morgan Stanley and Merrill Lynch.
Centro Miami
Centro is expected to receive its temporary certificate of occupancy soon and closing are expected to happen this week or first week in June, according to Miami Condo Investments.
The 36 story condo at 96 NE 2nd Ave in Downtown Miami broke ground in December 2013 and topped out June 2015.
The building does not have any parking and residents are encouraged to use the nearby transportation such as the Metrorail, Metromover and CitiBikes.
Previous construction photos of Centro can be viewed here.
The Lights of The Miami Tower
The iconic Miami Tower has sold for $220 million, according to The Real Deal.
The 47 story tower was built in 1987 and was designed by architect I.M. Pei. It is famous for its changing lights, which can be seen for miles in Miami. While under construction in 1984, the building caught fire on the ninth floor, which delayed work for weeks.
Originally called CenTrust Tower, the building has been featured in Miami Vice, both the T.V. show and movie, and Gloria Estefan even filmed a music video on the rooftop.
I&G Miami LLC purchased the 618,990 square foot building in 2010 for $105.5 million before it was bought by an affiliate of Sumitomo Corporation of America.
Miami Riverside Center
In August of last year, City of Miami officials were looking to sell their administrative building at 444 SW 2nd Avenue, Miami Riverside Center, for $22 million.
The city revised a deadline of May 17 to June 20 to receive offers on the 3.15 acre site, according to Miami Today.
Just North of the site, a proposed 34 story rental tower called Riverside Tower recently signed a utility deal.
