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| Rendering of Brickell CityCenter site, Downtown Miami, FL |
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| Larry Stockton |
MIAMI, FL -- Colliers International South Florida is pleased
to announce that Larry Stockton, Alex Morcate and Jeff Resnick
have closed on another high-density land site in Miami's CBD.
Representing the seller, Brickell Main Gate LLC, on the sale
of their 1.7 acre site, located between 7th and 8th Streets and I-95,
the brokers were able to achieve almost $300 per square foot, or $22 million,
for the land in a very competitive bidding process.
The buyer, La Chanson Overseas, though a relative newcomer
to the market, distinguished itself as the right choice with impeccable
credentials and aggressive terms.
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| Alex Morcate |
Though they have not yet made public their plans for the
property, likely the highest and best use of the site is residential and / or
hospitality over retail.
This is the Colliers
team's llth closing in Miami's CBD of high-density land, including the majority
of the land assembled for Brickell CityCenter.
According to Larry Stockton, the team not only has
another large site in the Brickell market under agreement currently, but also
they are about to bring to market a very high profile site that is entitled for
466 units, office and ground floor retail in Miami's only gated riverfront
community, and for which there is already considerable interest.
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| Jeff Resnick |
For a complete copy of the company’s news release, please
contact:
Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138
Email: crystal.proenza@colliers.com
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