Lion Development and Marc Roberts list $500M Miami dev site near E11even

• Lion Development and Marc Roberts list 6.6-acre Miami site for $500M
• Zoning allows up to 10M square feet and 6,600 units with incentives
• Site sits next to E11even projects and Miami Worldcenter

What Lion Development and Marc Roberts are selling

Lion Development Group, led by Michael Simkins, alongside Marc Roberts, is marketing a major development assemblage in Miami’s Park West district for $500 million. The 6.6-acre site at 1151 Northwest First Avenue is being positioned as one of the largest remaining development opportunities in downtown Miami, with CBRE handling the listing.

What the scale means for future development

The property allows for up to 4.8 million square feet by right, including roughly 3,300 residential and hotel units. With additional density bonuses and transferable development rights, that capacity could expand significantly. Under Florida’s Live Local Act, the site could support up to 10 million square feet and 6,600 units, making it a potential megaproject site capable of transforming the entire submarket.

“We did all the heavy lifting. We set the table. Now somebody else can come along and build a whole other city there with 10 million square feet,” Roberts said.

How location strengthens the investment case

The assemblage sits just north of Miami Worldcenter and adjacent to the E11even developments, placing it in one of the most active growth corridors in South Florida. Its proximity to the I-395 corridor and the planned Underdeck Park adds further appeal, improving connectivity and long-term value. The area has already seen major development activity from the same group, including multiple E11even-branded residential towers.

What the pricing signals for Miami land values

At $500 million, the deal would equate to roughly $75.8 million per acre, putting it among the largest land offerings in South Florida. While below recent record-breaking per-acre trades, the scale of the site makes it one of the most significant opportunities currently on the market. For developers and institutional investors, this represents a rare chance to control a large-scale site in a prime urban core with flexible zoning and massive upside potential.

What this means for developers and investors

This listing highlights the continued demand for large development sites in Miami, particularly those that can support mixed-use, high-density projects. For buyers, the opportunity is not just to build a single project, but to create an entire district anchored by residential, hospitality, and commercial uses. As Miami continues to attract capital and population growth, sites like this are becoming increasingly scarce, reinforcing their long-term strategic value.