A 92,972-square-foot development site located at 16 SE 2nd St in Miami, FL, has been sold for $46,000,000. The property, known as Miami Center, is currently utilized as a parking lot and is situated in the Miami market. The zoning designation allows various uses including residential, hotel, office, and retail with a potential total of 2 million square feet. The site permits a maximum height of 80 stories, with unlimited height achievable through public benefit bonuses.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $46,000,000
• Address: 16 SE 2nd St, Miami, FL, 33131
• Market: Miami
• Buyer’s Representative: Estrella Perez
• Seller: Cross Lake Partners LLC
• Broker Representing Seller: Mika Mattingly - Colliers International
• Broker Representing Seller: Robert Given - Cushman & Wakefield
• Buyer: A South American family office known as Enrique Manhard

The sale was facilitated by Colliers International’s Urban Core Division. The transaction involved notable representatives, including Estrella Perez from EP Realty Group Inc., who represented the buyer. Mika Mattingly and Robert Given acted on behalf of the seller, Cross Lake Partners LLC.