Philippe Zuber Of Kerzner International Acquires Development Site From Henry Bott For $45M In Miami

A 1-acre development site located at 9 Southeast 6th Street in Miami was sold for $45,000,000, equivalent to $1,043 per square foot. The site was previously approved for the development of 350 residential units and 180 hotel rooms, indicating its significant potential for urban development near Brickell City Centre.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $45,000,000
• Buyer: Philippe Zuber - Kerzner International
• Seller: Henry Bott - Swire Properties
• Asset Size: 1 acre
• Market: Miami

Philippe Zuber represented Kerzner International in the acquisition, while Henry Bott represented Swire Properties in the sale. This transaction marks a strategic divestment for Swire Properties as the company shifts its focus towards developments on Brickell Key.