An undeveloped 17.8 acres in Miami’s Midtown commercial district is on the market and drawing a level of interest that could see the property trade for close to $200 million, brokers involved in the marketing told the Daily Business Review.
The brokers are hoping to sell the six lots left over from the previous development cycle to a single buyer or syndicate, perhaps someone who will pay a premium for the chance to create a signature large-footprint project. Four lots are north of Northeast 29th Street on either side of the Florida East Coast Railway tracks. Two more are south of 36th Street and southwest of the tracks.
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