1428 Brickell In Contract, Valued At Least $42 Million

Taplin Company has signed a deal to sell 1428 Brickell for $42 Million, according to the Herald.

The buyer is unknown.

The property is 1.2 acres, and includes an income-producing 10-story office building.

It isn’t clear if the $42 million bid is for a 100 percent stake. Another developer, KAR Properties, claimed to have negotiated a $32 million for an 8o percent stake in the property last month before being outbid.

KAR is suing, claiming breach of a 14 day exclusivity agreement that lasted from June 17 to July 1.

 

 

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Anonymous
4 years ago

this has the potential to be a 48 story tower

Someone
4 years ago

Not sure why you’re downvoted. This spot is zoned for 48 story office resi retail. It’d likely be purchased, razed and something more modern (and something that utilizes the zoning as of right) put in its place.

Yoe
4 years ago

Hopefully a nice sleek office building

Anonymous
4 years ago

Nothing wrong with the current office building. I bet it’s not even 30 years old.

Yet Another Anonymous
4 years ago

Actually, it’s older than 40. But it’s not about that. It’s about being an uninspiring design that was outdated even for that age.

Anonymous
4 years ago

Oh wow, so it’s older than 40. That means developers should just mow it down and replace it with more utter disappointing crap? This is precisely what separates Miami from more sophisticated major cities in this country and the world. You completely neglect your older buildings and structure until they are in disrepair, and then give developers the rights to demolish 30 or 40 year old buildings. Miami is completely soulless and without a heart now that most of the “older” buildings are being either ruined or demolished. You people make me sick.

Anonymous
4 years ago

Miami ‘gives developer’s the rights to demolish a building’? A building that isn’t historically protected and that they own… Do you have any idea what you’re talking about?

There is something wrong with the current building and that is that Miami 21 allows for something like 5x the rentable square footage to be built over what is in place. If you’re set on preserving this remarkable structure I encourage you to get the money together, buy the building, preserve it and eat a huge loss.

Anonymous
4 years ago

Something “wrong” with the building? I don’t understand, from the looks of the outside of it, it looks to be in great shape. I don’t know what the inside looks like, but this building definitely looks like it could still be in service for several years.

Anonymous
4 years ago

What sophisticated major cities?

This pseudo-brutalist garbage is a blight around the world and is in fact the soulless garbage of yesterday. Degenerate. You would know that if you were actually interested in architecture, and not jerking yourself off for upvotes.

suomynona
4 years ago

Brutalist architecture is UGLY.

There is nothing special about this building and no reason to keep it when the property owner wants to build something more dense, and more fitting of a 21st century, modern downtown core.

Anonymous
4 years ago

If brutalist architecture is so ugly, then why do so many U.S. and European cities have it on their government buildings in particular? Look it up. I think you will be surprised.

suomynona
4 years ago

And also LOL at you calling Atlanta sophisticated. Los Angeles is a sprawling nightmare of a city.

Anonymous
4 years ago

lol Atlanta is a sprawling nightmare of a ghetto shithole. Sherman didn’t go far enough when he burned it to the ground. Unless you have a fetish for hood culture or sitting in traffic in a 30 lane highway, it offers very little.

Of course it would be an inbred redneck from Georgia with an inferiority complex making the posts you’ve been posting. For Europeans and those of us living in civilization, this type of garbage lazy design has been a plague for far too long. But I suppose it might be impressive if you live in a trailer park in a glorified parking lot of a city.

Anonymous
4 years ago

Hi. I’m a new “anonymous” to the previous people posting. I live in Brickell, but I could live anywhere in the world that I want based on my job and finances. But I ask the anonymous who is hating on Miami, why are you on our blog site then? Can’t you go find a blog where people are writing and interested in Atlanta? No reason to hate on our city….unless you’re just a miserable person trying to take it out on the world. I’m sure there’s a blog out there for you and your “alpha” city, but this isn’t it so move along now with your hate.

Anonymous
4 years ago

The funny thing is that he’s bragging about Atlanta being an Alpha- city when Miami has that exact same ranking

http://www.spottedbylocals.com/blog/alpha-beta-and-gamma-cities/

So perhaps the shill for the Atlanta Tourism Board might need some new material.

Anonymous
4 years ago

Do you realize that Miami’s economy is purely dirty money? Your economy is inflated with money laundering and the drug trade. That’s how your city became a “city”, if you want to even call it that. That is pathetic and sad, when your economy once solely relied on dirty money. Your economy is now mostly tourism and international real estate. BIG WHOOP. You take that away, and your economy floats back into the sewer. Even during good economic times, your city is still in a recession because your political leaders only cater to wealthy international tourists and condo buyers. That is not a real economy. That is an inflated economy and a bubble. Get real man.

Anonymous
4 years ago

And why in particular are you hating on Atlanta? Is it a demographic thing? Is it an inferiority complex thing that most Miamians seem to possess? Is it because so many people from the South FL metropolitan area are moving to the ATL? Is it because the economy it ATL is so much more diverse and dynamic? Is it because the standard and quality of life is so much better? I’m curious to know.

suomynona
4 years ago

When I think of Atlanta I think of two things:

1. God awful traffic. God awful.

2. The “sophisticated” Real Housewives of Atlanta.

suomynona
4 years ago

Again, I laugh at you for calling Atlanta “sophisticated”. I’ve never heard anyone claim that in my life. Oh my heavens.

Marc305
4 years ago

So much anger in your post. If you are this passionate about preserving existing buildings don’t hide under an Anonymous moniker, stand up for your beliefs, and say who you are.

The bottom line is that some buildings are designed to be historic and some are not, if they are not, the developer can do whatever he or she wants under current zoning laws for the area. This rule is not just for Miami, it applies to all cities.

Everyone wants to get as much return on their investment, which in this case it probably means the developer will go the maximum height allowed. No one is breaking the law here.