Brickell City Centre Developer Buys More Land From State

Swire Properties has closed on the purchase of more land near their Brickell City Centre project. The deal was recorded earlier this month.

BCC Road Improvement LLC, an affiliate of Swire, paid $1.5 million for a parcel at 500 South Miami Avenue, next to the South Miami Avenue bridge. It is now used as surface parking.

It is the same LLC that acquired property from the city of Miami in 2014 for $4.8 million. That land was used to build a traffic circle at the end of the bridge.

The newly acquired land is considered to have high archaeological potential. As part of the sale, Swire signed a covenant agreeing to comply with local historic preservation laws before starting any construction.

 

 

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Anonymous

They could just be buying it to prevent someone else from buying it and building something they don’t like. 1.5 million is nothing for Swire.

Paul

They already announced plans to build a 62 floor residential tower on this site. Go back to July 16 in the archives of this site.

Anonymous

Paul can you give the link to that article, I am not seeing it?

marc

Hmmm, what are they up to?

Anonymous

What the hell is “high archaeological potential?” You mean they might find some stone circle or pointed sticks, and forced to turn into a park nobody will use?

Anonymous

That’s exactly what it means. Reminds me of this: http://bit.ly/2PReKj2

Anonymous

LOL – You took the words out of my town.

Anonymous

“You mean they might find some stone circle or pointed sticks, and forced to turn into a park nobody will use?”

Not true.. are you forgetting the people with dogs who will use it as their own personal doggy toilet?

Anonymous

Probably, like the one next to the icon, the Miami circle , that one is a doggy park that cost taxpayers 24 millions dollars in 1994 and for the last 24 years is covered with soul and grass and not well kept either!!!

Anonymous

Ridiculous to think anyone is going to give a flying f. to 4 pieces of stone. For all I know even the natives never intended any posterity

Anonymous

Is TNM hiring? Gotta find me a job that’s only once a week and begins on Wednesdays hahaha

Anonymous

Why?

Anonymous

Hopefully a pedestrian tunnel under the river.

Anonymous

Hopefully this is the idea as there is no way to get to the other side at the moment.

Anonymous

How about a sidewalk on the bridge?

Anonymous

wait wait wait…A pedestrian tunnel under the river.the bridge has a sidewalk… Who would make that investment.

Anonymous

They are looking at this parcel as a way to make money from parking.

Anonymous

how many parking permits can they sell for this lot to offset 1.5 mil? this is expansion land