CCCC Towers Site In Brickell Has Been Sold (But A Partner Says The Sale Is Fraudulent)

Brickell’s CCCC Tower site has been sold, according to newly filed court documents.

China City, which owns a 55% stake, is said to have orchestrated the sale.

Asia Allied, which owns a 45% stake, was granted an emergency injunction after learning of a transfer of ownership to a company called Rega Center LLC. Asia Allied says the transfer is fraudulent.

The valuable property is an irreplaceable development site in densely built Brickell, and Chinese developers had planned to build two of Miami’s tallest towers there.

Developer China City Construction later fell into financial difficulties at home and the Miami project was shelved.

The land has sat as a vacant pit for years as two partners battled in a Hong Kong court for control. Excavation of the site two floors below ground occurred in the last decade, and last year the city ordered emergency repairs after declaring the property unsafe.

 

 Current design by Arquitectonica:

Previous design for Capital at Brickell on the same site by architect Fullerton Diaz

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Anonymous

Another decade of an empty huge lot in an ideal location.

Anonymous

Exactly! Anything and I do mean anything would be better. Whether it is an office tower, rentals, condos, big box stores, hell even a parking lot. Just do something with it!

marc

Ahhhhh, more litigation on the horizon

Anonymous

What’s another 10 years anyways…not like it’s a massive eyesore or anything

Anonymous

lol…..

Anonymous

Ya definitely not a geographically significant location for sure…

William

Why is it that most of the international projects are in some type of litigation?

Anonymous

Because its typically corrupt money and they owners are trying to flip it.

Anonymous

I love the pit, what city isn’t complete without a pit in it’s Urban core?!

Anonymous

News like this makes my blood boil. I live at Infinity and I have been staring at this hole for over a decade. I understand that crap happens all the time and properties continue to exchange hands but my question is why can’t they just fill it and make it into a park while they fight it out for years and years. This area could be used for a farmer’s market or anything else people want to do with it. Just fill it already!

Anonymous

Better a hole than two giant towers to block your beautiful view

Anonymous

yeah, especially since he/she only has one view.

jeezzzz you farmers need to stick to looking at your fields of crop.

Anonymous

Not a farmer I actually own in Brickell and the view of another building instead of the ocean is definitely a hit to the value of the condo. Its common sense my guy ! Maybe you should go farm

Anonymous

Only a fool would purchase a condo in Brickell with no expectation that a building would be built that could block his/her so called view in all directions.

You should’ve stayed on that farm in central Florida because you still don’t understand city living.

Anonymous

The only fool here is you.

Anonymous

That is not DEFINITE at all.
Facts and data will support many instances where the opposite is true. JUST because a view is blocked does not mean the values DEFINITELY take a negative hit.
When an OLD building has view blocked by a brand new luxury building, the values of the OLD cheap building are elevated (even if views are blocked) because the old building is now “the worst house in the best neighborhood”.

Anonymous

Because that would cost the owners money and they woudnt get any payback for making it into a park. If you want a park there then you buy the land and you fill the hole and make it into a park. You can even name it after yourself and I’m sure all your Brickell neighbors will love you for it. Perhaps that’s all the payback you need for the investment you will make to create your park. Best of luck.

Anonymous

Yes, all his Brickell neighbors would love another big doggy toilet like the one the Miami Circle site turned into (courtesy of the Miami taxpayers).

Anonymous

Yes, a doggie toilet would be better than a hole in the ground filled with real trash that included mattresses and sofas. Yes, I saw that myself with my own eyes and it was like that for years. Not cool. Now take your toys and go play some where else you dog hater!

Anonymous

And take your money and build the biggest doggy toilet you could imagine and stop thinking somebody would take 100 million of their dollars just to supply one for your little mutt. Now get on back to your usual thing of letting your dog lick your face after he licks his balls.

Anonymous

Why don’t you call “parks and recreation” Leslie would definitely help you. don’t ask Ron Swanson though.

Anonymous

The city should have a clause mandating that which ever developer buys a piece of land should fill it. If you don’t want a park at least pave it and make it into a parking lot. Anything would be better than a hole filled with trash.

Anonymous

One solution is to add up the number of yards of fill dirt and multiply by the cost per yard. Then figure out how many trucks it would take to deliver it and multiply by the cost per truck. Then add the cost of heavy equiptment to move the dirt around properly. Add the permit fees and envronmental fees charged by the municipalities.
THEN, take those costs, and divide by the number of livable square feet in Infinity. Once you have that number, use a SPECIAL ASSESSMENT to charge all the owners of Infinity to fill in the hole so that you can have a Farmer’s Market.
Second solution, you pay for it.
Third solution, quit whining.

Alpina

This site has had a tragic history; maybe Mana wants to buy this land…

Anonymous

Hell no!!!

Anonymous

It feels like he owns the land…

Anonymous

I’ve seen active work being done in this land. It looks like they are leveling it even with the street with dirt but I’m not sure.

Anybody know what’s happening?

Anonymous

Yeah they are filling it to bring it up to code before they can sell it. The sale that just happened is fradulent because they sold it to themselves under another company name

Anonymous

Rega Center is 3rd Party Company at California….

Anonymous

They are currently filling it to bring it up to code and put it on the market. This land won’t go on the market for a while as its still is in litigation and with the surplus of luxury condos I don’t see it being anything but empty land for the next 5 years. We are currently in a 3 year oversupply.

Anonymous

It will never happen but this entire block should be a park. Brickell badly needs green space.

Anonymous

Take the people mover to the Metrorail. Then head south to Dadeland station. There, get on a bus (or 2, or 3) to Florida City. Then walk a few miles to Everglades National Park. Green space…National Park even!

Anonymous

OR….walk ONE block to the west for the Underline park.
OR….walk TWO blocks to the north and half a block to the west to Southside Park.
OR….(most preferably) take a LONG walk to the east into Biscayne Bay National Park. (the CCCC Tower site is only 2 blocks from the Biscayne Bay National Park, but whiners should walk 4+ blocks to the east anyway).

Anonymous

Amazing how you missed Simpson Park literally next door

Anonymous

I didn’t. I wrote the number post where #3 referenced Simpson Park which is NOT LITERALLY next door.
LITERALLY next door is Cervera’s building. Simpson is a block away.
If you want to use the literal sense of the word literal.

bring back perricones

a million times yes.

Anonymous

#1. Something will happen.
#2. “Should” be a park? No, it’s in the Financial District, it should be a commercial building.
#3. “Badly needs green space”?? According to the ruler feature on Google Earth, this parcel is 100 yrds from 9 acre park Simpson Park.

This comment section badly needs people who do not know what they are posting about to stop posting.

Anonymous

Simpson Park is literally next door..

Anonymous

I bet that anonymous person who’s complaining about green space in Brickell doesn’t even live anywhere in the Brickell area.

Anonymous

You gotta excuse that person.. he/she thought that Simpson Park was just green space.

Anonymous

It should include the entire block south of SW 14th Terrace, and use the air rights from Simpson Park a block south to build something beast.

Go Miami go!

Another one drinking moonshine.

Anonymous

I live next door and I believe a park would be a better view instead of a building. An office building wouldn’t be as bad but no more condos there is a surplus!

Anonymous

There’s a lot of things I want no more of… but sadly, no one’s listening.

Anonymous

Underline

Shawn Kouri

Are you serious? Fraudulent activity with the sale of something like that? That’s not right. Since this massive twin tower project will never be built, I would build something on it. Maybe a massive resort hotel for families and adults. Or I would build a massive 90 story office tower. Miami needs more office spaces after all.

Anonymous

Any idea who is buying it?

Anonymous

Since reading is not your strong suit… “Asia Allied, which owns a 45% stake, was granted an emergency injunction after learning of a transfer of ownership to a company called Rega Center LLC. Asia Allied says the transfer is fraudulent.”

Anonymous

And Rega Center LLC is the same as CCCC lol They sold it to themselves lol This case is going to last a long time

Anonymous

How How do you know ?

READFIRST

And here we have another clown who goes straight down to TNM’s comment sections to post dumb comments without even reading the articles first…

Anonymous

could you give me a thumbs up, please ? lololol

Anonymous

Clown must also be drinking.