The city’s administration building on the Miami River has been listed for sale, but it won’t be an easy deal to close.
Miami Riverside Center, a 320,000-square-foot administration building built in 1992, sits on the two acre property. Another acre of city-owned land is adjacent to the office building.
City manager Daniel Alfonso told the Herald that a buyer would need to build a new, modern building for the city on cheaper land. He also said that the site may be worth more than the value of the new property, in which case a developer would need to make up the difference.
A voter referendum would be required for any deal.