Lynx Property Listed For Sale, Could Fetch More Than $75 Million

A high-profile site in downtown Miami has been listed for sale by brokerage firm HFF.

The 2.1-acre site is located at 16 SE 2nd Street, and is best known for once being the proposed site of the Lynx project. It is zoned T6-80, with the potential for up to 3.2-million-square-foot project and a tower that is taller than 80 stories

In 2005, the city of Miami issued a MUSP for the mixed-use Lynx project on the site, designed by Pei Partners and Chad Oppenheim. The company that was behind that proposal however never actually owned the property, and the plans soon fell apart.

Wharton Equity Partners, the current owner of the land, took title to the property in 2013. It has been used as a surface parking lot for decades.

No asking price has been set. Jaret Turkell, a managing director at HFF, tells TNM that he expects the property to sell for ‘north of $75 million.’ The most recent open-market sale of the property was for $21.5 million in 2007.

The property is one of the last remaining sites with the potential for a project of this size, according to Turkell. It also benefits from having a Metromover stop directly on the site, and is a two minute walk to Brickell City Centre.