Swire Buys Property West Of Brickell City Centre

Swire Properties purchased a 7,500 square foot property at 158 Southwest Seventh Street for $2.35 million, according to The Real Deal.

It isn’t clear why Swire would want the small property. It is a block west of Brickell City Centre, but the project doesn’t seem to have been designed for westward expansion, with a large parking garage anchoring the west end of the project. There are also at least five other property owners in between, which would make an assemblage very difficult.

If Swire does manage to assemble the entire block along with the Frame Art and Blackbird Ordinary properties, it would open the possibility of them building on both sides of the Metrorail tracks, and the possibility of a new station in the project.

Swire is about to finalize a deal with the city to build a new fire station within Brickell City Centre, but the terms state that it will be east of South Miami Avenue.