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Jun. 6, 2014

HFF Marketing Miami Waterfront Site that is Approved for Two Towers, 1,500-Plus Units

By Balazs Szekely, Associate Editor

HFF is marketing the two-acre development site at 300-330 Biscayne Boulevard, also known as The Empire World Towers site, on behalf of a trust established for the benefit of CDR Creances S.A.S.

The HFF investment sales team consists of managing director Jaret Turkell, senior managing director Hermen Rodriguez, executive managing director Manuel de Zárraga and senior real estate analyst Scott Wadler.

Located directly across from Bayfront Park, the approximately 2.05-acre property is one of the last remaining prime waterfront development sites in Miami’s urban core. The site is approved for two 93-story residential towers with over 1,500 units. This means the building would be the tallest structure on the East Coast south of Manhattan.

The development plot has permanently-preserved bay and ocean views and will offer a true urban lifestyle with a location  just walking distance from important Miami locations such as American Airlines Arena, Miami Dade College, Bayside Marketplace, and the to-be-built 765,000 SF Miami World Center Mall. Turkell sees great potential in the unique qualities of the site. “Its location within the city’s highest density zoning district positions the site to ultimately reshape the Miami skyline,” the managing director said in a recent statement. “The project’s height will allow the higher floors unparalleled 360 degree views of the entire city,” he added.

Photo credits: KobiKarp Archiecture

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