In South Florida’s most expensive office sale of 2010, the site for 1400 Biscayne Boulevard has been sold for $31.52 million.
The buyer is an affiliate of Miami-based developer Espacio USA. The site has approvals from the city of Miami to build 850 apartment units and 43,000 square feet of retail space on the site. The twin towers designed by Arquitectonica will be 64 floors and 58 floors, respectively.
The site is currently immediately north of the Arsht Performing Arts Center and will be served by two Metro mover stations.
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