**Hilco Real Estate Lists Fully Entitled Downtown Miami Development Site**
A fully entitled, income-generating mixed-use development site along Biscayne Boulevard in Downtown Miami has officially been brought to market—an increasingly rare opportunity in one of the city’s most sought-after urban corridors. Hilco Real Estate Sales (HRE) has been exclusively engaged to secure a development partner, investor, or lender for the property.
**One-of-a-Kind Development Opportunity**
The current ownership group, known for developing luxury properties across Miami, acquired the site and obtained full development entitlements back in 2015. Their intention was to internally develop a mixed-use landmark destination that would further elevate their impressive development portfolio.
However, following disruptions brought on by the COVID-19 pandemic—including increased construction costs, labor shortages, and lender challenges—the project was forced into a holding pattern. Despite these setbacks, the property remains fully entitled and income-producing. Positioned in the heart of the urban core, it presents an ideal opportunity for a new capital partner to carry the vision forward.
HRE, led by Executive Vice President Jeffrey Azuse along with Terence Rochford, Stephen Madura, and Christine McDermott, is now inviting Expressions of Interest through June 16, 2025.
**Zoning That Maximizes Flexibility**
The site is zoned T6-80-O (High-Intensity Mixed-Use), which falls under the Miami 21 zoning code. This zoning category is designed to support dense, pedestrian-friendly environments, enabling a wide array of uses including residential, hotel, office, and lifestyle components. Developers will enjoy maximum flexibility under this designation, ideal for live-work-play environments that define Miami’s next wave of urban development.
**Strong Interest from Global and Domestic Investors**
Investor interest has already begun pouring in from a broad spectrum of sources. Domestic activity includes institutional investors, private equity firms, hotel brands, and multifamily developers. Internationally, engagement has come from Mexico, Central and South America, Canada, the United Kingdom, Russia, and Singapore. The site’s entitlements, zoning, income potential, and flagship location make it exceedingly attractive on a global stage.
**Scarcity Makes This Site Stand Out**
While other development parcels exist within Downtown Miami, none offer the combination of attributes found here:
– Premier Biscayne Boulevard frontage
– Unobstructed views of Biscayne Bay, the Port of Miami, and Miami Beach
– Fully in-place entitlements
– Existing income from a well-trafficked, popular hotel
– Proximity—just steps from Bayfront Park, Kaseya Center, and Bayside Marketplace
– A structured and transparent sale process with guaranteed finality
HRE emphasizes that no other Downtown parcel compares to 340 Biscayne Blvd., describing it as a “generational asset” ready to anchor the next chapter of Miami’s skyline.
**Expressions of Interest for this rare offering will be accepted through June 16, 2025.**
