Miami Waterfront Property for Sale: Prime Downtown Location for $1.225 Billion

SmartCity Miami LLC, an investment group led by Terra and its CEO David Martin, has finalized terms to acquire a 15.5-acre site on Biscayne Bay for $1.225 billion with the closing set for later this year. Located midway between Miami Beach and Miami International Airport, this is the largest undeveloped waterfront property in the city’s urban core boasting more than 800 feet of frontage along Biscayne Bay adjacent to Museum Park and Adrienne Arsht Center for Performing Arts.
Michael T Fay, John K Crotty, David Duckworth and Brian de la Fé of Avison Young brokered on behalf of Genting Group while Ricardo Fraga from Greenberg Traurig alongside Laura Gangemi from Gangemi Law Group represented SmartCity Miami LLC; Suzanne Amaducci at Bilzin Sumberg law firm was also part of team representing Genting Group in transaction negotiations. Prime downtown waterfront property in Miami is now set to sell for $1.225 billion!