A 15.5-acre lot in Downtown Miami, located on 1431 North Bayshore Dr. Credit: Avison Young How Is This Downtown Miami Lot Poised to Sell for More Than $1B? Thank the Lawyers
The property was last sold for $236 million in 2014, before attorneys at Bilzin Sumberg helped secure tweaks on zoning and land use rights along with handling financing and working with Miami-Dade County on a proposed public transportation project on the site.
April 24, 2023 at 06:42 PM
5 minute read
Real Estate
A lot in Downtown Miami is reportedly set to sell for more than $1 billion, and observers say the legal work around the project, performed primarily by Bilzin Sumberg Baena Price & Axelrod, likely played a role in getting to that eye-popping price point.
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