HFF's Jaret Turkell

MIAMI—Related Group is inching toward yet another new development in Downtown Miami. The iconic developer just snapped up a trophy high-rise development site for $18.5 million. Related is currently developing MyBrickell and Millecento, among others.

HFF closed the sale of 1300 South Miami Avenue on behalf of the seller, South Miami Ave, LLC. The HFF team of executive managing director Manny de Z