The Miami Business & Entertainment District development site, which allows for over 10 million square feet of potential, has been listed for $500 million. Currently, it's Downtown Miami's largest project sitting in the pipeline.
The 6.6-acre location in Park West, now owned by Marc Roberts Companies and Lion Development, is being marketed by CBRE.
Overall, Robert Given, vice chairman at CBRE, expects to see "strong interest from a broad range of global investors" in the site, due to the location, which is in the submarket's northern gateway and comes with favorable zoning capabilities.
"Sustained demand driven by corporate relocations and wealth migration continues to elevate downtown Miami as a top‑tier global gateway market," Brad Capas, executive vice president at CBRE, said in a statement.
"The Miami Business & Entertainment District is positioned to capture this momentum and anchor the city's next phase of urban evolution."
Also, the site is near the Miami Worldcenter development, the Underdeck park project, the Interstate 395 Signature Bridge, MiamiCentral, the Kaseya Center and Adrienne Arsht Center for the Performing Arts. Additionally, within proximity is the planned Trump Presidential Library and Museum.
The Miami Business & Entertainment District can allow as many as 6,602 residential units. That's all while having capabilities for other uses such as hotel, retail and office.
In 2025, Miami ranked as the hottest rental market on RentCafe's Rental Competitiveness Index, with a score of 92.9. Miami got its appeal from its obvious climate, senior population and growing status as a tech and finance hub, which allured talent from Wall Street and Silicon Valley.
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