The complex consists of office space in three buildings on 80 acres on Old Cutler Road at Southwest 184th Street. The main building is 220,000 sf on four stories with views of Biscayne Bay. The building includes class A office space, open-air terraces, two floors of covered parking, and the former Burger King cafeteria, dining rooms and employee fitness center. The building that housed the former Burger King test kitchens consists of two floors and a total of about 51,000 sf with covered parking on the ground floor. The third building includes 34,000 sf of class A office space on three floors.

"I've had my eye on this piece of real estate for many years and envision it becoming a significant part of the community," Silver said in a statement. "The property's substantial, well-maintained structures, superior office space, unsurpassed bay views and natural beauty position it as a premier destination."

Silver says he is in preliminary discussions to lease or sell the third building to the city of Palmetto Bay, which was recently incorporated, to house municipal offices.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.