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Last Waterfront Brickell Site Hits the Market

MIAMI—CBRE's Gerard Yetmig tells GlobeSt.com's Jennifer LeClaire why this asset should command top dollar.

By Jennifer LeClaire | Updated on October 04, 2012

MIAMI—The last waterfront development site in Miami’s Brickell neighborhood is up for grabs. CBRE is marketing 1201 Brickell Bay Dr. for sale and it could fetch more than $300 million.

1201 Brickell Bay Dr. is a shovel-read, 2.5-acre site with 300 linear feet of frontage on Biscayne Bay. The site has existing approvals for more than 2 million square feet of development. Current plans call for 787 condominium units, 1,500 parking spaces, waterfront restaurants and retail.

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