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Courtyard Marriott Could Soon be Condos

MIAMI—“The city's current zoning code also allows for consideration of a high-return alternative—a rare chance to carve a new condominium community out of this saturated downtown core," says CBRE Hotels' senior vice president Christian Charre.

By Jennifer LeClaire | Updated on September 05, 2014

MIAMI—The Courtyard Miami Downtown, a 233-room Marriott hotel that sits on a prime 1.07-acre site in the heart of the urban core, is up for grabs. CBRE is marketing the asset, which could be redeveloped into over 1,000 condo units under the Miami 21 zoning code.

“This is an extraordinary location in the heart of Miami’s business district, directly between the new landmark All Aboard Florida Miami terminal, Miami Worldcenter and Brickell City Centre projects,” said CBRE vice chairman Robert Given, who is marketing the hotel on behalf of AVR Realty. The Courtyard Miami Downtown is located at 200 SE 2nd Avenue.

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