One of Miami's premier open-air retail centers, Mary Brickell Village, has sold for $216 million.
Rockpoint and Ivanhoe Cambridge sold the 200,503-square-foot mixed-use property to real estate investment trust company RPT Realty, which owns multiple shopping centers across the country.
RPT said in a press release that Mary Brickell Village "provides for compelling value-creation opportunities as the site's zoning allows for the potential to develop up to 80 stories or 4.1 million square feet which could consist of residential, office and hospitality."
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Raychel Lean
Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.
