As expected, Brickell CityCentre, already ginormous at about five city blocks in size, has purchased 700 Brickell Avenue, an unnamed source told the South Florida Business Journal. CitiCentre bought:
(1) a sizable chunk of prime Brickell Avenue property to expand the already mega megadevelopment…
(2) a Brickell Avenue address, and most importantly…
(c) a giant new front door with the aforementioned Brickell Avenue address.
They paid a pretty penny for it too, beating out Related Group and Fortune International who were also bidding for it, to the tune of $65 million.
And which property did they buy?
The site was marketed on behalf of Northern Trust and the Brickell family trust, which share control of the site, according to sources who asked not to be named. And was most recently the home of Miami Today.