Swire Properties splurged US$64m in Miami property

It's a 1.55 acre site.

In a release, Swire Properties Inc announced the acquisition of 700 Brickell Avenue, a Miami property occupied by the Florida headquarters of Northern Trust Bank.

Swire Properties Inc paid over US$64 million for the 1.55 acre site, which is planned to be incorporated into Brickell CityCentre, the Company’s US$1 billion mixed-use development.

Phase one of the project is currently under construction in the heart of Miami’s Brickell district, and will include a luxury shopping centre, two residential towers, the lifestyle business hotel EAST, Miami, a wellness centre and Class-A offices.

Announcing the successful purchase, Stephen Owens, President of Swire Properties Inc, said,

“700 Brickell Avenue has a rich civic and corporate history through association with the Brickell family and Northern Trust. We look forward to building on that tradition.

The site is of great strategic importance for the development of Brickell CityCentre because it provides the project with a critical front door onto Miami’s most significant boulevard.”

Also Read

Here's the main reason behind China's credit profile vulnerability

China grid investment fell 15% in September

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit