Brickell Key and South Fifth Blog


SWIRE PROPERTIES ACQUIRES 700 BRICKELL AVENUE

Saturday, August 03, 2013

In an attempt to continue the succession of a landmark project, Swire Properties has retained the 1.55 acre site previously held by Northern Trust Bank. Swire Properties paid over $64 million dollars to make it part of the ongoing project, Brickell Citycentre, which is currently in phase one. 

The construction site is developing in the heart of the Brickell area and will include:

  • Luxury Shopping Center
  • Two Residential Towers (East and Miami by Swire Hotels)
  • Wellness Center
  • Class-A Offices

In announcing the successful purchase, Swire Properties president Stephen L. Owens 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.” (Source: Swire Properties Website)

Comments