Located on Biscayne Boulevard—one of Miami’s most desirable addresses—the development, 340 Biscayne Boulevard, is a once-in-a-generation development representing one of the last developable parcels of this scale. Fully entitled and approved for a luxurious 82-story high-rise development featuring high-end residences, a boutique hotel, and office and commercial spaces, will sell at auction. Surrounded by landmark luxury towers, including dual Waldorf Astoria projects, within a high-growth corridor with limited future competition, this site represents an extraordinary chance to create a defining presence in the heart of Miami. Bidding is scheduled to open online on 3 December and culminate on 17 December in a live auction at Sotheby's in New York. Listed in cooperation with Gabriel Flores of ONE Commercial in association with ONE Sotheby's International Realty, the property, listed for $175 million, will not have a minimum bid.
“Our platform is idyllic for a variety of properties with multiple uses, and this one is no exception,” said Chad Roffers, CEO and Co-Founder of Sotheby's Concierge Auctions. “It’s a rare and extraordinary chance to create a defining presence in the heart of Miami, where luxury continues to attract and evolve. Our global database will attract a wide variety of bidders on auction day who understand the unlimited potential and desirability of this coveted area. This prime location epitomizes the city's transformation into a global luxury destination.”
Located at 340 Biscayne Boulevard and encompassing over 950,000 square feet of approved net sellable area, this rare offering presents unparalleled flexibility with endless potential revenue possibilities. The site's zoning allows for a luxury, supertall mixed-use development, making it a rare offering in a rapidly growing district. The proposed development, designed by Arquitectonica, includes 374 residential units, 120 hotel rooms , commercial and office spaces, and 500 parking spaces.
Situated in the heart of Downtown Miami, the corridor is distinguished by ultramodern residential towers, five-star hospitality, and an affluent urban demographic drawn by corporate migration and unparalleled waterfront lifestyle. Flanked by the landmark 100-story Waldorf Astoria Residences Miami and surrounded by Aston Martin Residences, One Thousand Museum, and E11EVEN Hotel & Residences, the area represents the pinnacle of Miami's real estate evolution.
Exceptional walkability connects residents to Bayfront Park, Pérez Art Museum, Kaseya Center, and Brickell City Centre's premier shopping and dining. The adjacent Port of Miami cruise terminals and seamless Brightline and Metromover access provide connectivity throughout South Florida. Miami Worldcenter's 27-acre mixed-use development anchors the neighborhood with luxury living and entertainment. From waterfront parks to world-class cultural venues, this dynamic district attracts international investors and high-net-worth individuals seeking the ultimate urban experience.