Today the reserve has been met and bidding has officially opened at $72M for a rare, 82-story mixed-used development site at one of Miami’s most desirable addresses. Listed for $175 million in cooperation with Gabriel Flores of ONE Commercial in association with ONE Sotheby's International Realty, bidding will culminate on 17 December at Sotheby's New York.
Located at 340 Biscayne Boulevard, this rare offering presents unparalleled flexibility and significant revenue potential in one of Miami’s fastest-growing districts. The site is one of the last developable parcels of this scale along Biscayne Boulevard and is zoned for a luxury, supertall mixed-use development. Designed by Arquitectonica, the proposed plans include 374 residential units, 120 hotel rooms, office and commercial space, and 500 parking spaces, creating a premier high-rise opportunity in a rapidly expanding corridor.
“Surrounded by landmark luxury towers within a high-growth corridor, this site represents an extraordinary chance to create a defining presence in the heart of Miami,” said Chad Roffers, CEO and Co-Founder of Sotheby’s Concierge Auctions. “Our global database is idyllic for a variety of properties with multiple uses, and this one is no exception. This auction will attract a wide variety of bidders who understand the unlimited potential and desirability of this coveted area.”
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, the dynamic district represents the pinnacle of Miami's real estate evolution, attracting international investors and high-net-worth individuals seeking the ultimate urban experience.