The 1.31-acre property currently leased by FedEx has been acquired for $19 million
on July 16, 2014 – CBRE arranged the sale of 200 South Miami, an income-producing high-rise development opportunity in the heart of downtown Miami, adjacent to the Third Street Miami Metromover station. As an optimal site for a condominium, apartment community, or mixed-use project within Miami’s walkable “live/work/play” downtown, 200 South Miami features Miami21 zoning of T6-80, to allow for a total density of 1,390 units. While the site currently hosts a four-story, 85,907-square-foot building, proposed designs suggest it could accommodate a 1.7 million square-foot building with 1,020 units and 974,804 square feet of salable condominiums.