Swire Pays $64M For Miami Site With Eye On CityCentre Plans

Law360, New York (July 16, 2013, 12:21 PM EDT) -- Real estate developer Swire Properties Inc. has paid $64 million to acquire 700 Brickell Ave., a 1.55-acre Miami site currently serving as the Florida headquarters of Northern Trust Bank, it announced Monday.

Swire Properties said in a statement that it plans to incorporate the site into its $1 billion mixed-use development, the Brickell CityCentre, which is currently under construction in the center of Miami’s Brickell financial district.

The project will include 5.4 million square feet of office, residential, hotel, retail and entertainment space, in addition to...
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