A full city block in downtown Miami is on the market. DWNTWN Realty Advisors is bringing Flagler City Center, a 2.52 acre site downtown at 251 Flagler Street, to market with an asking price of $125 million. The Flagler City Center site can accommodate up to 4 million square feet of buildable area and up to 2,500 multi-family units.
DWNTWN Realty Advisors touts it as the “last of the great, dense, large, and substantial contiguous development sites available.” There’s room for a super-tall tower too: the FAA height limit is approved up to 1,010’, according to the press release.
“This property represents the highest density urban development site of this size ever offered in Downtown Miami,” DWNTWN’s managing partner Devlin Marinoff said in the release.
The property is currently anchored by a Marshalls department store. Here are a few conceptual renderings of what the area could one day look like:
An earlier version of this story credited DWNTWN Realty Advisors for the photos above. The incorrect information has been corrected and credits Asymptote Architecture: Hani Rashid + Lise Anne Couture.