New World Tower Sold For $84M

New World Tower Miami

The New World Tower office building in Downtown Miami has sold for $84 million, according to Curbed Miami.

The 30 story office tower located at 100 South Biscayne Boulevard was built in 1963 and has 324,407 square feet of space. 

The buyer of New World Tower is East End Capital who also recently developed The Wynwood Arcade and the proposed Wynwood 25. East End Capital plans to spend $10 million on upgrading the building.

New World Tower last sold ten years ago for $60.4 million.