Swire Properties and Colombian based Isanic Trading are going to be developing a 72,000 square foot lot located at 650 South Miami Avenue in Brickell across that street from Brickell City Centre, according to The Real Deal.
The site is on the location of Tobacco Road, which was demolished in November 2014 and was the oldest bar in Miami. A house that was built in 1920 was also on the site and demolished in March 2015. Also on the site is an empty parking lot and the restaurants River Oyster Bar and Bonding.
Isanic Trading is owned by Colombian developer Carlos Mattos who purchased sites across the street at 19 and 42 SW 6th Street, which were the site of the former Associated Photos buildings, for $9 million in August 2015. Mattos also purchased a site in Downtown Miami with Ytech International for $21 million in January 2015 and owns a 110,082 square foot lot next to the Miami River, which was purchased for $28 million in 2012.