CenTrust Tower

Miami Tower Sold For $220M

The Lights of The Miami Tower

The iconic Miami Tower has sold for $220 million, according to The Real Deal.

The 47 story tower was built in 1987 and was designed by architect I.M. Pei. It is famous for its changing lights, which can be seen for miles in Miami. While under construction in 1984, the building caught fire on the ninth floor, which delayed work for weeks. 

Originally called CenTrust Tower, the building has been featured in Miami Vice, both the T.V. show and movie, and Gloria Estefan even filmed a music video on the rooftop

I&G Miami LLC purchased the 618,990 square foot building in 2010 for $105.5 million before it was bought by an affiliate of Sumitomo Corporation of America. 

This Was Downtown Miami In The Early 90's - Before & After

A couple of weeks ago we showed how Downtown Miami looked in 1984. In the top left photo was Downtown Miami in the early 1990's and it looks slightly different than in 1984. When you compare to today in 2014 you see a noticeable difference. The tiny apartments on the Miami River were knocked down in 2006 along with the Sheraton Hotel Brickell to make way for Related Group's Icon Brickell. Below the apartment complex revealed a Tequesta burial site. That land is now the Miami Circle and used as a park. 

Just North of the Miami River was the DuPont Plaza Hotel, which was built in 1957 and demolished in 2004 to make way for the Epic Hotel and Residences. 

Since that time the Wells Fargo Tower was built North of the Epic Hotel. The Met 3 and One Miami were built in the empty lots by the Intercontinental Hotel.

Fishing boats would use the Miami River and now the wealthy use it to dock their luxury yachts.

This Was The CenTrust Tower Under Fire During Construction

In August 1984, while under construction, the CenTrust Tower caught fire on the ninth floor. Unfortunately, construction was delayed for weeks, but able to open in December 1985.

Now named the Miami Tower, it has become one of the most iconic buildings in Miami and is predominantly featured in movies and TV shows. The tower lights up every night and can be seen from miles away.