Downtown Miami FedEx Building Sold For $37.25M

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Downtown Miami FedEx Building

Downtown Miami FedEx Building

The Downtown Miami FedEx Building located at 200 South Miami Avenue has sold for $37.25 million, according to The Real Deal. 

The seller is Fifteen Group who purchased the 110,000 square foot building in 2014 for $19 million. The buyer has not been disclosed.

In November 2014, Fifteen Group purchased the First Church of Christ Scientist in Edgewater for $14.3 million. 

Rockpoint Group Receives $109M Mortgage For 1221 Brickell

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1221 Brickell

After being purchased for $155 million in April, Rockpoint Group has received a $109 million mortgage on 1221 Brickell, according to The Real Deal. 

The 27 story 1221 Brickell was built in 1986 and designed by Harwood K. Smith & Partners. The building is known for its illuminating lights at night and was featured in the television show Miami Vice.

Rockpoint Group purchased Mary Brickell Village for $113.5 million in 2015.

1111 Lincoln Road Parking Garage Purchased For $283M

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1111 Lincoln Road

The iconic 1111 Lincoln Road designed by architects Herzog & de Meuron has been purchased by a new owner, according to The Miami Herald. 

The 263 space parking garage with 40,000 square feet of retail and 110,000 square feet of office space cost $65 million and opened in 2010.

The property was purchased in 2005 by developer Robert Wennett for $23.5 million.

UPDATE: 1111 Lincoln has been purchased by German investment fund Bayerische Versorgungskammer for $283 million. 

Demolition Begins At Maizon At Brickell Site

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Maizon at Brickell

Maizon at Brickell

After being approved by Miami's Urban Development Review Board in October 2016, demolition has begun at the Maizon at Brickell site.

Located in West Brickell, currently being demolished are low rise apartment buildings that were built between 1948 and 1976.

Maizon at Brickell will be 24 stories and have 262 rental units.