The 442,000-square-foot, unnamed property will be located at 1015 SW 1st Ave. and feature high-end amenities and 2,000 square feet of ground-floor retail space.
The Greater Miami Chamber of Commerce annual members meeting featured a presentation on smart cities and advance air mobility (AAM), an emerging field of transportation that uses electric vertical takeoff and landing (eVTOL) aircraft to transport passengers. The technology offers a more sustainable and efficient alternative to traditional air travel and could serve as a solution to traffic congestion in urban areas like Miami.
Sales will launch in late 2023, with prices starting at $3.5 million.
Miami’s office sector saw the greatest dropoff, registering just $6 million in sales in the first quarter of 2023, compared with $226 million in 2022, a 97 percent decrease.