Under the proposed plans, the western portion of the site would be paved to continue supporting those Miami Heat logistical needs. Meanwhile, the eastern section would be transformed into a public space featuring a playground, waterfront promenade, kayak launch, public art installations, and green space.

sabadell financial center-1111 brickell avenue_photo credit commercial observer 1030x385

If finalized, this would mark the largest office sale in South Florida so far this year.

According to documents filed with Miami-Dade County, the proposed headquarters development will feature a 450,000-square-foot office building and is being designed to accommodate an initial workforce of 2,000 employees.

Amazon initially leased 50,000 square feet in January after reports surfaced that the Seattle-based tech giant was looking for up to 80,000 square feet in Miami.

The South Florida condo market is cooling due to rising inventory and shrinking demand. Across the region, sellers are struggling to offload units as prices drop—yet in Miami, condo values are holding steady. However, the market isn’t immune to broader headwinds.