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.

The ordinance, approved on first reading by Miami City commissioners, is intended to help the city align with Miami-Dade County’s rapid transit zoning policies and Florida’s Live Local Act. However, critics described the initiative as favoring developers over neighborhoods.