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.
The deal now places the entire 500,000-square-foot shopping destination under the control of Simon Property Group.
In a newly published interview, billionaire founder of Citadel praised Miami’s energy and outlook.
San Francisco-based Wisk Aero recently signed two memoranda of understanding — one with the Miami-Dade Aviation Department and another with the University of Miami’s Engineering Autonomy Mobility Initiative.
A sweeping proposal could significantly increase development near Miami Metrorail stations and other major transit centers. Under the first phase of the plan, as outlined by city planning officials, certain properties currently capped at five stories could see high-rises up to 12 stories tall. In some areas, density could more than double.
As Miami continues to grow, this upcoming development promises to be a significant addition to its dynamic cityscape.