The Last Big Empty Waterfront Site in Downtown Miami Is Sold for $1.2 Billion

Bloomberg, Apr. 27, 2023–Felipe Marques
The largest undeveloped waterfront parcel in downtown Miami, once pitched as a site for possible casino, was sold to a local real estate owner for roughly $1.2 billion. Genting Bhd, a Malaysian gambling giant, sold the 15.5-acre (6.3-hectare) site to a group led by Miami-based developer David Martin.