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Sign in Sign up for a FREE subscriptionMiami residential tower placed on market for record sales price of $500m
Developer Florida East Coast Industries (FECI) has listed ParkLine, its signature residential tower above Brightline’s Miami Central Station, for $500 million.
ParkLine Miami is considered one of the largest single multifamily assets in the Southeastern United States to be listed for sale to date.
Located at 100 and 400 Northwest 1st Avenue, the pair of iconic towers rise 44 (North Tower) and 47 stories (South Tower) and comprise 816 luxury residential units. The two ParkLine towers are part of a master plan alongside 2 and 3 MiamiCentral, 285,000 square feet of class A office towers with more than 160,000 square feet retail.
FECI first opened the ParkLine Miami towers in February 2020. They currently stand 90 percent leased.
