Park West dev site listed for $500M next to E11even residences

Michael and Ron Simkins’ Lion Development Group and Marc Roberts want to offload a 6.6-acre development site in the downtown Miami/Park West area, with an asking price of $500 million, The Real Deal has learned.  The assemblage is at 1151 Northwest First Avenue, north of the Miami Worldcenter mixed-use complex, according to a news release from CBRE, which is marketing the site.  Robert Given and Bradley Capas are part of the brokerage’s team listing the property.  A sale at the asking price would break down to $75.8 million per acre.  Zoning allows for a 4.8 million-square-foot development across property types […]

This article originally appeared on The Real Deal. Click here to read the full story.