When time-sensitive opportunities arise in Miami’s competitive real estate market, experience and relationships make all the difference. DWNTWN Realty Advisors’ Tony Arellano and Andrew Dixon leveraged both of them to secure a strategic $7.75M ground lease termination deal in the heart of Brickell’s financial district.
The transaction unlocks 0.46 acres of prime development potential at 66 SW 6th St and 625 SW 1st Ave, connecting the vibrant Brickell Riverfront to Miami’s bustling financial core. By bringing together Newgard Development, Two Roads, and Benzol Properties Corp, our team turned a complex challenge into a win-win opportunity in just 14 days.
Strategic Brickell Investment: Miami Financial District Meets River’s Edge
Situated at the dynamic intersection of SW 6th Street and SW 1st Avenue, this 0.46-acre property captures the essence of Brickell’s most coveted attributes. Steps from the glistening Miami River and surrounded by international banking headquarters, the location offers unmatched development potential in Miami’s premier financial hub.
The property’s strategic position combines three key advantages that define prime Brickell real estate:
- Direct access to the scenic Brickell Riverfront
- Walking distance to Miami’s banking and finance core
- Exceptional connectivity to major transportation arteries
With Brickell’s evolving skyline as its backdrop, this location represents a rare opportunity to develop within Miami’s most prestigious business district, where luxury residential, Class A office space, and high-end retail converge.
Transaction Spotlight: $7.75M Ground Lease Termination in Brickell
Deal Structure
- Transaction Type: Ground Lease Termination (23 years remaining)
- Sale Price: $7,750,000
- Closing Timeline: 14 Days
Principal Parties
- Buyer: Newgard Development / Two Roads
- Seller: Benzol Properties Corp
- Seller Position: Long-term Ground Lease Holder
Property Specifics
- Property Addresses: 66 SW 6th St and 625 SW 1st Ave, Miami, FL 33131
- Land Area: 0.46 Acres adjacent to Brickell Riverfront
- Location: Brickell Financial District
- Development Status: Prime Development Opportunity for future mixed-use high-density
- Zoning Information: Suitable for mixed-use high-density development
Prime Brickell Position: Connectivity & Market Advantage
At the crossroads of Miami’s most dynamic business district, this property benefits from unmatched accessibility and infrastructure:
Strategic Access Points
- Minutes from Brickell City Centre and Mary Brickell Village
- Direct connection to Miami Riverwalk’s waterfront dining and entertainment
- Walking distance to Downtown Miami’s cultural destinations
Transportation Hub
- Brickell Metrorail and Metromover stations steps away
- Quick access to I-95 and Miami International Airport
- Multiple transit options including ride-share, bike-friendly and micro-mobility
Market Dynamics & Future Growth
Brickell’s evolution as South Florida’s premier commercial district continues to drive exceptional investment opportunities. The increasing scarcity of developable land in core Brickell, combined with growing demand for mixed-use developments, creates compelling opportunities for strategic investors. Strong market fundamentals and careful alignment with Miami’s urban core expansion plans further enhance the area’s investment potential.
Deal Impact & Market Transformation
This strategic ground lease termination marks a pivotal moment in Brickell’s development story. The transaction creates prime development potential in Miami’s financial core, paving the way for innovative mixed-use projects that will shape the district’s future. Beyond the immediate transaction value, this deal reinforces sustained investor confidence in Brickell’s growth trajectory while setting new benchmarks for land values in the district.
DWNTWN Realty Advisors demonstrated its expertise in executing complex commercial real estate transactions by completing this ground lease termination with precision and efficiency. By strategically aligning the interests of all parties, our team facilitated a deal that maximized value for Benzol Properties Corp while creating new opportunities for Newgard Development and Two Roads.
“Our team was pleased with the win-win outcome; Newgard Group and Two Roads Development unencumbered an irreplaceable development piece in the center of everything DWNTWN Brickell.” — Tony Arellano P.A.
Ready to explore commercial real estate opportunities in Miami’s urban core? Contact our team at DWNTWN Realty Advisors today.
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