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City swap, three-tower development on Miami River cast adrift

May 15, 2018

A complicated deal to gain a new office complex for the City of Miami in exchange for a triple tower private development on the Miami River is not as advanced as recently proclaimed. In fact, City Manager Emilio González said it’s far from being a sure thing. The deal arises from the city’s intent to sell or lease Miami Riverside Center, its office tower complex on the river at 444 SW Second Ave. Saying they had outgrown the building, city officials began to explore a sale or swap with a developer to gain a new main office building elsewhere.

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