Swire is partnering with Colombian businessman Carlos Mattos to jointly develop the property at 650 South Miami Avenue, a spokesperson told The Real Deal. The developers are planning a residential project on the former Tobacco Road site.

Mattos made his money with Hyundai Colombia Automotriz, a car import and distribution company he founded in his home country. His company Isanic Trading will co-develop the 72,000-square-foot plot of land, planned to be an extension of Brickell City Centre.
Property records reveal Tobacco Road Property Holdings LLC paid a combined $15.44 million for the majority of the assemblage, nine adjacent properties at 11, 21, 31, 37, 45 and 55 Southwest Seventh Street and 622, 626 and 640 South Miami Avenue in 2012. Swire affiliate BCC Road Improvement LLC paid $4.7 million for the roughly 15,000-square-foot corner piece at 602 South Miami Avenue in 2014.
The Tobacco Road entity is controlled by attorney Richard G. Toledo with an address tied to Mattos, who owns more land a block away. The popular Tobacco Road, which was home to Miami’s oldest liquor license, closed in 2014. The River Seafood Oyster Bar is still open.
The Mattos-Swire development, on the northeast side of Brickell City Centre, would likely be built during Miami’s next condo cycle.
Swire declined to comment further on its plans, but in June, head of U.S. operations Kieran Bowers said the next phase of Brickell City Centre would likely be One Brickell City Centre, a supertall “vertically stacked equivalent” of phase one, which was completed in November 2016. The first phase, a more than $1 billion investment, included two 390-unit condo towers, a 500,000-square-foot outdoor mall, an office building and a 40-story hotel, East, Miami.

THE REAL DEAL ( SEE FULL ARTICLE )

More Real Estate News

waldorf-astoria-miami-residences-condos-preconstrucion-florida-newyork

Miami a paradise for many wealthy buyers.

Waldorf Astoria Residences Miami100-story tower located in Downtown Miami across from Biscayne BayConceptually designed by world renowned architect Carlos Ott ...
/ News
theGROVE-Orlando-properies-view

The Grove Residences Orlando Resort & Waterpark

Su Magia Comienza Aquí The Grove Residences Resort and Water Park es mucho más que el mejor complejo vacacional de ...
/ News, Orlando, Pre-Construction
nativo-miami condos airbnb render

Natiivo Miami Condos for Airbnb

Natiivo Miami Condos for Airbnb Why Natiivo for Airbnb? To answer this question we have to look at one of ...
/ Downtown, News, Pre-Construction
Legacy Miami Condos

Legacy Miami Condo Hotel

Legacy Miami Condo is both luxury hotel and residential tower featuring 278 branded residences sitting above a 255 room hotel. Just a short distance ...
/ Downtown, News, Pre-Construction
Una brickell condo pre construction

4 Bedrooms – Lease – Miami

...
/ News
echo_brickell_condo_sales-rentals-leasing

2 bed units for lease Brickell

We have created this page for you with all the 2 bed available units in the Brickell area. Please feel ...
/ News
Una brickell condo pre construction

UNA BRICKELL PRE CONSTRUCTION MIAMI

OVERVIEW Designed by Adrian Smith + Gordon Gill Architecture, Una takes its inspiration from the elegant shapes and materials of ...
/ Brickell, News, Pre-Construction
david beckham

Beckham partners eye Melreese golf course for MLS stadium site

David Beckham and his partners are considering a new property for their multimillion-dollar Major League Soccer Stadium. Miami City Manager ...
/ News
Prive Aventura

Privé developers win another victory in ongoing litigation with neighbors

Miami Federal Judge Robert Scola Jr. granted summary judgment in favor of project builders Gary Cohen, Daniel Lebensohn, BH3 and ...
/ News