MIAMI | 1001 Brickell Bay Drive

β€ž A large waterfront Brickell parcel could soon be sold.

Aimco told investors last week that it had initiated plans to market for sale a Brickell Assemblage it owns.

According to a previous company presentation, the company is the sole owner of the 1001 Brickell Bay Drive office building and the adjacent Yacht Club Apartments.

It previously said it was executing office leases on a relatively short term basis to prepare for potential redevelopment.

The assemblage size is 4.25 acres, the presentation said.

Aimco also said that demand for rental housing in the area remains β€œrobust.”

The company recently completed a gut renovation of The Hamilton, with 276 apartments in Edgewater.β€œ

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