Dubai hospitality firm buys Brickell City Centre dev site for $45M

Dubai-based hospitality firm Kerzner International bought a Brickell City Centre development site for $45 million.  The deal marks Swire Properties’ continued divestment of Brickell City Centre, nearly a decade after completing the mixed-use complex.  Kerzner bought the nearly 1-acre vacant property at 9 Southeast Sixth Street in Miami from Swire Properties, the real estate arm of Hong Kong-based Swire, according to records and property database Vizzda. The property is proposed for a development with 350 condos and 180 hotel keys with ground-floor retail.  Led by Philippe Zuber, Kerzner’s brands include Atlantis Resorts, One&Only, Siro resorts and Rare Finds. Its website […]This article originally appeared on The Real Deal. Click here to read the full story.