Swire Properties Sells Prime Brickell Development Site to Kerzner International for $45M

Swire Properties has completed another major land sale in Miami’s Brickell neighborhood, continuing its shift in focus toward its flagship holdings on Brickell Key. On August 5, 2025, the Hong Kong–based developer sold a 1-acre development site located at 9 Southeast 6th Street for $45 million to Kerzner International, the Dubai-based hospitality group led by CEO Philippe Zuber. The transaction equates to approximately $1,043 per square foot.

The property sits in a prime location just steps from Brickell City Centre and was previously approved for 350 residential units and 180 hotel rooms. Its strategic positioning in the heart of Miami’s financial district makes it one of the most sought-after parcels in the area.

Kerzner International — best known for its global luxury resort brands including Atlantis and One&Only — has not yet disclosed its development plans for the site. Given Kerzner’s history of delivering high-end hospitality projects, the parcel could be the future home of a flagship luxury hotel, branded residences, or a mixed-use tower.

The deal marks the latest in a string of non-core asset divestments for Swire Properties as it refocuses development and investment efforts on Brickell Key. Swire has been a major force in shaping the Brickell skyline, most notably through the multi-phase Brickell City Centre project.

With Miami continuing to attract both domestic and international investment, this sale underscores the strong demand for prime development land in Brickell — and signals that the neighborhood’s transformation is far from over.