This is a listing for 38,329.20 Sf. of Transferable Development Rights (TDR) within the City of Miami. It is not a sale of a land, only the rights to increase the Density in a new development within the City of Miami.
The land was recently sold to a new buyer, while the seller remained the owner of the TDRs and has the right to Sell them to any interested third-party.
The property is a "Receiving Site" pursuant to the procedure set forth in the City of Miami Code of Ordinance.