CoStar | High-Rise Developers Discovering Miami’s Edgewater Neighborhood

(Corrected Feb. 8 to show the final sales price for the parcel in the second paragraph was $29.6 million, and not $21.9 million as originally reported in public records.)

In the 1960s and 1970s, the Edgewater neighborhood along Biscayne Bay in Miami was an area of modest single-family homes and department store icons Sears, Burdines and Jordan Marsh. No more. Now Edgewater is a haven for high-rise developers looking to push north out of the increasingly crowded downtown and Brickell Avenue.

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