arts
Flow affiliate sells unfinished Miami Worldcenter office, retail building for $27M
By Lidia Dinkova at The Real Deal
· June 3, 2026
· 1 min read
An affiliate of Adam Neumann’s Flow sold an unfinished three-story retail and office building at Miami Worldcenter for $26.6 million, marking the third site within the mixed-use mega-complex to trade this year. Daniel Cardenas and Michael Sullivan, of retail leasing brokerage and development consult
Key takeaway Daniel Cardenas and Michael Sullivan, of retail leasing brokerage and development consultancy Vertical Real Estate, and Brazilian investor Gustavo Agostini bought the 0.
Why this matters in The Miami
The sale of the unfinished Miami Worldcenter office and retail building for $26.6 million brings new ownership to a key site in the city's downtown area. As the third site to trade within the mega-complex this year, this transaction suggests that investors remain interested in Miami's urban core, despite the challenges posed by sea-level rise and flooding risks. The involvement of a Brazilian investor, Gustavo Agostini, also underscores the city's ongoing appeal to Latin American capital, a trend that has shaped Miami's economy and culture for decades. With its location in the heart of the city, the 0.6-acre property at 711 North Miami Avenue is well-positioned to benefit from the foot traffic and energy of the surrounding neighborhoods, including Little Havana and Wynwood. The new owners' plans for the site will be worth watching, given the potential impact on the local business community and the city's ongoing efforts to revitalize its downtown area.
About this story
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Category: arts ·
Published: June 3, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? An affiliate of Adam Neumann’s Flow sold an unfinished three-story retail and office building at Miami Worldcenter for $26.6 million, marking the third site within the mixed-use mega-complex to trade this year. Daniel Cardenas and Michael Sullivan, of retail leasing brokerage and development consult
When was this published? This article was first published on June 3, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Lidia Dinkova at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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