22 E Flagler Street Real Estate For SalePreconstruction

Aetna Realty, a fully integrated real estate investment firm based in New York, has revealed conceptual designs for a transformative redevelopment at 22 East Flagler Street in Downtown Miami. This 1.65-acre site, consisting of two parcels along South Miami Avenue between East Flagler Street and Southeast 1st Street, was formerly home to the iconic Macy’s and the now-closed Burdines department stores. The existing property includes over 500,000 square feet of commercial space spread across two 75-year-old multistory buildings connected by a sky bridge over South Miami Avenue.

Aetna Realty envisions this prime location as a flagship project, proposing two soaring skyscrapers rising between 50 and 55 stories. The mixed-use development will combine retail, office, hotel, and residential components, showcasing cutting-edge architectural design and modern urban living. Renderings depict two towers emerging from L-shaped podiums, with the western tower likely the taller and more slender, while the eastern tower occupies a larger footprint with a distinctive, varied facade.