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Malaysian conglomerate sells downtown Miami development site

Buyer plans to build mixed-use tower with multifamily and retail components
Genting has sold a downtown Miami development site, pictured above in 2004, for $20.9 million. (CoStar)
Genting has sold a downtown Miami development site, pictured above in 2004, for $20.9 million. (CoStar)

A Malaysian conglomerate has sold a 35,554-square-foot parcel near where it once planned to build a massive casino in downtown Miami.

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