As the city grapples with its deadliest mass murder in decades, the story of the Hillsborough tragedy could be a harbinger of the next big thing.
In the coming months, real estate giant Anheuser-Busch InBev is expected to announce plans to buy up and develop the property at the corner of South Street and Buell Road.
Anheuser, one of the biggest real estate developers in the country, has owned the property for more than a decade, but the sale would mark a huge step forward for the company as it moves toward a new reality.
With the acquisition, Anheusers biggest property, its own brewery, could potentially be located near its brand new brewery on the outskirts of town.
The brewery, called The Hillsborough, is expected be ready for launch in 2021, and Anheussers new beer would be brewed at a new location.
“This is a very exciting development,” said Mike Crouch, the president and chief executive officer of Anheus, in a statement.
“The acquisition of this property will create a brand new, and highly desirable, location for Anheuses craft beer.”
An Anheuys spokesperson confirmed to Recode that the purchase will include the land, the brewery, and a brand-new location.
“The acquisition and operation of this land will enable the new Anheuers brand-name brewery and distribution facility to operate in the South Florida community,” the spokesperson said.
While Anheuer’s acquisition is significant, it doesn’t make the sale of the brewery any less important.
A number of the company’s other property, including its brewing facilities and other property in the Miami area, is under the company and its umbrella.
Although the Hillsboro acquisition isn’t as significant as Anheuse’s purchase of the South Beach neighborhood, it does mark a significant shift for the brand.
The company’s acquisition of the property could also allow it to create a new neighborhood near Miami Beach, and it could also mean that Anheüls future breweries could be located nearby to the South.
The Anheús deal with Anheums beer company, which is known as The Brewery, was reported earlier this year.
The purchase was reportedly worth about $200 million, according to Forbes.
This deal also includes the purchase of several other properties in South Florida, including the beachfront, and an additional 5.7 acres of the city, which could give Anheucas new neighborhood closer to Miami than the area around it.
Miami is home to a number of major tourist destinations, and as the new brewery is a big draw, it could help boost the city’s economy and make it a major destination for visitors.
On the other hand, the Hillsburg neighborhood could also be a potential area for crime, as Anhis new brewery could potentially have a significant impact on the crime rates in the area.