The International Longshoreman Association has owned the 24,000-square-foot property at 33-55 N.E. Sixth St. for more than 45 years. It operates in the 5,130-square-foot building there.

A labor union representing longshore workers has decided to sell its property in downtown Miami, which has significant development potential.

The International Longshoreman Association has owned the 24,000-square-foot property at 33-55 N.E. Sixth St. for more than 45 years. It operates in the 5,130-square-foot building there.

“The area and traffic has changed and grown substantially in these last 40 years,” said Edwin Stewart, fund manager for ILA. “The majority of our participants, retirees, and staff live up north and the site no longer makes sense from a logistical standpoint. Also, it’s financially a great opportunity for the benefit funds.”

Represented by Mika Mattingly, Jack Lowell and Cecilia Estevez of Colliers International South Florida, the ILA has listed the property for $16.5 million. They said its zoning would permit 396,000 square feet with 275 residential units. The maximum height is 60 stories.

The property is located just south of the massive Miami Worldcenter mixed-use development. Directly to the south, both the Okan Tower condo and an apartment complex by Melo Group are planned.

The brokers dubbed the site “The Link.”

“The Link is a unique property in a prime location that offer buyers the opportunity to capitalize on the market and make an impact during a positive and transformative time for Downtown Miami and Park West,” Mattingly said. “We expect the site to garner serious interest from developers as Miami World Center is flourishing into a ‘city within a city.’