“There’s been no break in the receipt of offers — at and even above the US$1.225 billion price,” Michael Fay, with broker Avison Young, said in an emailed statement.

The 15.5-acre parcel, the site of the old Miami Herald building, is one of the largest undeveloped stretches of the city’s waterfront. Genting, which once wanted to build a casino there, bought it for about US$236 million in 2011.

A previous agreement to sell the property to a local developer fell through in June.