The New York-based developer Naftali Group has acquired a development site at 1016 NE 2nd Ave. in Miami Worldcenter for $41 million and is planning two supertall residential towers. The site was acquired in partnership with Cara Real Estate Management. The seller was Akara Partners who acquired the site for $18.8 million in July 2020.
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Sabal Development Sells 10-Acre Parcel To Lennar Homes For $24.5 Million In Off-Market Transaction
Sabal Development, a Miami-based builder and developer who specializes in luxury custom homes led by Pascal Nicolai, has sold a 433,422 SF, 10.17-acre, parcel located at 8290 SW 120th Street in Miami, Florida for $24.5 million to Lennar Homes. The off-market transaction closed on March 23, 2022 with no listing agents involved.
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Core Wynwood Development Site Sells For $11.5 Million
UOVO Storage Deluxe has acquired a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. The buyer was represented by Jordan Karp and the seller was represented by Tony Arellano of DWNTWN Realty Advisors. 330 NW 29th Street is currently two fully occupied buildings leased as creative office space spanning 10,939 SF.
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One of The Last Vacant Development Parcels In Brickell Sells For $7 Million
One of the last development parcels in Brickell has sold for $7 million with plans for an approved and permitted 60 unit condo or apartment project. The 19,850 SF, .46 acre lot is located at 1621 SW 2nd Ave. in West Brickell, just a few blocks away from Brickell City Centre, SLS Hotel, Echo Brickell, Mary Brickell Village, and Brickell Bay Boardwalk.
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Kushner Cos. And Aimco Acquire Fort Lauderdale Development Site For $49 Million, To Build City's Tallest Tower
A partnership between Kushner Cos. and Aimco has acquired a development assemblage in Fort Lauderdale for $49 million and plan to develop Fort Lauderdale’s tallest tower. The development partnership acquired a 1.87-acre site at 520 W Broward Blvd. for $35.5 million from Swire Properties as well as a 2.31-acre site at 300 W Broward Blvd. for $13.5 million.
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Related Group and Merrimac Ventures Joint Venture Acquires Miami Worldcenter Development Site For $12 Million
A joint venture between Related Group and Dev Motwani’s Merrimac Ventures has acquired a development lot in Miami Worldcenter for $12 million from Miami Worldcenter Associates. The .6 acre lot is located at 601 North Miami Avenue and 25 Northeast Sixth Street and is currently used as a surface parking lot.
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The Shoreland Arcade
Moishe Mana Closes On Five Properties In Downtown Miami's Flagler District For $59.62 Million
Moishe Mana is steaming forward on plans for Downtown Miami’s Flagler District after closing on five properties in the past week for $59.62 million. Construction is progressing at several other of his properties in the neighborhood as the demand for office, retail and entertainment spaces in Miami increases.
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Mast Capital Acquires Prime 2.8-Acre Site In Brickell To Develop 3-Tower Luxury Mixed-Use Project
Miami-based developer Mast Capital closed on the 2.8-acre site located at 1420 S Miami Ave for $103 million. The site is located on the southern edge of the Brickell Central Business District market and represents one of the last remaining raw parcels of land available to build a high-rise development of scale in the area.
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MV Real Estate Holdings and Driftwood Capital Announce JV On $185 Million Riverside Wharf Featuring Dream Hotel On Miami River
Miami Developer Alex Mantecon of MV Real Estate Holdings (MVREH), in conjunction with Driftwood Capital, one of the country’s leading hospitality sponsors, has revealed plans for the Riverside Wharf, a hospitality-driven entertainment complex situated along the historic Miami River that will push the limits of what is known today as hospitality in Miami.
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David Hunt Solomon To Develop $25 Million Venetian Islands Waterfront Estate Designed By Touzet Studio
A team of industry visionaries led by David Hunt Solomon have revealed plans to develop a $25 million state-of-the-art showpiece estate in Miami Beach’s exclusive Venetian Islands. Berkshire Hathaway HomeServices EWM Realty top-producer David Hunt Solomon announced that he has brokered and purchased a prime, 10,833-square-foot waterfront lot at 415 East Rivo Alto Drive for $6.959 million.
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