Miami-Dade County Commission Approves Large Mixed-Use Project In South MDC
The developer had applied for rezoning of the 11.4 acre parcel.
The developer had applied for rezoning of the 11.4 acre parcel.
The loan was secured as part of a multifamily property purchase by a joint venture between Angelo Gordon and Mast Capital.
The sale marks the second highest per unit sales price for its size, vintage and submarket.
The property comprises four conjoined lots being sold together, which are all zoned T6-8-O NRD-1, allowing up to 8 stories by right and 12 stories with bonuses of mixed-use infill development. Under this zoning, the property can be developed into up to 207 units (310 with bonuses) or licensed for up to 414 hotel keys.
Here are the most popular news headlines this past week on CRE-sources.
Calum Weaver, Robert Given, Zach Sackley, Troy Ballard and Garrett Pordes of Cushman & Wakefield will oversee marketing efforts.
The Miami office, focused on multifamily/mixed-use, multitenant retail, and single tenant net lease property sales, will be led by Managing Director, Kirk Felici, who has more than 20 years of commercial real estate experience.
Here are the most popular news headlines this past week on CRE-sources.
Butters Construction & Development and Greystar will develop Miami Midway Park, a 45.1-acre site at NW 97th Avenue and NW 170th Street in Hialeah Gardens.
ONE Commercial Real Estate’s Stephen Nostrand and Alexis Shapiro marketed the property for the developer and procured the buyer.
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