M&M’s Drew A. Kristol and Kirk D. Olson had the exclusive listing to market the portfolio on behalf of the seller, a private Miami Beach-based ownership group. Olson and Kristol also procured the buyer, a private investment group based in Brooklyn, New York.
Slated to open at the end of summer 2022, guests will enter the genuine prohibition-era themed experience after securing a secret code and dialing it into a restored antique London-style red phone booth at the entrance.
The TOBY Awards are the most prestigious and coveted awards of their kind in the commercial real estate industry. The awards recognize superiority in office and industrial buildings and reward excellence in building management.
The 17,325-square-foot site sold for $1.88 million to a company that plans to construct a new corporate headquarters and sales center at the site.
Jonathan De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property.
The project is slated to include 1,333 residential units, 41,438 square feet of commercial-retail uses and parking for up to 2,589 vehicles, and have 108 bike racks.
Sageblan Investments acquired the SunTrust Parking Garage which is entitled for up to 800 residential units, 120 hotel keys, and 7,205 square feet of retail space
He was involved with the acquisition, financing, management, and disposition of more than $25 billion worth of assets.
The property is located directly across from the largest undeveloped parcel of land in Doral, a 175-acre site recently put under purchase contract by Bridge Industrial.
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff listed the building.