The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
The trophy assets were sold in a deal marking one of the most significant hospitality-driven trades of 2025.
Originally built in 1925, echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage.
The multi-phase project will encompass approximately 2.5 million square feet of new commercial, residential, and hotel product once complete.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
South Florida commercial real estate’s top talent and transformative projects honored during signature event. Manny De Zarraga received the Lifetime Achievement Award.
Comras plans to re-energize the center with cosmetic upgrades and a remerchandising strategy to attract dynamic new tenants.
ABANCA USA and BankUnited provided the loans.
The two building portfolio totals ±47,350 square feet.
Current and prospective members will now have access to over 60 Crunch Fitness locations across the state of Florida.
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