Miami’s Midtown To Expand

Developer Alex Vadia, who basically hit the jackpot when he scooped up half of Midtown Miami and the abandoned Chiquita Banana facility to the east for $60 million and then continued buying up adjacent property, is finally doing something with the 6.6-acre assemblage.
On Friday, May 29, Miami city commissioners approved Vadia’s request to close sections of streets and alleys within the site so as to create a more pedestrian-oriented development.
According to county property records, Vadia’s corporations scooped up the adjacent land between 2011 and 2012, paying a combined $11.9 million.
 
Sources: The Real Deal and Curbed
 

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