Mixed-Use Center In Coral Gables Trades

Aventura-based Axiom Capital Advisors has brokered the $16.5 million sale of Riviera Plaza, a 55,161-square-foot mixed-use development located at 1542 S. Dixie Highway in Coral Gables.
Roberto Susi of Axiom Capital represented the buyer, Riviera Holdings Plaza LP, a partnership between Gadinsky Real Estate, Echion USA and 13th Floor Investments. The partnership purchased the asset in an off-market transaction.
According to Susi, the new ownership is contemplating repositioning Riviera Plaza to include multifamily housing.

Source: RE Business

 

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