One Of The Last Remaining Development Sites In Edgewater Sells For Record Breaking Price

APEX Capital Realty announced the recent closing of one of the most prominent development sites in Edgewater – 2201 NE 2nd Ave. (Edge 22).

APEX’s Executive Director Broker Rani Hussami represented the sellers, Northeast Twenty-Third Street, LLC. While APEX’s Alex K. Tsoulfas, Senior Commercial Advisor, and Jamie Rose Maniscalco, Vice President, represented the Buyer, TF Second and 23rd LLC.

Edge 22 is composed of a single land parcel spanning 1.64 Acres and is zoned T6-36A-O and falls within a federally designated opportunity zone.

Edgewater is a hotspot for new and innovative projects, as it is perfectly situated in a location that provides easy access to areas such as Downtown Miami, Brickell, and South Beach.

Just recently the Melo Group has commenced vertical construction on their new twin tower apartments, Urban 22. This new development will join other signature projects in the neighborhood such as the 60-story tower Casa Bella by The Related Group, 710 Edge by the team that built One Thousand Museum, Nema Edgewater development by Crescent Heights and many more.

“With 2201 NE 2nd Ave selling at $30,650,000, we are proud to say that this has been the highest record sale in Edgewater,” said Hussami. “Edgewater is bursting with activity, which has caused demand for land to reach an all-time high. This made 2201 NE 2nd Ave very appealing as it is one of the last remaining land parcels in Edgewater. The procurement of the property by TF Second and 23rd LLC will undoubtedly bring great
success.”

APEX Capital Realty has sold over 10 development sites located in Edgewater and have additional ones under contract.