Boulevard Condo Miami | 16 Floors | Approved
Shovel-ready Biscayne Boulevard development site trades for record-setting $5.7M
September 17, 2012 01:30PM
The Biscayne Boulevard site of a planned residential development has traded for $5.75 million, a record setting number for the corridor, Colliers International South Florida announced today. The land, located at 3360 Biscayne Boulevard, was sold by Lionheart Capital to Argentinian-based development firm interested multi-family development.
“There was tremendous interest in all options given the strength of the residential condo and rental markets, the improved transparency of the Latin-American sales strategy, the growth that is taking place along Biscayne Boulevard, Midtown, and the Design District, and the value of having a fully approved project that was shovel ready,” David Metalonis, CCIM senior vice president, said in a statement.
The site has already been approved for a 16-story, 127 unit residential tower with ground floor retail. Metalonis represented Lionheart in the deal. — Christopher Cameron
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Afi K. James
September 18, 2012 at 12:03 am
It is so nice.
langbro
September 19, 2012 at 4:03 pm
This project is designed by Zyscovich Architects and Alison Spear.
langbro
February 8, 2013 at 8:23 pm
The new owner has put a sign on the property: mg3developer.com