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NY Investor Buys Note On Lynx Site In Downtown Miami

Discussion in 'Miami Real Estate, Construction And Architecture' started by sandman, Mar 1, 2013.

  1. sandman Administrator

    Wharton Equities, a New York based real estate investment firm, has acquired the distressed note on the land across from Downtown Miami's Centrust Tower at 16 SE 2nd Street. The land is currently owned by a company affiliated with Marc Roberts.

    Wharton has partnered with 'a leading global hedge fund' for the purchase. Wharton's website reads:

    http://www.whartonequity.com/realEstate.php

    The Lynx project which was planned for this site boasted some of the most original and unique architecture that Miami had seen. The architects on the project included Pei Partners, Chad Oppenheim, Richard Meier and Kobi Karp.
    sandman, Mar 1, 2013
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  2. sandman Administrator

    sandman, Mar 1, 2013
    #2 Reply

  3. northwestern Member

    They bought the note, but do you think this is just an investment or are they planning on doing something with it? Hopefully this means some more development in this area. It would be great to see development farther west in the CBD.
    northwestern, Mar 2, 2013
    #3 Reply

  4. langbro Member

    The site:

    [IMG]
    langbro, Mar 4, 2013
    #4 Reply
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