Real Estate

Banco Santander Building Listed For Sale

in , , ,

Banco Santander Building on Brickell Avenue

The Banco Santander building located at 1401 Brickell Avenue is listed for sale, according to The Next Miami.

The 14 story building built in 1973, sits on a 87,958 square foot lot and was purchased for $114 million in 2008.

The site is approved by the FAA for an 844 foot building.

Other buildings on Brickell Avenue have sold in recent years such as 800 Brickell for $112 million, Brickell Arch for $142 million, the SunTrust Building for $140 million and 1221 Brickell for $155 million.

Property Markets Group And Greybrook To Partner On 400 Biscayne Site

in , , , ,

400 Biscayne Rendering

Greybrook Realty Partners has invested $32.3 million with Property Markets Group to build a tower at 400 Biscayne Boulevard, according to The Real Deal. 

The site is under contract after a purchase price of $53.6 million in July from Property Markets Group. Currently on the site is the First United Methodist Church, which was built in 1980.

Property Markets Group and Greybrook Realty Partners plan on building a tower with 690 residential units and 20,000 square feet of commercial space.

PMG and Greybrook are also developing the under construction Vice rental tower, which topped off in June of this year.

City Block In Wynwood For Sale At $45M

in , ,

Listed Site in Wynwood

A city block in Wynwood located between NW 2nd Ave and NW 3rd Ave to NW 29th St and NW 28th St is listed for sale for $45 million, according to The Miami Herald. 

The seller is Rockwell Capital, which assembled the properties five years ago.

The 90,000 square foot site is zoned for 12 stories and 311 residential units.

Perricone's Restaurant In Brickell Sold For $16M

in , ,
Perricone's Marketplace & Café Site in Brickell

Perricone's Marketplace & Café Site in Brickell

The popular restaurant in Brickell, Perricone's Marketplace & Café, located at 15 SE 10th St, has been sold for $16.18 million, according to the SFBJ. 

Owner Steve Perricone originally leased the land from the Allen Morris Company in 1994 and eventually purchased the site on August 1, 1997 for $725,000. 

The 10,965 square foot lot was purchased by citizenM Hotels with plans to redevelop the site in the future. Part of the agreement was a five year lease for Perricone's Marketplace & Café to keep it in the same location and a possible inclusion in the new development. Perricone's Marketplace & Café is located across the street from the under construction Brickell Flatiron. 

Not included in the sale is the 7,780 square foot Allen Morris Brickell Park which was donated to the City of Miami on November 15, 1974.

 

1900 Biscayne Site Sold For 18.4M

in , ,

1900 Biscayne Blvd Site in Edgewater

A one acre site located at 1900 Biscayne Boulevard in Edgewater has been sold for 18.4 million, according to The Real Deal. 

The seller is Atlas Capital Group and was purchased by Enrique Manhard. Enrique Manhard also purchased an entire block in December 2015 between NW 2nd Ave and NE 2nd CT, but later sold it to ASRR Capital for $33 million in June of this year.

The 1900 Biscayne Boulevard Site is approved for a 36 story tower with 429 residential units.

Metro Mall In Downtown Miami Listed For Sale

in , ,

The Metro Mall in Downtown Miami located 1 NE 1st St is listed for sale, according to The Real Deal. 

Built in 1926, the 7 story Metro Mall with 225,054 square feet could sell for over $20 million.

The site is zoned for 80 stories and 774 units.

TSG Group Purchases Brickell Site For $32M

in , ,
TSG Group Site in Red

TSG Group Site in Red

TSG Group has paid $31.75 million for a site in Brickell located at 1399 SW 1st Avenue on the East side of Infinity condo, according to The Real Deal. 

Currently on the site is the building Consulate General of Mexico that was built in 1979.

The site is zoned for 500 residential units or 1,000 hotel keys.