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Carlos Mattos
Florida Power & Light sold a lot in Downtown Miami at 201 SW 2nd Avenue for $21 million, according to SFBJ.
The 2.24 acre lot was purchased by Miami Bridge Lot Ventures in a joint deal with Ytech International and developer Carlos Mattos.
The site can be developed for a mixed building such as residential, office, hotel and office. It has the potential to reach 36 stories.
The Famous Neon Tobacco Road Sign
On the morning of October 26, Tobacco Road had its final last call and turned off the famous neon sign for the final time in its 102 year old location.
The building has been around since 1912 and has been a bakery, burlesque club, gay club, gambling den and of course a place for live music. Tobacco Road was the only place in Miami where lawyers, politicians and doctors could drink next to bikers, vagrants and drug dealers.
Tobacco Road was hurting for business the last few years with the construction of Brickell City Centre surrounding the bar and after having the property bought for $12.5 million in 2012 by developer Carlos Mattos.
The new owner is trying to raise money through Kickstarter to move across the lot to a new location and save the historical items in the bar.
Click here for a video of Tobacco Road and here for a more comprehensive story of the bar.
Below are photos of what Tobacco Road looked like.
Tobacco Road Will Move Across the Lot To A New Location
On Saturday, October 25, 2014, Tobacco Road will be closing its doors for the final time after 102 years.
The property and land was bought by developer Carlos Mattos, who hasn't announced what he plans on doing with the site.
New owner, Joel Rivera, is trying to raise money with a kickstarter campaign to save all the historical items in the bar including the original wood bar and classic neon sign. They plan on moving to a new location at 69 SW 7th St, which is across the lot from the original site. They plan to open in six months to a year with a 36 year lease option.
It was also just announced that in November 2015, Tobacco Road will have a bar on the Norwegian Escape cruise line.
Below is a video of Tobacco Road.
The Oldest Bar in Miami
According to Miami.com, Tobacco Road will be closing permanently on October 25. The lease was not up until May of 2015, but were forced to close sooner than expected.
Established in 1912, Tobacco Road is Miami's oldest bar and had the first liquor license. For more history on the place click here.
The property and surrounding land was purchased by Columbian developer Carlos Mattos in April 2012 for $12.5 million.
On October 25th, Tobacco Road will have its final closing party.
