(Google Maps, iStock)
Miami investor Enrique Manhard purchased 1.2 acres of land within the MiMo Biscayne Boulevard Historic District, close to the Brightline prepare tracks.
Manhard, who bought the event web site together with funding companions, at the moment doesn’t have plans to both construct on the property or flip it, though potential tenants have expressed curiosity in a floor lease, in keeping with the patrons’ dealer, Estrella Perez of EP Realty Group.
Perez didn’t disclose the opposite buyers, saying Manhard is the principle one.
Information present the vendor is 5220 Biscayne Boulevard LLC, managed by Fatos Rosenberg. The location final traded for $8 million in 2005, in keeping with property information.
The land is simply south of Northeast 54th Road, and between Biscayne Boulevard and Federal Freeway, in addition to simply east of the Design Place flats in Little Haiti.
(through Google Maps)
Manhard is a Uruguayan investor who minimize a number of offers final 12 months and this 12 months, each shopping for and promoting growth websites in Miami.
In June, he and his funding companions bought 0.75 acres at 2000 Biscayne Boulevard in Edgewater for $20.5 million to Kushner Firms, which plans an almost 400-unit condo tower on the location.
That very same month, Manhard and his funding companions reinvested in Miami, paying $46 million for two.2 acres downtown which can be zoned to permit an as much as 80-story, 2.2 million-square-foot venture.
Manhard put a 2.4-acre growth web site alongside the Miami River available on the market in February for an undisclosed value, though sources acquainted with the submarket stated the land is predicted to promote for about $30 million.
The world the place Manhard made his newest buy has caught the attention of builders, with numerous initiatives both accomplished, underneath building or proposed. North of the location, the Magic Metropolis Innovation District is underway. And simply east of Manhard’s property, developer Justin Podolsky needs to construct the 5.9 million-square-foot, mixed-use Sabal Palm Village at Flagler Path on the present web site of the Design Place.
