Historic Collins Avenue Mixed-Use Building Sells For $6.5 Million

727 Collins Ave

Aria Development Group has closed on the purchase of the historic 1929 London Arms building located at 727 Collins Avenue on South Beach. The 22,000 square foot building was purchased for $6.5 million in partnership with Wexford Capital.  According to Aria Development principal David Arditi he is looking to attract a fashion/clothing/apparel tenant to compliment the already existing shopping district.

Located in the heart of Miami Beach’s Collins Avenue Shopping District, the building recently obtained approval from the Historic Preservation Board to convert the ground floor into approximately 5,000 square feet of prime retail.  This lovely building was built in 1929 as a 52-room hotel and was later converted into a 33-unit affordable multi-family building.

What a great project.

This transaction comes on the heels of Aria Development Group’s recent acquisition of 825 Collins Ave. for a planned 10,000 square foot retail development.

400 Sunny Isles Breaks Ground; 97% Sold

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The Chad Oppenheim and Kobi Karp designed twin towers broke ground last Friday. Developers Key International and 13th Floor Investments partnered on this project and Key International Sales handled the sales and marketing for the building. Liliana Paez, Sales and Marketing Director, mentioned that 97% of the 230 units have been sold so far.

Sunny Isles Vice Mayor Isaac Aelion, Arnaud Karsenti, Commissioner Jeanette Gatto, Commissioner Jennifer Levin, Jose Ardid, Mayor Norman S. Edelcup, Inigo Ardid

Sunny Isles Vice Mayor Isaac Aelion, Arnaud Karsenti, Commissioner Jeanette Gatto, Commissioner Jennifer Levin, Jose Ardid, Mayor Norman S. Edelcup, Inigo Ardid

 

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Jacob Roffman, Michael Bruner, Arnaud Karsenti , Liliana Paez, Inigo Ardid, Jose Ardid, Dan Mathason

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The Key International Sales Team lead by Liliana Paez

 

For all you mountain bikers out there, 400 Sunny Isles is within biking distance to Oleta River State Park. There are countless miles of great single-track in this urban park, as well as spectacular kayaking. This project is also within walking distance of the beach. Pretty sweet amenities to have in your backyard.

Rising Star: 24 going on $8 Million

Taylor-Corey

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Two years ago Taylor Corey was 22-year-old stay-at-home mom of twin boys. In January of 2012 she obtained her real estate license and in less than a year-and-a-half Taylor has amassed an impressive resume of real estate transactions ranging in price from $250,000 to over $2,000,000.  As of today Taylor, who works for Coldwell Banker, is under contract and has closed $7,608,292 in South Florida real estate since July 2012.

MU: Ever since you obtained your real estate license you have been involved in numerous deals totaling nearly $8 million. How did you get started in the business?

TC: I’m from Atlanta and both of my parents are involved in the real estate business, so it’s in my blood.

When I first got started it was tough, but I made it a habit of walking door to door in my target neighborhoods with my husband and twins following behind in the car.  Countless handwritten notes went out to mailboxes in those same neighborhoods, and I have been trying to learn a good amount of Spanish as well.  Knowing Spanish has helped me in my cold-calling efforts – I cold call from 9am to 12pm nearly every workday, allotting the afternoon for showings, closings, and other hands-on work.

MU: How are you using technology to propel your real estate career?

TC: I have always been an avid Facebook user, I grew up with it and I have parlayed that usage into branding, posting at least once a day about showings, inspections, closings and client stories.  Recently, I hired a local design firm to build a professional website and has since started producing leads from the search engines.  My marketing efforts will have a digital focus; the internet allows agents to target a city, community or neighborhood both through Social Media Advertising and Search Engine Marketing. Buyers and sellers are doing all their research on the internet; therefore I need to have strong online presence. My focus is mostly Coral Gables and Coconut Grove; 90% of the deals I do are single-family homes.

What’s next for Taylor? She has qualified for “Rookie of the year” through her brokerage, Coldwell Banker.  However, her latest achievement has been the launch of her new real estate partnership, The Corey Real Estate Group.  Accompanied by her sister-in-law Maribel Corey, who was an accomplished law office manager that decided to change careers to partner with Taylor.