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… Read more…
Tag Archives: South Beach
Apogee Condo Sells for $12.4 Million
A 3 bedroom, 4.5 bath condo at the Apogee South Beach has sold for $12.4 Million, the second most expensive sale in the building. The 4,154 square foot unit fetched nearly $3,000 per square foot. The listing agent, Carlo Gambino, Executive Vice President at Douglas Elliman, was also behind the priciest sale in the building – a… Read more…
What Homebuyers in Miami Want Now? Alicia Cervera on New Developments
This is the second of three interviews I did for StreetEasy with Alicia Cervera Lamadrid, Managing Partner at Cervera Real Estate . In this interview Alicia talks about the consumer’s desire to buy into Miami’s emerging neighborhoods, urban infill, transit oriented development opportunites, green building and the consumer wanting to live in walkable neighborhoods. Alicia foresees that… Read more…
Ocean House Penthouse Sells for $3,591 Per Square Foot
A penthouse at Ocean House has just sold for a cool $15mil in the posh South of Fifth neighborhood on South Beach. The 4,176 sq ft South Beach penthouse was originally listed at $18,500,000 and then saw a price cut to $16,900,000. Jonathan Castaneda from Fortune International Realty represented the buyer and Dora Puig from… Read more…
Crescent Heights South Shore Hospital Proposal
This summary was sent by the West Avenue Corridor Neighborhood Association. Crescent Heights made this presentation last night. Crescent Heights Presented Latest Plans to Clean Up Hospital Site The owners of the property South Shore Hospital, left for an abandoned shell for years, presented plans to redevelop the property. Almost 75 WAvNA members listened intently… Read more…