Avra Jains planning an office building in the Opportunity Zone!
225 NE 34th st , Edgewater, Miami
It is unclear if the Covid19 had changed this plans, but we will definitely see this year if the development takes off!
Jain is planning to build a 15-story office building at 225 Northeast 34th Street with $33 million in Opportunity Zone money. Jain’s company, Vagabond Group Consulting LLC, partnered with Los Gatos, California-based Bauen Capital to create an Opportunity Zone Fund. The office building will be built on top of an eight-story parking deck and will have a large green space. It will be combined with an existing 47,000-square-foot building that includes Anatomy Gym.
In 2017, Jain, Joe Del Vecchio and partners paid $13 million for the property at 3415 Northeast Second Avenue in Miami. It included the three-story, 52,500-square-foot building with the parking garage. Altogether the land totals 35,320 square foot, according to property records.
Plans are for Class A office building for entrepreneurial and tech tenants looking to build their businesses in an Opportunity Zone.
Construction of the new addition is expected to begin in six to 12 months .
Latest Posts
Swire sells two office buldings with We Work and Akerman LLP anchors for $163 million!!
78 Southwest Seventh Street and 98 Southeast Seventh Street , Miami The combined $163 million purchase breaks down to $80.3 million for Two Brickell City Centre and $82.7 million for Three Brickell City Centre. Each building has about 130,000 square feet, which means they sold for roughly $630 per square foot.
Read moreSwire sells two office buldings with We Work and Akerman LLP anchors for $163 million!!
The combined $163 million purchase breaks down to $80.3 million for Two Brickell City Centre and $82.7 million for Three Brickell City Centre. Each building has about 130,000 square feet, which means they sold for roughly $630 per square foot. The buildings are nearly 100 percent occupied and that Swire plans to use the cash for future developments.
Read moreEighty Seven Park opens doors!!
It’s a collaborative approach too; developers Terra and Bizzi & Partners Development and their creative team sharing a passion for the city and a belief in the transformative power of good design. For Renzo Piano, Pritzker Prize-winning architect who lives and breathes his art, there’s a serenity to be found in the tension between sky and earth. A serenity that Eighty Seven Park captures so eloquently.
Read moreApproved land for rental apartments use sold.
Shipping Avenue Apartments by Mast Capital would have 254 apartments and 825 square feet of retail . The site was approved for 20 stories. Avalon Bay purchased a stake in Mast Capital for the approved plot of land in 2019 .
Read moreAre we seeing last days of Byron Carlyle Theater??
Most recent home to O Cinema -from 2014, this iconic building might make way to a new development.Seven-story building with 114 micro-size residential units is the offer on the table to replace current legendary theater. The public-private partnership proposal comes from Menin Hospitality and KGTC, which is led by Matis Cohen, Marisa Galbut, Jared Galbut and Keith Menin is on the table at this time...
Read more