Kushner 2000 Biscayne
Construction about to start on the new tower on Biscayne
2000 Biscayne Boulevard
Kushner Companies paid $20.5 million for a slice of an assemblage in Miami’s Edgewater neighborhood, more than two years after going into contract on the property.
Investor Enrique Manhard and his partners sold the 0.75-acre piece of a larger assemblage, at 2000 Biscayne Boulevard, to New York-based Kushner, led by Charles Kushner, Nicole Kushner Meyer and Laurent Morali. They purchased it from Verzasca Group.
Kushner plans a nearly 400-unit apartment tower for the site, which will mark the first phase of a 1,100 unit development. The 2000 Biscayne sale price breaks down to $621 per square foot and $48,000 per unit.
Kushner plans to build a total of three towers at 2000 Biscayne Boulevard and 1900 Biscayne Boulevard. Manhard also owns 1900 Biscayne, where units will be built in two towers.