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Announcement

No to Walmart, what will rise over here?

By
Cashflow In Miami
on
August 12, 2020

3055 N Miami ave, Midtown

Walmart sold the 4.6-acre site at 3055 North Miami Ave for $131 per square foot to Midtown Opportunities, led by Alex Vadia .

The former site of Walmart in Midtown Miami sold for $26.4 million . The war waged by Grant Stern with community activists against the 230,000 sq ft Walmart supercenter got won. Now what? Another rental tower? Alex is already behind Midtown 6 development with Magellan Development Group that is currently renting units out.
Midtown Opportunities now owns about 5.5 acres of contiguous land on the site. Zoning allows the developer to build from 24 stories to 36 stories.

...

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