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.
5801 S Dixie Hwy, South Miami, FL 33143, USA. The project is a four minute walk from the South Miami Metrorail Station. It will include an eight story building. The student housing development will have a total of 99 units with 326 beds. Each unit will be equipped with a private living room and kitchen.Read more