Investors Jefferson Brackin and Michael Bird paid $5.9 million for a commercial assemblage in North Beach, with plans to redevelop the property.
The properties include two vacant buildings: one of nearly 8,000 square feet, built in 1967; and the other of about 1,400 square feet, built in 1935; as well as parking lots, records show. In all, the land totals 20,415 square feet. The sale price equated to $289 per square foot for the land.
The seller had paid $2.6 million for the properties in 2014, according to records.
The partners are considering an adaptive reuse project of the currently vacant site, while evaluating redevelopment opportunities . Location is superb.
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