The owners of the Brickell Bay Drive property that was previously planned for the Villa Magna condominium project have decided to sell the bayfront parcel.
October 03, 2012 at 12:00 AM
1 minute read
Tibor Hollo and one of his investment partners could soon find out how strong the resurgent Brickell condominium market truly is.
Hollo’s Florida East Coast Realty, at the behest of New York-based partner Corigin Real Estate Group, is putting 2.5 acres of vacant bayfront land at 1201 Brickell Bay Drive up for sale. Before the recession, Florida East Coast and Corigin, which each owns 50 percent of the property, planned to build the two-tower Villa Magna condo project on the site.
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