Paramount on the Bay is considered an inspiration for many of the Edgewater developers, one of who says with little room left to develop in downtown Miami and Brickell, the next logical frontier is Edgewater, which is between Biscayne Bay and Biscayne Boulevard and between I-395 and I-195.
April 24, 2013 at 05:16 AM
1 minute read
Miami-based Related Group of Miami LLC paid $29 million for a waterfront site north of downtown Miami, up from the $11 million early last year.
A joint venture between Wellington-based Eastview Realty Advisors LLC and New York-based GTIS Partners Lt. just paid $28.1 million for another waterfront site in the same Edgewater neighborhood. That is nearly twice the $14.5 million the seller paid for the debt on the site and 21 unsold condos in an abutting building in 2011.
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