New York buyers scoop up stores at Alton Road and Fifth Street for $1,241 per square foot.
September 26, 2014 at 01:33 PM
1 minute read
A New York psychiatrist and his wife scooped up a prime retail parcel just off Alton Road in Miami Beach.
Norton and Roslyn Nesis paid $22.5 million for the Gateway to Miami Beach, an 18,136-square-foot plaza constructed in 1996 with modern architecture and a liberal mixed-used commercial zoning designation for development up to 70 feet in height. Its two buildings house national tenants Pier 1 Imports and Burger King Corp.
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