A New York company pays a record $770 per square foot for an industrial-zoned property in Miami's Wynwood neighborhood, the latest darling of real estate investors.
January 15, 2015 at 02:00 PM
1 minute read
A New York company blasted what had been the ceiling price on real estate in Miami’s Wynwood neighborhood, paying an unheard-of $770 per square foot for the property.
A Delaware corporation linked to Brooklyn-based RedSky Capital paid $10.6 million Tuesday for the 13,775-square-foot site, which contains a 5,485-square-foot building zoned as a lumberyard and being leased as an art gallery at 2407 NW Second Ave.
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