An apartment developer went … uh … bananas in Miami’s Midtown neighborhood, spending $55 million for 6.6 acres—a whopping $8.3 million per acre.
AMLI Residential, a Chicago-based developer of luxury apartments, scooped up Chiquita Brands LLC’s former banana-shipping site at 2900-3010 NE Second Ave. A development with 700 apartments in two buildings is planned on the vacant site. The project designed by Miami-based Zyscovich Architects will have an eight-story, 215-unit building on the south and a 12-story, 485-unit building on the north.
