European Developers Investing in Miami
Miami’s vibrant and accelerating real estate market keeps attracting foreign investors and developers who have grasped the new status of our city as one of the global cities with most projected growth at all levels.
Miami seems to reinvent itself everyday with such great influx of newcomers. A company tied to Spanish investor MDR Americana has acquired a Brickell-area property for $10.5 million, The Real Deal has learned.
Brickell Land Ventures, which shares a mailing address with MDR’s Miami office, purchased the nearly 37,000-square-foot parcel at 1020 Southwest First Avenue last Wednesday, according to Miami-Dade County records. The county recorded the transaction on Friday.
Manquehue Development is the seller. The company is managed by Agustin Salas. It paid $6.3 million for the property in January 2006.
A 44-unit apartment building was previously located on the property.
Another MDR company owns the future site of the Bond at Brickell condo project. The company is partnering with Rilea Group on the development. It all is fantastic news for the city and the foreseeable trend seems to be crystal clear; Miami will continue to expand its boundaries to become home to many more foreign as well as American citizens.
Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.comTime is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
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